Quarterly ResultAug 4, 2026, 04:10 PM
Credit Acceptance Q2 GAAP EPS $12.66, Net Income +55.5%
AI Summary
Credit Acceptance Corporation announced strong financial results for the second quarter of 2026, with GAAP net income increasing 55.5% to $135.9 million and diluted EPS rising 70.6% to $12.66. Adjusted net income also saw a 10.0% increase to $130.1 million. The company reported consistent loan portfolio balances, a slight decline in consumer loan unit volume which returned to year-over-year growth in June, and significant progress in its digital-first, AI-enabled strategy, including a record number of active dealers.
Key Highlights
- GAAP net income increased 55.5% to $135.9 million for Q2 2026.
- GAAP diluted EPS rose 70.6% to $12.66 for Q2 2026.
- Adjusted net income grew 10.0% to $130.1 million, with adjusted diluted EPS up 20.6% to $12.12.
- Economic profit increased 25.8% to $52.6 million for the quarter.
- Repurchased 262,963 shares for $141.4 million, representing 2.5% of outstanding shares.
- Consumer Loan assignment unit volume declined 1.0%, while dollar volume grew 0.1% to $1.0 billion.
- Enrolled 1,456 new dealers, reaching a record 11,004 active dealers.
- AI-enabled call center agent handled 67% of inbound customer service calls in June.
Price Impact
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