| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 580.00 | 1.6% |
| Total Income | 580.00 | 1.6% |
| Expenditure | 405.00 | 5.7% |
| PBT | 175.00 | 23.5% |
| Net Profit | 135.80 | 27.8% |
| OPM | — | |
| NPM | 23.41% | 4.80pp |
| EPS | 12.64 | 43.8% |
Credit Acceptance Announces Q1 2026 Results: Net Income $135.8 Million
06 May 2026 · 6 May, 1:39 am
Summary
Credit Acceptance Corporation announced its financial results for the first quarter of 2026, with a consolidated net income of $135.8 million. Adjusted net income for the quarter was $117.3 million. The company saw a slight decrease in consumer loan assignment volume, but also a reduced volatility in loan forecast changes. The company continues to execute its product roadmap, with increased adoption of digital tools and a record number of active dealers.
Key Highlights
- 1
Credit Acceptance Corporation reported consolidated net income of $135.8 million, or $12.40 per diluted share, for the three months ended March 31, 2026.
- 2
Adjusted net income for Q1 2026 was $117.3 million, or $10.71 per diluted share.
- 3
The average balance of the loan portfolio was $7.9 billion, consistent with the first quarter of 2025.
- 4
Consumer Loan assignment unit volume was 95,992 and dollar volume was $1.1 billion, down 4.3% and 4.0%, respectively, compared to Q1 2025.
- 5
Forecasted net cash flows from the loan portfolio declined modestly by $9.1 million, or 0.1%, representing the smallest quarterly change in the past three years.
- 6
The company repurchased 365,258 shares, or 3.4% of the shares outstanding, at a cost of $178.9 million.
- 7
Liquidity stood at $1.3 billion as of March 31, 2026, including unrestricted cash and amounts available for borrowing.
Management Comments
Vinayak Hegde
This quarter’s results reflect meaningful progress across our business, with reduced volatility in loan forecast changes and moderation in unit volume declines. These trends reinforce our focus on disciplined investment and execution as we work to maximize long‑term economic profit. We continue to make tangible progress executing our product roadmap. From record active dealers to increased adoption of our digital tools, these initiatives are designed to help dealers operate more efficiently while enabling us to scale our underwriting and servicing capabilities in a disciplined way.
Informational and educational content only. Not investment advice.