Credit Acceptance Corporation reports developments tied to its consumer automobile finance business, which provides financing programs through a nationwide network of automobile dealers. The company focuses on enabling dealers to sell vehicles to consumers regardless of credit history, with revenue tied primarily to finance charges, servicing fees, reinsurance premiums on vehicle service contracts, and other fees.
Recurring CACC news includes quarterly earnings, adjusted net income measures, loan portfolio performance, forecasted collections, dealer and consumer product initiatives, executive appointments, and asset-backed non-recourse secured financings. Company updates also address digital credit applications, franchise dealer experience, consumer self-service tools, and capital transactions that use special purpose entities and trusts to fund conveyed consumer loans.
Credit Acceptance (Nasdaq: CACC) reported GAAP net income of $135.8 million and GAAP diluted EPS of $12.40 for Q1 2026; adjusted net income was $117.3 million ($10.71 per diluted share).
Key metrics: $7.9 billion average loan portfolio, consumer loan unit volume of 95,992 (down 4.3%), forecasted net cash flows down $9.1 million (-0.1%), repurchased 365,258 shares (3.4%) for $178.9 million, and 10,977 active dealers.
Credit Acceptance (Nasdaq: CACC) completed a $450.0 million asset-backed, non-recourse secured financing on May 5, 2026. The company conveyed loans valued at approximately $562.6 million to a special purpose entity that will issue three note classes.
Notes: Class A $248.75M (2.50 years, 4.65%), Class B $91.32M (3.20 years, 4.96%), Class C $109.93M (3.62 years, 5.28%). Expected average annualized cost ~5.2%. Financing revolver: 24 months, then amortizes. Proceeds to repay higher-cost indebtedness and for general corporate purposes; company retains 4.0% of loan cash flows for servicing.
Credit Acceptance (Nasdaq: CACC) will release first quarter 2026 earnings after market close on Tuesday, May 5, 2026, with a live webcast at 5:00 p.m. ET. Telephone participants must pre-register to ask questions and will receive a dial-in and unique PIN. A replay and transcript will be archived on the investor relations website.
Credit Acceptance (Nasdaq: CACC) appointed Robert Bourrier as Chief Sales Officer effective April 27, 2026. Mr. Bourrier brings 25+ years of sales and commercial leadership and will lead the national sales organization to scale revenue, strengthen operating rhythms, and develop sales talent across the dealer network.
The company noted the role supports disciplined growth and closer alignment with enterprise strategy while cautioning that forward-looking statements remain subject to risks and uncertainties.
Credit Acceptance (Nasdaq: CACC) was named a 2026 USA Today Top Workplaces award winner on April 9, 2026, marking its sixth consecutive year on the list and a #4 ranking in the 1,000–2,499 employee category.
The company also earned recognition in the Well-Being specialty category, emphasizes a remote-first culture (nearly 95% remote), and cites employee engagement and PRIDE values as drivers of workplace performance.
Credit Acceptance (Nasdaq: CACC) was named No. 18 on Fortune's 2026 100 Best Companies to Work For, its highest ranking ever and the company's 12th appearance on the list. The Company reported 95% of team members agree it is a great place to work and highlighted remote work and PRIDE values.
Credit Acceptance cited prior workplace accolades and noted Great Place To Work based the list on confidential employee surveys collected in 2025.
Credit Acceptance (Nasdaq: CACC) appointed Steffen Schumann as Chief Business Officer, effective March 19, 2026. In this newly created role he will lead enterprise business planning, pricing strategy, advanced analytics, and dealer scorecarding to strengthen unit economics and performance management.
According to the company, Schumann brings more than two decades of experience at Deutsche Telekom and T‑Mobile, and his hire accompanies management commentary that forecasted collection rates were stable for the two months ended February 28, 2026.
Credit Acceptance (Nasdaq: CACC) reported consolidated GAAP net income of $122.0 million, or $10.99 per diluted share, for Q4 2025 and adjusted net income of $126.0 million, or $11.35 per diluted share. Key items: $7.9 billion average loan portfolio, $191.4 million share repurchases (~425,000 shares), $34.2 million reduction in forecasted net cash flows, $35.8 million contingent loss excluded from adjusted results, and $1.7 billion in cash and available credit.
Credit Acceptance (Nasdaq: CACC) expects to issue its fourth quarter 2025 earnings release on Thursday, January 29, 2026, after market close.
A live webcast to discuss fourth quarter 2025 results is scheduled for Thursday, January 29, 2026 at 5:00 p.m. Eastern Time. Telephone participants must pre-register to ask questions and will receive a dial-in number and unique PIN; webcast-only listeners may view the live stream via the company’s Investor Relations website. A replay and transcript will be archived on the Investor Relations site. For investor inquiries, contact Jay Brinkley, Senior Vice President & Treasurer, at the provided phone number or email.
Credit Acceptance (Nasdaq: CACC) announced an amendment extending its $100.0 million asset-backed non-recourse secured financing (Term ABS 2021-1). The financing's revolve stop date was extended from February 17, 2026 to January 18, 2028. The borrowing spread was reduced from SOFR + 220 bps to SOFR + 140 bps, with no other material term changes.
The company reiterated its business description and provided investor contact details.