Credit Acceptance — Third Quarter 2026 Earnings Summary

Credit Acceptance Corporation reported a consolidated net loss of $56.6 million for the third quarter of 2026, contrasting with a net income of $108.2 million in the same period of 2025. Adjusted net income for the quarter rose 14.9% to $135.5 million, driven by a 37.7% increase in consumer loan assignment volume and a 51.0% increase in dollar volume. The company recorded a significant $291.2 million decrease in forecasted net cash flows due to a methodology adjustment reflecting lower collection rates for loans assigned between 2022 and 2026. Despite the GAAP loss, economic profit increased 17.9% to $50.7 million, supported by an adjusted return on capital of 9.9% and a record 12,093 active dealers.