CACC CREDIT ACCEPTANCE CORP
Price Chart
Executive Summary
Credit Acceptance reported Q1 2026 GAAP EPS of $12.40 ($135.8M net income) vs $8.66 a year ago, and adjusted EPS of $10.71 vs consensus $10.61 (slight beat). Revenue of $580.0M was in line with $580.8M consensus but up 1.6% YoY. Loan volumes declined 4.3%, but forecasted net cash flow declines moderated to $9.1M (0.1%), the smallest quarterly drop in three years. The results are mixed: strong GAAP earnings growth driven by lower credit provisions, but adjusted earnings only rose 2.2% and volumes remain under pressure.
Actionable Insight
Watch for continued loan volume trends and credit quality in upcoming quarters; the moderation in forecast declines is positive but not yet a clear inflection. No formal guidance was provided, so the market will focus on operating expense growth (up 4.2%) and the trajectory of unit volumes.
Key Facts
- GAAP net income $135.8M, diluted EPS $12.40 vs $8.66 YoY
- Adjusted net income $117.3M, adjusted EPS $10.71 vs consensus $10.61
- Total revenue $580.0M, +1.6% YoY (consensus $580.8M)
- Loan assignment unit volume -4.3%, dollar volume -4.0% YoY
- Forecasted net cash flows declined $9.1M (0.1%), smallest quarterly drop in 3 years
- Share repurchases: 365,258 shares for $178.9M
- Record 10,977 active dealers in the quarter
Financial Impact
Revenue flat YoY, adjusted net income up 2.2%, GAAP net income up 27.8% due to lower credit provisions
Risk Factors
- Continued decline in loan assignment volumes (unit volume down for 5 consecutive quarters)
- Consumer credit deterioration could increase provision for credit losses
- Legal contingencies (cumulative $82.6M recognized) remain unresolved
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000885550-26-000079 |
| Document: cacc-20260505.htm | 0000885550-26-000079 |
| Document: 0000885550-26-000079-index-headers.html | 0000885550-26-000079 |
| Document: 0000885550-26-000079-index.html | 0000885550-26-000079 |
| Document: 0000885550-26-000079.txt | 0000885550-26-000079 |
| 8-K Data (Synthetic) | 0000885550-26-000079 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 10, 2026
2d ago
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8-K
| $556.89 awaiting T+1 | awaiting T+1 | — | $548.15 (−1.57%) |
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Jun 10, 2026
2d ago
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Insider Cluster
| $556.89 awaiting T+1 | awaiting T+1 | — | $548.15 (−1.57%) |
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Jun 10, 2026
2d ago
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Insider Cluster
| $556.89 awaiting T+1 | awaiting T+1 | — | $548.15 (−1.57%) |
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Jun 2, 2026
10d ago
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Insider Cluster
| $537.49 $545.41 | ▲ +1.47% | ▲ +1.07% | $548.15 (+1.98%) |
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May 20, 2026
23d ago
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Insider Cluster
| $544.66 $545.07 | ▲ +0.08% | ▼ −0.37% | $548.15 (+0.64%) |
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May 20, 2026
23d ago
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Insider Cluster
| $544.66 $545.07 | ▲ +0.08% | ▼ −0.37% | $548.15 (+0.64%) |
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May 6, 2026
5w ago
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Insider Cluster
| $535.32 $518.60 | ▼ −3.12% | ▼ −2.79% | $548.15 (+2.40%) |
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May 6, 2026
5w ago
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Insider Cluster
| $535.32 $518.60 | ▼ −3.12% | ▼ −2.79% | $548.15 (+2.40%) |
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May 6, 2026
5w ago
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Insider Cluster
| $535.32 $518.60 | ▼ −3.12% | ▼ −2.79% | $548.15 (+2.40%) |
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May 5, 2026
5w ago
|
8-K
| $535.32 $518.60 | ▼ −3.12% | ▼ −2.79% | $548.15 (+2.40%) |
US Market Status
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