Earnings Releases·Oct 29, 2026, 4:02 PM ET

Credit Acceptance — Third Quarter 2026 Earnings Summary

Consolidated net loss of $56.6 million ($5.43/share) reversed prior year's net income of $108.2 million ($9.43/share), while adjusted net income rose 14.9% to $135.5 million ($13.01/share) and economic profit increased 17.9% to $50.7 million ($4.87/share).
Provision for credit losses surged 170.3% to $410.9 million due to forecast changes and new assignments, driving the GAAP loss despite total revenue growing 2.1% to $594.6 million and operating expenses falling 9.7% to $132.4 million.
Consumer loan assignment volume jumped 37.7% in units to 110,010 and 51.0% in dollars to $1.4 billion, supported by a record 12,093 active dealers, though forecasted net cash flows from the portfolio declined 2.5% following a methodology adjustment.
Capital return and financing activities included $161.6 million in share repurchases (2.6% of shares), a record $600.0 million asset-backed financing, and total liquidity of $1.2 billion; no specific forward guidance was provided.