Jun 2026 (Q2 FY26) — Aug 4, 2026
Credit Acceptance Corporation Q2 FY26 — Profitability and Volume Trends Improve Amidst Strategic Transformation
Read the full callCredit Acceptance (CACC) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Credit Acceptance earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 587 | +0.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 136 | +55.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
1 of 1 judged target kept · 1 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Number of dealers using the new contract origination experience | Expand | Dec 2025 | Pending |
1 of CREDIT ACCEPTANCE CORP's 2 targets is still open. See which are on track and which have gone quiet. The 1 above are the free sample; 1 more target is in the full ledger.
Claimed
- GAAP net income of $12.66 per diluted share, up 71% from Q2 2025.
- Adjusted net income of $12.12 per diluted share, up 21% from Q2 2025.
- Monthly unit volumes returned to year-on-year growth in June, continuing into July (up over 20% YoY in July).
- Forecasted net cash flows from the loan portfolio declined by 0.3% during the quarter, an improvement from 0.5% decline in Q2 2025.
- Record-setting quarter for active dealers with over 11,000 active dealers.
Qualified
- Consumer Loan assignment unit volume declined 1% year-over-year for the quarter.
- Market share in core segment was 4.9% for the first 2 months of the quarter, down from 5.3% in the same period in 2025.
- Average unit volume per active dealer declined 3.8% year-over-year.
- Prepayments continue to come in slower than forecast, creating a headwind in the provision for credit losses.
Price
$534.2 −1.25% · −$6.78
Performance +8.7% 1Y
1Y: $491.32 on 17 Oct 2025 → $534.2. High $657.2 (6 Jul 2026), low $411.04 (20 Nov 2025).
- Previous close
- $540.98
- 52-week range
- $411.04 – $657.2
- One year
- +8.05%
Overview
- Symbol
- CACC
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
1 of 1 judged target kept · 1 open · verdicts reflect calls analysed to Mar 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Number of dealers using the new contract origination experience | Expand | Dec 2025 | Pending |
Claimed
- GAAP net income of $12.66 per diluted share, up 71% from Q2 2025.
- Adjusted net income of $12.12 per diluted share, up 21% from Q2 2025.
- Monthly unit volumes returned to year-on-year growth in June, continuing into July (up over 20% YoY in July).
- Forecasted net cash flows from the loan portfolio declined by 0.3% during the quarter, an improvement from 0.5% decline in Q2 2025.
- Record-setting quarter for active dealers with over 11,000 active dealers.
Qualified
- Consumer Loan assignment unit volume declined 1% year-over-year for the quarter.
- Market share in core segment was 4.9% for the first 2 months of the quarter, down from 5.3% in the same period in 2025.
- Average unit volume per active dealer declined 3.8% year-over-year.
- Prepayments continue to come in slower than forecast, creating a headwind in the provision for credit losses.
The full ledger
Open CREDIT ACCEPTANCE CORP’s full ledger
A free account opens 5 company ledgers a month. All 2 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
Credit Acceptance Corporation Q1 FY26 — Moderating Loan Declines and Strategic Operational Shifts
Read the full callEvery analysed call
Credit Acceptance earnings calls (CACC)
Financials
What the filings say
Net profit, year on year: +55% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 550 | 566 | 571 | 584 | 582 | 580 | 580 | 587 |
| Expenses | 444 | 374 | 429 | 466 | 434 | 423 | 405 | 419 |
| Interest | 111 | 111 | 115 | 118 | 116 | 114 | 108 | 107 |
| Profit before tax | 107 | 192 | 142 | 118 | 149 | 157 | 175 | 169 |
| Tax rate | 26.0% | 20.8% | 25.0% | 25.8% | 27.3% | 22.3% | 22.4% | 19.4% |
| Net profit | 79 | 152 | 106 | 87 | 108 | 122 | 136 | 136 |
| EPS ($ per share) | 6.42 | — | 8.79 | 7.55 | 9.62 | — | 12.64 | 12.97 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 1,836 | 2,197 | 2,139 | 1,627 | 1,381 | 1,476 | 1,415 | 1,119 |
| Total liabilities | 4,247 | 5,068 | 5,187 | 5,227 | 5,281 | 5,857 | 7,105 | 7,108 |
| Fixed assets | 40 | 60 | 59 | 57 | 51 | 47 | 15 | 13 |
| Total assets | 6,237 | 7,423 | 7,489 | 7,051 | 6,905 | 7,610 | 8,855 | 8,632 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 704 | 812 | 985 | 1,069 | 1,239 | 1,204 | 1,138 | 1,055 |
| Cash from investing | -1,238 | -1,024 | -673 | 437 | -461 | -1,417 | -1,721 | -674 |
| Cash from financing | 600 | 400 | -433 | -1,469 | -795 | 266 | 957 | -725 |
| Net cash flow | 66 | 188 | -121 | 38 | -16 | 53 | 374 | -344 |
| Capital expenditure | -25 | -27 | -8 | -8 | -3 | -4 | -2 | -2 |
| Free cash flow | 679 | 786 | 977 | 1,062 | 1,236 | 1,200 | 1,136 | 1,053 |
CACC operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Active dealers | 10.977KAdditionally, we enrolled over 1,500 new dealers and had a record 10,977 active dealers during the quarter, reflecting continued engagement across our dealer network.Source: earnings call transcript | 11K+We had over 11,000 active dealers during the quarter, making this our second consecutive record-setting quarter for active dealers.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
323 filings between Oct 24, 2025 and Jul 16, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$86.76M
235 sales by 10 insiders
80% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 10
- Award — granted as compensation
- 60
- Option exercise — converted options into shares
- 13
- Tax withheld — shares kept back by the company to cover tax
Also filed: 3 gifts, 2 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Booth Kenneth | — | $19.94M | May 29, 2026 |
| KERBER ERIN J | — | $14.77M | Jun 26, 2026 |
| Watson Jill Foss | — | $13.19M | Jul 16, 2026 |
| LUM JONATHAN | — | $10.28M | Jun 24, 2026 |
| Martin Jay D | — | $8.99M | Jun 24, 2026 |
| Rummler Wendy A | — | $8.43M | May 18, 2026 |
| Elliott Nicholas J | — | $8.23M | Jun 26, 2026 |
| ULATOWSKI DANIEL A. | — | $1.72M | Jan 30, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 16, 2026 | Watson Jill Foss 10% owner | Sale | 977 | $625.4K |
| Jul 16, 2026 | Watson Jill Foss 10% owner | Sale | 2 | $1.3K |
| Jul 16, 2026 | Watson Jill Foss 10% owner | Sale | 457 | $293.1K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 102 | $66.6K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 175 | $115.0K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 819 | $535.5K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 503 | $333.6K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 81 | $53.9K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 447 | $291.0K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 181 | $119.8K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 1,037 | $675.9K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 689 | $450.0K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 184 | $119.0K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 869 | $569.0K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 1,130 | $732.6K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 156 | $102.8K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 80 | $53.3K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 813 | $539.9K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 53 | $34.4K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 413 | $268.4K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 562 | $366.4K |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 1,203 | $782.7K |
| Jul 2, 2026 | Prescott General Partners LLC 10% owner | Other | 9,891 | $6.49M |
| Jul 2, 2026 | Watson Jill Foss 10% owner | Sale | 1,503 | $976.0K |
| Jun 26, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 581 | $364.4K |
| Jun 26, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 397 | $248.3K |
| Jun 26, 2026 | KERBER ERIN J Chief Legal Officer | Option exercise 10b5-1 plan | 3,303 | $1.50M |
| Jun 26, 2026 | KERBER ERIN J Chief Legal Officer | Option exercise 10b5-1 plan | 2,417 | $807.1K |
| Jun 26, 2026 | Elliott Nicholas J Chief Transformation Officer | Sale 10b5-1 plan | 180 | $114.1K |
| Jun 26, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 785 | $492.8K |
| Jun 26, 2026 | Elliott Nicholas J Chief Transformation Officer | Sale 10b5-1 plan | 683 | $429.6K |
| Jun 26, 2026 | Elliott Nicholas J Chief Transformation Officer | Sale 10b5-1 plan | 120 | $76.2K |
| Jun 26, 2026 | Elliott Nicholas J Chief Transformation Officer | Sale 10b5-1 plan | 324 | $205.0K |
| Jun 26, 2026 | Elliott Nicholas J Chief Transformation Officer | Sale 10b5-1 plan | 360 | $227.3K |
| Jun 26, 2026 | Elliott Nicholas J Chief Transformation Officer | Sale 10b5-1 plan | 17 | $10.7K |
| Jun 26, 2026 | Elliott Nicholas J Chief Transformation Officer | Sale 10b5-1 plan | 449 | $281.7K |
| Jun 26, 2026 | Elliott Nicholas J Chief Transformation Officer | Sale 10b5-1 plan | 173 | $108.2K |
| Jun 26, 2026 | Elliott Nicholas J Chief Transformation Officer | Option exercise 10b5-1 plan | 2,306 | $770.1K |
| Jun 26, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 240 | $152.3K |
| Jun 26, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 1,143 | $723.1K |
| Jun 26, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 1,000 | $631.5K |
| Jun 26, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 305 | $192.1K |
| Jun 26, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 1,269 | $798.1K |
| Jun 25, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 25 | $15.7K |
| Jun 25, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 240 | $150.8K |
| Jun 25, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 360 | $226.6K |
| Jun 25, 2026 | KERBER ERIN J Chief Legal Officer | Option exercise 10b5-1 plan | 1,240 | $414.1K |
| Jun 25, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 337 | $210.8K |
| Jun 25, 2026 | KERBER ERIN J Chief Legal Officer | Sale 10b5-1 plan | 278 | $174.3K |
| Jun 25, 2026 | KERBER ERIN J Chief Legal Officer | Option exercise 10b5-1 plan | 1,697 | $770.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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