---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-25-000054"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T03:10:18.863004+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance Q1 GAAP net income $106.3M ($8.66/sh); assignment volume falls 10.1% YoY

## Summary
- GAAP net income $106.3M ($8.66 diluted EPS) vs $64.3M ($5.08) in Q1 2024; adjusted net income $114.8M ($9.35).
- Consumer Loan unit volume fell 10.1% and dollar volume fell 15.5% YoY; active dealers 10,789 (-0.1%).
- Forecasted collection rate decline reduced net cash flows by $20.9M (0.2%); average portfolio balance rose 11% to $7.9B.
- Repurchased 329,000 shares (2.7% of shares outstanding); liquidity of over $2.2B in cash and unused credit lines.
- Operating expenses rose 7.5% to $9.4M increase; interest expense up 24% on higher debt balance.

## SEC filing metadata
- accession: 0000885550-25-000054
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555025000054/0000885550-25-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555025000054/cacc-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-25-000054
- JSON: https://secwatch.observer/filing/0000885550-25-000054.json
- Plain text: https://secwatch.observer/filing/0000885550-25-000054.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.