secwatch.observer — SEC 8-K summary
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Issuer:     CREDIT ACCEPTANCE CORP (CACC)
CIK:        0000885550
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0000885550-26-000079
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credit Acceptance Q1 GAAP EPS $12.40, adjusted $10.71; loan forecast volatility eases
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885550/000088555026000079/0000885550-26-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885550/000088555026000079/cacc-20260505.htm
  HTML page:      https://secwatch.observer/filing/0000885550-26-000079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer