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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.
CREDIT ACCEPTANCE CORP (CACC) received a Rule 144 notice that former director Kenneth S. Booth intends to sell common stock. The notice covers 10,000 shares of common stock to be sold through Fidelity Brokerage Services LLC in connection with a stock option exercise on September 3, 2026, for stock valued at $6,157,500. The notice also lists prior open-market sales of common stock by Booth during the preceding three months.
CREDIT ACCEPTANCE CORP (CACC) is the issuer for a planned insider sale under Rule 144. Kenneth S. Booth, a former director, has filed to sell 2,500 shares of CACC common stock on September 2, 2026, following a stock option exercise for cash, with Fidelity Brokerage Services LLC involved in the transaction.
The notice also reports Booth’s recent sales of CACC common stock over the prior three months: 2,457 shares sold on August 6, 2026 and 3,953 shares sold on August 21, 2026, with disclosed aggregate sale amounts for each transaction.
Credit Acceptance Corporation (CACC) entered into a $600.0 million asset-backed non-recourse secured financing backed by consumer auto loans. Approximately $750.2 million of loans were conveyed to a special purpose entity and then to a trust that issued three note classes: Class A $319.88 million at 5.01%, Class B $117.30 million at 5.29%, and Class C $162.82 million at 5.51%, each priced just below par.
The financing has an expected average annualized cost of about 5.5%, will revolve for 24 months, and then amortize based on loan cash flows. Credit Acceptance plans to use proceeds to repay higher-cost indebtedness and for general corporate purposes4.0% of loan cash flows as a servicing fee, while the remaining 96.0%, net of dealer holdback, will pay note principal, interest, and transaction costs. The debt is non-recourse to Credit Acceptance apart from customary repurchase and indemnification obligations. After this securitization, the company reported about $1.8 billion of unused borrowing capacity on its revolving credit facilities and unrestricted cash.
CREDIT ACCEPTANCE CORP (CACC) is the issuer for a planned sale of its common stock under Rule 144 by former director Kenneth Booth. A notice covers up to 2,500 shares to be sold through Fidelity Brokerage Services LLC, with an aggregate market value of $1,510,000.00 as of August 21, 2026. The securities to be sold are tied to a stock option exercise for cash. The notice also lists Booth’s prior Rule 144 sales over the past three months, including 4,000 shares for $2,296,000.00 on May 29, 2026 and 2,547 shares for $1,512,924.11 on August 6, 2026.
CREDIT ACCEPTANCE CORP (CACC) is the issuer for which Kenneth S. Booth, a former director, has filed a notice of proposed sale of restricted or control securities under Rule 144. The notice covers a planned sale of 1,453 shares of common stock, expected on 08/21/2026, following a stock option exercise through Fidelity Brokerage Services LLC. The filing also lists sales in the prior three months: 4,000 shares of common stock on 05/29/2026 for $2,296,000.00 and 2,547 shares on 08/06/2026 for $1,512,924.11.
Credit Acceptance Corporation has an updated Schedule 13G/A reporting that John P. Neary, acting not individually but solely as co-trustee of the Marital Trust U/A Donald A. Foss Trust dated January 16, 1981, beneficially owns 652,797 shares of the company’s common stock. This represents 6.3% of the outstanding common stock, based on 10,380,580 shares outstanding as of July 23, 2026. All voting and dispositive authority over these shares is reported as shared, with 0 shares reported under Neary’s sole voting or dispositive power.
Kenneth S. Booth has filed a notice of proposed sale of securities, indicating an intention to sell up to 2,547 shares of common stock of CACC through Fidelity Brokerage Services LLC on or after 08/06/2026, in connection with a stock option exercise for cash, with the shares listed on NASDAQ.
The filing also lists prior sales of 4,000 shares of common stock on each of five dates in May 2026 (05/06, 05/14, 05/18, 05/19, and 05/29), each accompanied by stated aggregate sale amounts, including 2,216,000.00 and 2,296,000.00.
Credit Acceptance Corporation reported Q2 2026 revenue of $587.4 million (vs $583.8 million a year earlier) and net income of $135.9 million (vs $87.4 million), with diluted EPS of $12.66. For the first half, revenue was $1,167.4 million and net income $271.7 million.
Net loans receivable were $7,959.2 million as of June 30, 2026, supported by an allowance for credit losses of $3,649.5 million. Operating cash flow reached $656.3 million in the first half, while total debt carried was $6,286.2 million and shareholders’ equity $1,588.9 million.
The company continues to focus on subprime auto finance, with 79.2% of Q2 2026 Consumer Loan unit volume from borrowers with FICO scores below 650 or no score. Loans comprised $8,787.5 million of Dealer Loans and $2,821.2 million of Purchased Loans, under its Portfolio and Purchase Programs.
Credit Acceptance Corporation reported strong second-quarter 2026 results, with GAAP net income of $135.9 million and diluted EPS of $12.66, up from $87.4 million and $7.42 a year earlier. Adjusted net income was $130.1 million, or $12.12 per diluted share. Economic profit rose to $52.6 million, 25.8% higher year over year, as adjusted return on capital improved to 9.8% while the cost of capital remained 7.4%.
Performance was driven by a 13.8% reduction in operating expenses, a 7.8% lower provision for credit losses, and a 9.1% decline in interest expense, partly offset by a higher provision on new Consumer Loan assignments. Finance charges increased 1.0% as higher yields on recent Consumer Loans lifted portfolio returns. The average loan portfolio balance was $8.0 billion, with forecasted net cash flows reduced by $39.1 million, or 0.3%, during the quarter. Consumer Loan unit volume was 84,615, down 1.0%, while dollar volume edged up 0.1% to $1.0 billion, supported by a record 11,004 active dealers and growth from newer dealers.
The company repurchased 262,963 shares (2.5% of beginning shares) for $141.4 million and reported $1.4 billion in liquidity as of June 30, 2026. Management highlighted ongoing progress in its digital-first, AI-enabled strategy, including expanded use of deal optimization tools and AI call-center capabilities.