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 reported higher profitability for the quarter ended March 31, 2026. Total revenue was $580.0 million compared with $571.1 million a year earlier, driven mainly by finance charges of $538.4 million.
Net income increased to $135.8 million from $106.3 million, with basic earnings per share rising to $12.64 from $8.79, helped by lower provision for credit losses of $139.6 million and slightly lower interest expense. Operating expenses were broadly stable.
Loans receivable totaled $11,578.5 million with an allowance for credit losses of $3,622.1 million, and net loans of $7,956.4 million. Cash from operating activities was strong at $346.8 million. The company continued to return capital, repurchasing $178.9 million of common stock, and ended the period with total debt principal of $6,438.0 million and shareholders’ equity of $1,514.1 million.
Credit Acceptance reported strong first quarter 2026 results, with GAAP net income of $135.8 million and diluted EPS of $12.40, up 27.8% and 43.2% from the prior year. Adjusted net income was $117.3 million, or $10.71 per diluted share, modestly above 2025, while economic profit rose 17.8% to $41.6 million.
Performance was driven by a 13.8% reduction in the provision for credit losses, higher finance charges as newer loans carried higher yields, and a 5.5% decline in interest expense, partly offset by a 4.2% increase in operating costs. Loan portfolio average balance held at $7.9 billion, consumer loan assignment volume fell 4.3% by units, and forecasted net cash flows from the portfolio declined only 0.1%, the smallest quarterly change in three years.
The company repurchased 365,258 shares (about 3.4% of beginning shares) for $178.9 million and ended the quarter with $1.3 billion in liquidity, while expanding its dealer network to a record 10,977 active dealers and increasing adoption of AI-enabled servicing and digital tools.
Credit Acceptance Corporation is asking shareholders to vote at its June 10, 2026 annual meeting on three main items: electing six directors, approving executive pay on an advisory basis, and ratifying Grant Thornton LLP as independent auditor for 2026.
As of April 14, 2026, the company had 10,423,177 common shares outstanding, with several large holders owning more than 5%, including Allan V. Apple at 21.5% and Prescott General Partners LLC and affiliates at 21.2%. The Board is led by independent Chair and Lead Director Thomas N. Tryforos, and all key committees consist of independent directors.
Executive pay is centered on a 10-year equity program that grants large restricted stock unit awards with long vesting and delayed settlement to encourage long-term share ownership. In 2025, new CEO Vinayak R. Hegde received 140,000 RSUs valued at $61.6 million plus a $500,000 signing bonus and $1.1 million base salary. The disclosed 2025 CEO pay ratio is 641:1 versus the median employee, driven mainly by this long-term equity grant.
Credit Acceptance Corp ten percent owner Jill Foss Watson reported a series of open-market sales of 9,450 shares of common stock on April 21, 2026. The trades were executed at weighted-average prices within ranges from $527.43 to $543.00 per share. The shares are held indirectly through the Jill Foss Watson Living Trust.
Credit Acceptance Corp director Kenneth Booth reported an option exercise and related share sale. He exercised employee stock options to acquire 4,000 shares of common stock at $333.94 per share and sold 4,000 common shares in an open-market transaction at $534.00 per share.
After these transactions, Booth directly holds 22,831.9 shares of common stock. He also retains employee stock options over 110,000 underlying common shares with a $390.39 exercise price that expire on January 31, 2028.
CREDIT ACCEPTANCE CORP Chief Operating Officer Jonathan Lum exercised stock options and sold shares on the same day. He exercised options to acquire 3,000 shares of common stock at $333.94 per share, then executed an open-market sale of 3,000 shares at $535.00 per share. After these transactions, he directly holds 31,608.6 common shares and 28,500 employee stock options remain outstanding.
CREDIT ACCEPTANCE CORP Chief People Officer Wendy A. Rummler exercised stock options and sold shares of common stock. She exercised 4,062 shares via options at an exercise price of $333.94 per share, then sold 4,062 shares in open-market transactions at prices between about $525 and $528 per share. After these transactions, she directly holds 19,547.1 shares of common stock and retains stock options covering 1,250 shares at $390.39 and 10,000 shares at $468.67 per share. Additional indirect holdings are reported through revocable trusts associated with her and her spouse.
Credit Acceptance Corp Chief Marketing and Product Officer Andrew K. Rostami reported a routine tax-related share disposition. On the reported date, 473.5 shares of common stock were withheld at $527.56 per share to satisfy tax obligations tied to vesting and settlement of restricted stock units, not an open‑market sale.
After this withholding, Rostami directly held 23,090.9 shares of common stock. He also held an employee stock option over 16,000 underlying common shares with an exercise price of $585.93 per share, expiring in 2028, showing a substantial remaining equity position.
CREDIT ACCEPTANCE CORP Chief Financial Officer Martin Jay reported mixed insider activity in common stock and options. On April 17, 2026, he sold a total of 3,000 shares of common stock in open-market transactions at weighted average prices around $525–$528 per share. He also exercised stock options to acquire 3,000 shares of common stock at an exercise price of $333.94 per share. Following these transactions, he directly held about 25,963.1 shares of common stock and retained an employee stock option covering 2,250 underlying shares at an exercise price of $390.39 expiring in 2027.