secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0000885550-26-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credit Acceptance Q4 GAAP EPS $10.99; net income down 20% YoY; sets $75.5M legal reserve
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- GAAP net income $122.0M ($10.99/sh) vs $151.9M ($12.26) in Q4 2024; adjusted net income $126.0M ($11.35/sh), flat YoY.
- Loan unit volume 71,731 (-9.1% YoY); dollar volume $821.3M (-11.3% YoY); active dealers 9,863 (-2.8%).
- Contingent legal loss of $35.8M in Q4; cumulative $82.6M; potential settlement of $75.5M with states/NY AG.
- Repurchased 425,000 shares (3.8% of shares outstanding) for $191.4M in Q4.
- Forecasted collection rates declined $34.2M (0.3%); average loan balance $7.9B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555026000009/0000885550-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555026000009/cacc-20260129.htm
  HTML page:      https://secwatch.observer/filing/0000885550-26-000009

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