Credit Accep Corp Mich SEC Filings

Credit Acceptance (CACC) reported an insider equity update. Chief Marketing and Product Officer Andrew K. Rostami recorded a tax-withholding transaction related to RSU vesting, disposing of 483.5 shares at $447.34 on 10/31/2025 (Code F).

After the transaction, he beneficially owns 24,995 shares. This figure includes 22,572 unvested RSUs granted under the company’s Incentive Compensation Plan. He also holds an employee stock option for 16,000 shares with a $585.93 exercise price, expiring on 04/18/2028, which vests in four equal annual installments beginning April 18, 2023.

Credit Acceptance Corporation reported stronger results for Q3 2025. Total revenue was $582.4 million, up from $550.3 million a year ago, driven mainly by higher finance charges of $539.4 million. Net income rose to $108.2 million from $78.8 million, with diluted EPS of $9.43 versus $6.35. Operating expenses were $146.6 million, while the total provision for credit losses decreased to $152.0 million from $184.7 million.

Year to date, revenue reached $1,737.3 million and net income was $301.9 million. The company repurchased 1,089,033 shares for $531.3 million over nine months, including 230,365 shares for $107.2 million in Q3. Cash and cash equivalents were $15.9 million as of September 30, 2025, and Loans receivable, net were $7,975.5 million. The allowance for credit losses was $3,588.2 million against Loans receivable of $11,563.7 million. The company issued $500.0 million of senior notes and repaid $400.0 million. Shares outstanding were 11,031,544 as of October 23, 2025.

Credit Acceptance Corporation furnished an 8-K announcing its financial results for the three months ended September 30, 2025, and provided details for a related webcast held on October 30, 2025. The company disclosed this under Item 2.02 (Results of Operations and Financial Condition).

The press release containing the results is attached as Exhibit 99.1 and incorporated by reference. The company stated the information furnished under Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act.

Credit Acceptance (CACC) reported insider activity by its Chief Technology Officer. On 10/24/2025, the officer had 1,269.5 common shares withheld at $506.56 per share to satisfy tax obligations upon the vesting and settlement of restricted stock units.

Following the transaction, the officer beneficially owned 27,317.62 common shares. This figure includes 23,458 unvested RSUs granted under the company’s Incentive Compensation Plan, each representing one share. The officer also holds an employee stock option for 16,000 shares at an exercise price of $424.12, vesting in four equal annual installments beginning on October 24, 2023, and expiring on October 24, 2028.

Credit Acceptance Corporation announced a planned CEO transition. Kenneth S. Booth will retire as an officer after a Transition Period from November 13, 2025 through January 31, 2026, then cease employment. The Board appointed director Vinayak R. Hegde to succeed him as Chief Executive Officer and President effective November 13, 2025.

Hegde’s compensation includes a $1,100,000 annual base salary, a one-time $500,000 signing bonus, and a one-time grant of 140,000 Restricted Stock Units vesting in ten equal annual installments from the grant date, subject to continuous employment. He is eligible for severance equal to one-times annual base salary under specified conditions. Both Booth and Hegde are expected to continue serving as directors.

Form 144 notice shows a proposed sale of 20,000 shares of common stock through Goldman Sachs & Co. LLC with an aggregate market value of $9,857,400. The shares represent founder stock acquired on 07/19/1972 and are split into two entries of 10,000 shares each, both described as issued for services rendered. The filing lists 11,237,661 shares outstanding, and the approximate sale date is 10/09/2025. The filer certifies they are not aware of undisclosed material adverse information and indicates no sales of these securities in the past three months.

Credit Acceptance Corporation filed an Form 8-K reporting a status update on its share repurchase program. The filing states that, as of September 29, 2025, there were 190,018 shares remaining under the prior repurchase authorization. No other financial data, transaction details, or management commentary is included in the provided text.

Kenneth Booth, CEO and Director of Credit Acceptance Corporation (CACC), reported transactions on Form 4 showing option exercises and a sale on 09/18/2025. He exercised 4,000 employee stock options with a $333.94 exercise price, which resulted in acquisition of 4,000 shares. On the same date he sold 4,000 shares at $506.59 each, reducing his reported beneficial ownership from 72,116 to 68,116 shares. The filing also shows he holds outstanding employee stock options exercisable through 12/30/2026 for 4,000 shares and an option covering 110,000 shares (exercisable in scheduled installments through 04/28/2031). The report notes 57,104 unvested restricted stock units included in the holdings.