{"schema_version":"secwatch.filing_event.v1","accession":"0000885550-25-000110","form_type":"8-K","ticker":"CACC","cik":"0000885550","company_name":"CREDIT ACCEPTANCE CORP","filed_at":"2025-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.478424+00:00","generated_at":"2026-05-17T03:19:40.977048+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Credit Acceptance reports $12.3B forecasted collections, $4.5B cushion over debt","bullets":["Total forecasted collections of $12.3B as of Sep 30, 2025; cushion of $4.5B after expenses & $6.4B debt.","59 term securitizations totaling $16.6B; structures can withstand 35% decline in forecasted collections before junior bond risk.","Maintained $1.6B available borrowing capacity on revolver facilities as of Sep 30, 2025.","Adjusted advance rates on recent vintages to increase margin of safety; forecasts incorporate post-pandemic underperformance."],"urls":{"canonical":"https://secwatch.observer/filing/0000885550-25-000110","json":"https://secwatch.observer/filing/0000885550-25-000110.json","markdown":"https://secwatch.observer/filing/0000885550-25-000110.md","text":"https://secwatch.observer/filing/0000885550-25-000110.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885550/000088555025000110/0000885550-25-000110-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885550/000088555025000110/cacc-20251020.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:19:40.977048+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}