---
schema_version: "secwatch.filing_event.v1"
accession: "0000885550-26-000079"
form_type: "8-K"
ticker: "CACC"
cik: "0000885550"
company_name: "CREDIT ACCEPTANCE CORP"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:42:11.250059+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Credit Acceptance Q1 GAAP EPS $12.40, adjusted $10.71; loan forecast volatility eases

## Summary
- GAAP net income $135.8M ($12.40/diluted share) vs $106.3M ($8.66) YoY; adjusted net income $117.3M ($10.71).
- Loan assignment unit volume 95,992 (-4.3% YoY); dollar volume $1.1B (-4.0% YoY).
- Forecasted net cash flow decline of $9.1M (0.1%) – smallest quarterly change in three years.
- Repurchased 365,258 shares (3.4% of shares outstanding) for $178.9M.
- Liquidity $1.3B at March 31; record 10,977 active dealers (+1.7% YoY).

## SEC filing metadata
- accession: 0000885550-26-000079
- form_type: 8-K
- ticker: CACC
- cik: 0000885550
- company_name: CREDIT ACCEPTANCE CORP
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885550/000088555026000079/0000885550-26-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885550/000088555026000079/cacc-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885550-26-000079
- JSON: https://secwatch.observer/filing/0000885550-26-000079.json
- Plain text: https://secwatch.observer/filing/0000885550-26-000079.txt

## Key facts
- Earnings Releases
  CREDIT ACCEPTANCE CORP reported three months ended March 31, 2026 results: net income Adjusted net income . . . was $117.3 million, EPS $10.71 per diluted share.
  - Period: three months ended March 31, 2026
  - Net income: Adjusted net income . . . was $117.3 million
  - EPS: $10.71 per diluted share
  - Result: reported results
  source text: million, or $12.40 per diluted share, for the three months ended March 31, 2026. Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2026 was $117.3 million, or $10.71 per diluted share. The following table summarizes our financial results: (In millions, except per share data) For the Three Months Ended March 31, 2026 December 31,
  evidence_url: https://www.sec.gov/Archives/edgar/data/885550/000088555026000079/0000885550-26-000079-index.htm
- Earnings Releases
  CREDIT ACCEPTANCE CORP reported three months ended March 31, 2026 results: net income Adjusted net income . . . was $117.3 million, EPS $10.71 per diluted share.
  - Period: three months ended March 31, 2026
  - Net income: Adjusted net income . . . was $117.3 million
  - EPS: $10.71 per diluted share
  - Result: reported results
  source text: Adjusted net income, a non-GAAP financial measure, for the three months ended March 31, 2026 was $117.3 million, or $10.71 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885550/000088555026000079/0000885550-26-000079-index.htm

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