secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000885550-25-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555025000054/0000885550-25-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555025000054/cacc-20250430.htm
  HTML page:      https://secwatch.observer/filing/0000885550-25-000054

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