Welcome to our dedicated page for Credit Accep Mich SEC filings (Ticker: CACC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Credit Acceptance Corporation (CACC) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Credit Acceptance is a Michigan corporation whose common stock is listed on The Nasdaq Stock Market under the symbol CACC, as noted in its Form 8-K reports. Through these filings, investors can review how the company describes its automobile-focused Consumer Loan business, funding arrangements, and corporate actions.
Among the key documents available are current reports on Form 8-K, which Credit Acceptance uses to disclose material events. Recent 8-K filings describe asset-backed non-recourse secured financings in which consumer loans are conveyed to special purpose entities and then to trusts that issue notes backed by those loans. These filings outline the structure of the financings, the role of the company as servicer, the treatment of dealer holdback, and the non-recourse nature of the debt to the company, subject to limited recourse obligations.
Other 8-Ks report extensions and amendments to revolving secured warehouse facilities and the company’s revolving secured line of credit facility, including revised dates on which facilities cease to revolve, changes to interest rate spreads over the Secured Overnight Financing Rate (SOFR), and confirmation of whether balances are outstanding. Filings also cover board-authorized share repurchase programs and executive leadership changes, such as the planned retirement of the Chief Executive Officer and the appointment of a new CEO and President.
On Stock Titan, these filings are updated as they are made available on EDGAR, and AI-powered tools can help summarize complex sections, highlight key terms in financing agreements, and clarify the implications of items such as new credit facilities, securitizations, or executive transitions. Users can also identify filings that relate to earnings press releases referenced in Item 2.02 of Form 8-K and track how Credit Acceptance communicates changes in its loan portfolio forecasts and capital structure through its SEC disclosures.
Credit Acceptance Corp (CACC) Chief Marketing and Product Officer Andrew K. Rostami reported a sale of common stock. On 11/24/2025, he sold 516 shares of common stock at $428.5 per share. After this transaction, he beneficially owns 24,479 shares of common stock, which include 22,572 unvested restricted stock units granted under the company’s incentive plan.
Rostami also holds an employee stock option giving him the right to purchase 16,000 shares of common stock at an exercise price of $585.93 per share. This option vests in four equal annual installments beginning on April 18, 2023 and expires on April 18, 2028.
Credit Acceptance Corporation entered into a new $500.0 million asset-backed non-recourse secured financing backed by consumer auto loans. The company transferred approximately $625.2 million of consumer loans into a special purpose entity and trust, which issued three note classes: Class A $284.61 million at 4.50%, Class B $104.57 million at 4.87%, and Class C $110.82 million at 5.38%, each sold slightly below par. The financing is expected to have an average annualized cost of about 5.1%, will revolve for 24 months, and then amortize with loan cash flows.
The company plans to use proceeds to repay higher-cost debt and for general corporate purposes. Credit Acceptance will service the loans and receive 4.0% of the loan cash flows as a servicing fee, with the remaining 96.0% primarily paying note principal, interest, and related costs. The securitization is non-recourse to the company other than customary limited repurchase and indemnity obligations, and can be accelerated upon specified events of default tied to payment failures, covenant breaches, collateral performance, and certain legal or structural issues.
Credit Acceptance Corp (CACC) reported an equity award to its Chief Executive Officer, who is also a director. On 11/13/2025, the executive acquired 140,000 shares of common stock in the form of restricted stock units under the company’s Incentive Compensation Plan at a price of $0 per share. Following this transaction, the executive beneficially owned 140,502 shares, including 140,471 unvested restricted stock units, each equal to one share of common stock.
The award is part of a long-term compensation plan with time-based vesting over ten years, including 30,000 long-term retirement restricted stock units. Vested retirement units are paid on the fifth anniversary of the executive’s separation date, or the second anniversary if the executive is at least 60 at that time. The filing also discloses an employee stock option for 10,000 shares of common stock at an exercise price of $394.79, exercisable from 05/03/2025 until 05/03/2031.
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.