Quarterly ResultMay 5, 2026, 04:09 PM
Credit Acceptance Q1 Net Income $135.8M, up 27.8%; EPS $12.40, up 43.2%
AI Summary
Credit Acceptance Corporation announced consolidated net income of $135.8 million, or $12.40 per diluted share, for the first quarter of 2026, representing significant year-over-year increases. Adjusted net income also rose to $117.3 million, or $10.71 per diluted share. The company reported progress in reducing volatility in loan forecast changes and moderating unit volume declines, alongside a record number of active dealers and advancements in digital tools.
Key Highlights
- GAAP net income was $135.8 million, a 27.8% increase from Q1 2025.
- GAAP diluted EPS was $12.40, a 43.2% increase from Q1 2025.
- Adjusted net income was $117.3 million, up 2.2% from Q1 2025.
- Adjusted diluted EPS was $10.71, up 14.5% from Q1 2025.
- Consumer Loan assignment unit volume was 95,992, down 4.3% YoY.
- Consumer Loan assignment dollar volume was $1.1 billion, down 4.0% YoY.
- Repurchased 365,258 shares for $178.9 million during the quarter.
- Achieved a record 10,977 active dealers, an increase of 1.7% YoY.
Price Impact
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