Quarterly ResultAug 4, 2026, 04:06 PM
Credit Acceptance Q2 Net Income $135.9M; EPS $12.66
AI Summary
Credit Acceptance Corporation announced strong second-quarter 2026 results, with GAAP net income rising 55.5% to $135.9 million and diluted EPS increasing 70.6% to $12.66. Adjusted net income also grew 10.0% to $130.1 million, with adjusted diluted EPS up 20.6% to $12.12. The company repurchased $141.4 million in shares and saw economic profit increase by 25.8%, driven by improved profitability and strategic advancements in its digital-first, AI-enabled strategy.
Key Highlights
- GAAP net income for Q2 2026 was $135.9 million, up 55.5% from Q2 2025.
- GAAP diluted EPS for Q2 2026 was $12.66, a 70.6% increase year-over-year.
- Adjusted net income reached $130.1 million, up 10.0% from Q2 2025.
- Adjusted diluted EPS was $12.12, an increase of 20.6% compared to Q2 2025.
- The company repurchased 262,963 shares for $141.4 million in Q2 2026.
- Economic profit increased by 25.8% to $52.6 million in Q2 2026.
- Consumer Loan assignment unit volume declined 1.0% to 84,615, while dollar volume grew 0.1% to $1.0 billion.
- Enrolled 1,456 new dealers, reaching a record 11,004 active dealers during the quarter.
Price Impact
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