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AI brief of an SEC Form 8-K · Credit Acceptance (CACC)

Credit Acceptance swings to $56.6 million Q3 net loss on $291.2 million forecast cut

Mixed Impact 4 of 5 earnings

Credit Acceptance reported a GAAP net loss of $56.6 million, or $5.43 per diluted share, for the quarter ended September 30, 2026, compared with net income of $108.2 million, or $9.43 per diluted share, a year earlier. The decline was driven mainly by a $258.9 million increase in provision for credit losses, including $193.8 million tied to a forecasting methodology adjustment, while adjusted net income rose 14.9% to $135.5 million.

Key points

  • GAAP net loss of $56.6 million, or $5.43 per diluted share, versus net income of $108.2 million, or $9.43 per diluted share, in Q3 2025
  • Provision for credit losses rose $258.9 million, including $193.8 million from forecast changes tied to a Q3 2026 methodology adjustment
  • Forecasted net cash flows from the loan portfolio declined $291.2 million, or 2.5%
  • Consumer Loan unit volume rose 37.7% to 110,010 units and dollar volume rose 51.0% to $1.4 billion

The filing

CompanyCredit Acceptance (CACC)
Form8-K, current report
Filed with the SECOct 29, 2026, 4:02 PM ET
Accession number0000885550-26-000200

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.