Credit Acceptance Corporation Reports Third Quarter 2026 Financial Results

Credit Acceptance Corporation reported a third-quarter 2026 net loss of $56.6 million, or $5.43 per diluted share, compared with net income of $108.2 million, or $9.43 per share, a year earlier; revenue was $594.6 million. The company said a change to its loan-portfolio cash-flow forecasting methodology lowered projected collection rates for loans assigned from 2022 through 2026 and contributed to the results. Consumer loan assignment volume rose 51% year over year to $1.4 billion. Credit Acceptance repurchased 269,150 shares for $161.6 million during the quarter.