Credit Acceptance Announces Third Quarter 2026 Results

Southfield, Michigan, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced a consolidated net loss of $56.6 million, or $5.43 per diluted share, for the three months ended September 30, 2026, compared to consolidated net income of $108.2 million, or $9.43 per diluted share, for the same period in 2025. Adjusted net income, a non-GAAP financial measure, for the three months ended September 30, 2026 was $135.5 million, or $13.01 per diluted share, compared to $117.9 million, or $10.28 per diluted share, for the same period in 2025.

Third Quarter 2026 Additional Financial Highlights * Economic profit, a non-GAAP financial measure, was $50.7 million, or $4.87 per diluted share, compared to $43.0 million, or $3.75 per diluted share, in the third quarter of 2025. * Consumer Loan assignment volume reached 110,010 units and $1.4 billion, up 37.7% and 51.0%, respectively, compared to the third quarter of 2025, while unit volume per active dealer increased by 15.2% compared to the third quarter of 2025. * Forecasted net cash flows from our loan portfolio declined 2.5% ($291.2 million), compared to a decline of 0.5% ($58.6 million) in the third quarter of 2025, primarily reflecting the impact of an adjustment to our methodology for forecasting the amount of future net cash flows. * Average balance of our loan portfolio increased to $8.1 billion, up 1.1% compared with the third quarter of 2025. * Share repurchases totaled 269,150 shares (2.6% of the shares outstanding at the beginning of the quarter) for an aggregate cost of $161.6 million. * Total liquidity stood at $1.2 billion as of September 30, 2026. Additionally, we completed a $600.0 million asset-backed financing, matching the largest asset-backed financing in our history and achieved our lowest credit spreads since late 2021. “During the third quarter, Consumer Loan unit and dollar volume grew 38% and 51%, respectively, both economic profit and adjusted net income experienced double-digit growth, and the number of active dealers reached an all-time high,” said Vinayak Hegde, Chief Executive Officer. “One of the most encouraging aspects of this growth is that rather than relying on a single lever, our momentum is driven by our four-pronged strategy of customer obsession, segmentation, leveraging data and AI, and disciplined operating rhythms and practices. We believe execution of this strategy strengthens our forecasting, pricing, and operating processes and positions the Company to make more informed capital-allocation decisions.”