Credit Acceptance Corporation filings document the regulatory record for a Nasdaq-listed consumer finance company with common stock registered under the ticker CACC. Its disclosures cover operating results, non-GAAP adjusted income measures, loan portfolio performance, forecasted future collections, dealer holdback payments, and risks tied to the automobile finance market and non-prime consumer credit.
The company's SEC filings also include material-event reports on asset-backed non-recourse secured financings, amendments to loan and security agreements, and trust or special purpose entity structures used to convey consumer loans and issue notes. Proxy materials document board matters, executive compensation, incentive plan information, shareholder voting items, and governance practices, while 8-K filings record officer transitions, Regulation FD materials, and other capital-structure or financing events.
Credit Acceptance Corporation (CACC) reported third-quarter 2026 revenue of $594.6 million, compared with $582.4 million a year earlier, and a net loss of $56.6 million versus net income of $108.2 million. Total provision for credit losses was $410.9 million, compared with $152.0 million, including $281.9 million for forecast changes and $129.0 million for new Consumer Loan assignments. For the nine months ended September 30, 2026, net income was $215.1 million versus $301.9 million; net cash provided by operating activities was $991.8 million versus $785.3 million.
During the third quarter, Credit Acceptance adjusted its methodology for forecasting collections on Consumer Loans assigned from 2022 through 2026. The adjustment reduced forecasted net cash flows by $185.2 million, or 1.5%, and increased provision for credit losses by $143.7 million. The company repurchased 897,371 common shares for $481.9 million during the nine months ended September 30, 2026.
Credit Acceptance Corporation (CACC) reported a consolidated net loss of $56.6 million, or $5.43 per diluted share, for the three months ended September 30, 2026, compared with net income of $108.2 million a year earlier. The loss primarily reflected a 170.3% ($258.9 million) increase in provision for credit losses, including a $193.8 million increase from forecast changes. CACC adjusted its methodology for forecasting future net cash flows; forecasted portfolio net cash flows declined 2.5% ($291.2 million).
Adjusted net income, a non-GAAP measure, was $135.5 million, up 14.9%, and economic profit, also a non-GAAP measure, was $50.7 million, up 17.9%. Consumer Loan assignments increased 37.7% to 110,010 units and 51.0% to $1.4 billion; active dealers reached a record 12,093. CACC repurchased 269,150 shares for $161.6 million, completed a $600.0 million asset-backed financing with its lowest credit spreads since late 2021, and reported $1.2 billion in total liquidity as of September 30, 2026.
Credit Acceptance Corp (CACC) is the issuer in a Rule 144 notice covering the Eidolon Corvid 2024 Trust’s proposed sale of 15,000 common shares, with an aggregate market value of $8,025,000. UBS Financial Services Inc. is named as broker, and October 6, 2026 is the approximate sale date. The sale should be aggregated with sales by Todd Watson as trustee and Jill Foss Watson as trustee of the JFW Living Trust; separate Forms 144 cover aggregate sales of up to 52,737 shares. Todd Watson is identified as trustee and spouse of Jill Foss Watson, a 10 percent holder.
Credit Acceptance Corp. (CACC) is the issuer named in a Rule 144 notice for the Jill Foss Watson Irrevocable Trust’s proposed sale of 14,064 common shares, with an aggregate market value of $7,805,520 and an approximate sale date of September 25, 2026. The notice states that sales by this trust should be aggregated with sales by other trusts; the trusts are filing separate Forms 144 for aggregate sales of up to 92,737 shares.
Credit Acceptance Corp (CACC) reported a proposed sale of 6,105 common shares for the account of Jill Foss Watson 2014 Children's Trust FBO Gwyneth Ellen Watson, with an aggregate market value of $3,388,275 and an approximate sale date of September 25, 2026. Todd Watson is identified as trustee and spouse of Jill Foss Watson, a 10% Holder of CACC.
Credit Acceptance Corp (CACC) is named as issuer in a Rule 144 notice proposing a sale by Jill Foss Watson 2014 Children's Trust FBO Duncan Todd Watson of 5,568 common shares, with an aggregate market value of $3,090,240. UBS Financial Services Inc. is listed as broker, and September 25, 2026 as the approximate sale date. The notice lists 10,380,580 shares outstanding. Todd Watson is identified as trustee and spouse of Jill Foss Watson, a 10% holder. The remarks state that related trusts are filing separate Forms 144 for aggregate sales of up to 92,737 shares.
Credit Acceptance Corp (CACC) reports a proposed sale of 12,000 common shares by the Jill Foss Watson Living Trust, with an aggregate market value of $6,660,000. UBS Financial Services Inc. is listed as the broker, and September 25, 2026 is the approximate sale date. Jill Foss Watson is identified as trustee and a 10% holder of CACC. The trusts are filing separate Forms 144 for aggregate sales of up to 92,737 shares.
Credit Acceptance Corporation (CACC) disclosed amendments to two major funding arrangements that extend their revolving periods to 2028 and adjust interest rates. The company and Credit Acceptance Funding LLC 2019-2 entered into an amendment with Wells Fargo Bank to extend the revolving period of the $500.0 million asset-backed non-recourse secured financing referred to as Term ABS 2019-2, moving the date it will cease to revolve from September 15, 2026 to September 15, 2028, and increasing its interest rate from 5.43% to 5.83%.
Separately, Credit Acceptance and CAC Warehouse Funding LLC II amended their Seventh Amended and Restated Loan and Security Agreement, extending the scheduled amortization date of Warehouse Facility II from September 20, 2027 to September 15, 2028 and reducing pricing on borrowings from SOFR plus 185 basis points to SOFR plus 175 basis points. As of September 15, 2026, the company had $180.0 million outstanding under Warehouse Facility II.
Credit Acceptance Corporation (CACC) has entered into consent judgments with the attorneys general of 40 states and the District of Columbia to resolve previously disclosed litigation and a multistate investigation, with each judgment subject to final court approval in its jurisdiction. The company will pay $15.5 million to the participating attorneys general, $60 million into a consumer relief trust, and provide an estimated $634,000,000 of debt relief by waiving outstanding balances for certain customers with open accounts as of December 1, 2025. These monetary and debt-relief obligations will not require charges beyond amounts already accrued in the company’s financial statements. For five years, Credit Acceptance must implement changes to debt-collection practices for qualifying loans originated after December 1, 2025, and for seven years it must enhance consumer disclosures and related policies around vehicle financing, pricing, and ancillary products. The company states that these requirements are broadly consistent with regulatory expectations and do not fundamentally alter its business model or materially affect its business, while the agreements provide specified releases of related claims, subject to stated exclusions.
CREDIT ACCEPTANCE CORP (CACC) reported that on September 3, 2026 it entered into a separation agreement and general release with former Chief Financial Officer Jay D. Martin, who has been serving as an employee advisor since his CFO tenure ended on July 27, 2026. Under the agreement, Mr. Martin will continue as an unsalaried employee advisor from September 3, 2026 through February 1, 2027, providing about 15 hours of advisory services per month. Credit Acceptance will make a lump-sum pre-tax payment of $4,000 covering his potential COBRA benefit premiums for the term and will provide three months of medical, dental, and vision benefits at no cost to him. Mr. Martin will continue to vest in his existing equity awards during this period under their current vesting schedules, and he has granted a general release of claims in favor of the company.