Quarterly ResultAug 4, 2026, 04:13 PM
Credit Acceptance H1 Net Income $271.7M, EPS $25.04
AI Summary
Credit Acceptance reported strong financial results for the first half of 2026, with net income increasing significantly to $271.7 million and diluted earnings per share reaching $25.04. Total revenue saw a modest increase to $1,167.4 million. The company also generated substantial net cash from operating activities and continued its share repurchase program.
Key Highlights
- Net income for the six months ended June 30, 2026, rose 40.3% to $271.7 million.
- Diluted EPS for the six months increased 55.4% to $25.04.
- Total revenue for the six months grew 1.1% to $1,167.4 million.
- Net cash provided by operating activities was $656.3 million for the six months.
- Repurchased $320.3 million of common stock during the six months.
- Shareholders' equity increased to $1,588.9 million as of June 30, 2026.
- Loans receivable, net, stood at $7,959.2 million as of June 30, 2026.
Price Impact
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