Earnings summaries and quarterly performance for CREDIT ACCEPTANCE.
Executive leadership at CREDIT ACCEPTANCE.
Vinayak R. Hegde
Detailed
Chief Executive Officer and President
CEO
Andrew K. Rostami
Detailed
Chief Marketing and Product Officer
Arthur L. Smith
Detailed
Chief Analytics Officer
Daniel A. Ulatowski
Detailed
Chief Sales Officer
Douglas W. Busk
Detailed
Chief Treasury Officer
Erin J. Kerber
Detailed
Chief Legal Officer, Chief Compliance Officer and Secretary
Jay D. Martin
Detailed
Chief Financial Officer
Jonathan L. Lum
Detailed
Chief Operating Officer
Nicholas J. Elliott
Detailed
Chief Alignment Officer
Ravi Mohan
Detailed
Chief Technology Officer
Wendy A. Rummler
Detailed
Chief People Officer
Board of directors at CREDIT ACCEPTANCE.
Research analysts who have asked questions during CREDIT ACCEPTANCE earnings calls.
John Rowan
Janney Montgomery Scott
5 questions for CACC
Also covers: ECPG, ENVA, FCFS +5 more
Moshe Orenbuch
TD Cowen
5 questions for CACC
Also covers: AER, AFRM, AL +11 more
Robert Wildhack
Autonomous Research
3 questions for CACC
Also covers: AFRM, ALLY, AXP +6 more
Kyle Joseph
Jefferies
2 questions for CACC
Also covers: AFRM, CRMT, ENVA +14 more
John Hecht
Jefferies
1 question for CACC
Also covers: AFRM, ARCC, COF +21 more
Jordon Hymowitz
Philadelphia Financial
1 question for CACC
Also covers: AGO, CXW, GEO +2 more
Ryan Shelley
Bank of America
1 question for CACC
Also covers: BFH, NAVI, PFSI
Recent press releases and 8-K filings for CACC.
Credit Acceptance Completes $500 Million Asset-Backed Financing
CACC
Debt Issuance
- Credit Acceptance Corporation completed a $500.0 million asset-backed non-recourse secured financing on November 13, 2025.
- This financing involved conveying $625.2 million in consumer loans to a wholly owned special purpose entity.
- The financing issued three classes of notes: Class A for $284,610,000 at 4.50% interest, Class B for $104,570,000 at 4.87% interest, and Class C for $110,820,000 at 5.38% interest.
- The expected average annualized cost of the financing is approximately 5.1%, including upfront fees and other costs, and the proceeds will be used to repay higher cost outstanding indebtedness and for general corporate purposes.
- This transaction represents the company's 60th term securitization since 1998 and its lowest-cost ABS transaction since late 2021.
Nov 19, 2025, 9:02 PM
Credit Acceptance Completes $500 Million Asset-Backed Financing
CACC
Debt Issuance
New Projects/Investments
- Credit Acceptance Corporation (CACC) completed a $500.0 million asset-backed non-recourse secured financing on November 13, 2025, by conveying loans valued at approximately $625.2 million.
- The financing has an expected average annualized cost of approximately 5.1% and will be used to repay higher cost outstanding indebtedness and for general corporate purposes.
- This transaction represents Credit Acceptance's 60th term securitization since 1998 and its lowest-cost ABS transaction since late 2021.
- Following the financing, the company maintains approximately $2.0 billion in unused and available borrowing capacity on its revolving credit facilities and unrestricted cash.
Nov 13, 2025, 9:02 PM
Credit Acceptance Corporation Reports Q3 2025 Results, Announces CEO Retirement
CACC
Earnings
CEO Change
Legal Proceedings
- Credit Acceptance Corporation's loan performance declined in Q3 2025, with 2022, 2023, and 2024 vintages underperforming expectations, resulting in a 0.5% or $59 million decline in forecasted net cash flows. Despite this, the adjusted loan portfolio reached a record high of $9.1 billion, an increase of 2% from Q3 2024.
- The company's market share in its core subprime auto financing segment decreased to 5.1% for the first eight months of 2025, down from 6.5% in the same period of 2024. This decline, along with reduced unit and dollar volumes, was attributed to a Q3 2024 scorecard change and increased competition.
- CEO Ken Booth announced his retirement after 22 years with Credit Acceptance Corporation, effective after the Q3 2025 earnings call. He will continue to serve as a board member, and current board member Vinayak will transition into a new role.
- General and Administrative (G&A) expense for Q3 2025 included an additional $15 million contingent legal loss, following a $23.4 million contingent legal loss in Q2 2025. The company has just over 2 million shares authorized for repurchase, and its adjusted leverage is at the high end of its historical two to three times adjusted debt to equity range.
Oct 30, 2025, 9:00 PM
Credit Acceptance Reports Q3 2025 Results, Announces CEO Retirement
CACC
Earnings
CEO Change
Legal Proceedings
- Credit Acceptance Corporation reported a 0.5% or $59 million decline in forecasted net cash flows for Q3 2025, with loan performance declining for the 2022, 2023, and 2024 vintages, while the 2025 vintage exceeded expectations.
- The company's loan portfolio reached a record high of $9.1 billion on an adjusted basis, up 2% from Q3 2024, despite a decline in unit and dollar volumes and a decrease in market share to 5.1% for the first eight months of the year from 6.5% in the same period of 2024.
- Ken Booth, CEO, announced his retirement after 22 years with the company, and a board member, Vinayak, will transition into a new role.
- Credit Acceptance incurred an additional $15 million contingent legal loss in Q3 2025, following a $23.4 million loss in Q2 2025, and has just over 2 million shares authorized for repurchase.
- The company maintains $1.6 billion in unused revolving credit facility availability and is currently marketing an ABS deal with strong demand, even as adjusted leverage is at the high end of its historical 2x to 3x adjusted debt to equity range.
Oct 30, 2025, 9:00 PM
Credit Acceptance Corporation Reports Q3 2025 Results and CEO Retirement
CACC
Earnings
CEO Change
Legal Proceedings
- Credit Acceptance Corporation reported a decline in loan performance for its 2022, 2023, and 2024 vintages, leading to a 0.5% or $59 million decrease in forecasted net cash flows for Q3 2025.
- Despite a decline in unit and dollar volumes, the loan portfolio reached a record high of $9.1 billion, up 2% from the prior year, while market share in its core segment decreased to 5.1% for the first eight months of the year.
- CEO Ken Booth announced his retirement after 22 years with the company, and will continue to serve as a board member, with Vinayak transitioning into the new role.
- The company recorded an additional $15 million contingent legal loss in Q3 2025, following a $23.4 million loss in Q2 2025, and has just over 2 million shares authorized for repurchase.
Oct 30, 2025, 9:00 PM
Credit Acceptance Corporation Announces Q3 2025 Results
CACC
Earnings
Share Buyback
Demand Weakening
- Credit Acceptance Corporation reported GAAP net income of $108.2 million, or $9.43 per diluted share, and adjusted net income of $117.9 million, or $10.28 per diluted share, for the three months ended September 30, 2025.
- The average balance of the loan portfolio increased 3.9% to $8.0 billion from the third quarter of 2024, but forecasted collection rates decreased forecasted net cash flows from the loan portfolio by $58.6 million, or 0.5%.
- Consumer Loan assignment unit volume declined 16.5% and dollar volume declined 19.4% in Q3 2025 compared to the same period in 2024.
- Economic profit decreased 8.7% to $43.0 million for Q3 2025 compared to Q3 2024, and the company repurchased approximately 230,000 shares for $107.4 million.
Oct 30, 2025, 8:04 PM
Credit Acceptance Extends Revolving Secured Warehouse Facility
CACC
Debt Issuance
- Credit Acceptance Corporation extended its $200.0 million revolving secured warehouse facility.
- The revolving period for the facility was extended from September 21, 2026 to September 19, 2028.
- The interest rate on borrowings under the facility was decreased from the Secured Overnight Financing Rate (SOFR) plus 225 basis points to SOFR plus 185 basis points.
- As of September 19, 2025, Credit Acceptance Corporation did not have a balance outstanding under the facility.
Sep 24, 2025, 8:02 PM
Quarterly earnings call transcripts for CREDIT ACCEPTANCE.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more
Let Fintool AI Agent track CREDIT ACCEPTANCE's earnings for you
Get instant analysis when filings drop