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Credit Acceptance Corporation reported third-quarter economic profit of $50.7 million, up 18% year-over-year, with loan unit volume up 38% and dollar volume up 51%. It reduced forecasted net cash flows by 2.5%, or $291 million, and incurred a GAAP net loss of $56.6 million.
Credit Acceptance Corp reported a $56.6 million net loss versus $108.2 million net income, primarily due to higher credit-loss provisions after a forecasting adjustment reduced future net cash flows by $291.2 million.
Credit Acceptance Corporation reported a $56.6 million consolidated net loss, or $5.43 per diluted share, for the three months ended September 30, 2026; adjusted net income was $135.5 million, or $13.01 per diluted share. Consumer Loan volume rose 37.7% and 51.0%.
Credit Acceptance Corporation extended its $500.0 million Term ABS 2019-2 revolving period to September 15, 2028 and increased its interest rate from 5.43% to 5.83%.
