Quarterly ResultMay 5, 2026, 04:13 PM
Credit Acceptance Q1 Net Income +27.7% to $135.8M; EPS $12.40
AI Summary
Credit Acceptance Corporation reported strong financial results for the first quarter of 2026, with net income increasing significantly by 27.7% to $135.8 million and diluted EPS rising 43.2% to $12.40. This performance was supported by a modest increase in total revenue and a notable decrease in the provision for credit losses. The company also continued its share repurchase program and observed a shift in its consumer loan assignment volume towards the Purchase Program.
Key Highlights
- Net income increased 27.7% to $135.8 million for the three months ended March 31, 2026.
- Diluted earnings per share rose 43.2% to $12.40 for the first quarter of 2026.
- Total revenue grew 1.6% to $580.0 million for the three months ended March 31, 2026.
- Total provision for credit losses decreased 13.8% to $139.6 million.
- The company repurchased $178.9 million of common stock during Q1 2026.
- Purchased Loans accounted for 30.8% of dollar volume in Q1 2026, up from 24.9% in Q1 2025.
- Loans receivable, net, increased to $7,956.4 million as of March 31, 2026.
Price Impact
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