$CACC
CREDIT ACCEPTANCE CORP
CIK:0000885550|SEC Filings
Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Premiums earned | ||||
| Other income | $ 546.2 | $ 540.7 | $ 1,084.6 | $ 1,067.4 |
| Total revenue | 24.6 | 24.1 | 47.8 | 47.6 |
| Costs and expenses: | 16.6 | 19.0 | 35.0 | 39.9 |
| Total revenue | 587.4 | 583.8 | 1,167.4 | 1,154.9 |
| General and administrative | ||||
| Salaries and Wages | 78.1 | 83.7 | 166.7 | 172.3 |
| General and Administrative Expense | 26.1 | 45.2 | 50.9 | 67.3 |
| Selling and Marketing Expense | 29.9 | 26.6 | 57.7 | 51.4 |
| Operating Expenses | 134.1 | 155.5 | 275.3 | 291.0 |
| Provision for Credit Losses on Forecast Changes | 81.6 | 101.3 | 136.0 | 177.6 |
| Provision for Credit Losses on New Consumer Loan Assignments | 77.6 | 71.3 | 162.8 | 156.9 |
| Provision for Credit Losses | 159.2 | 172.6 | 298.8 | 334.5 |
| Interest | 107.4 | 118.1 | 215.8 | 232.8 |
| Provision for claims | 18.1 | 19.8 | 33.9 | 35.9 |
| Loss on extinguishment of debt | 0.0 | 0.0 | 0.0 | 1.2 |
| Costs and Expenses, Total | 418.8 | 466.0 | 823.8 | 895.4 |
| Income before provision for income taxes | 168.6 | 117.8 | 343.6 | 259.5 |
| Provision for income taxes | 32.7 | 30.4 | 71.9 | 65.8 |
| Net income | $ 135.9 | $ 87.4 | $ 271.7 | $ 193.7 |
| Earnings Per Share [Abstract] | ||||
| Basic | $ 12.97 | $ 7.55 | $ 25.61 | $ 16.37 |
| Diluted | $ 12.66 | $ 7.42 | $ 25.04 | $ 16.11 |
| Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ||||
| Basic | 10,481,009 | 11,574,018 | 10,608,030 | 11,831,094 |
| Diluted | 10,734,652 | 11,771,525 | 10,851,014 | 12,023,903 |
Consolidated Balance Sheets (Unaudited) - USD ($) |
Jun. 30, 2026 |
Dec. 31, 2025 |
||||
|---|---|---|---|---|---|---|
| ASSETS: | ||||||
| Cash and cash equivalents | $ 1,400,000 | $ 22,800,000 | ||||
| Restricted cash and cash equivalents | 490,700,000 | 477,900,000 | ||||
| Debt Securities, Available-for-sale, Restricted | 116,600,000 | 106,200,000 | ||||
| Loans receivable | [1],[2] | 11,608,700,000 | 11,511,500,000 | |||
| Allowance for credit losses | (3,649,500,000) | (3,602,300,000) | ||||
| Loans receivable, net | 7,959,200,000 | 7,909,200,000 | ||||
| Property and equipment, net | 14,100,000 | 12,600,000 | ||||
| Income taxes receivable | 8,400,000 | 67,200,000 | ||||
| Other assets | 32,200,000 | 35,800,000 | ||||
| Total assets | 8,622,600,000 | 8,631,700,000 | ||||
| Liabilities: | ||||||
| Accounts payable and accrued liabilities | 394,000,000.0 | 400,200,000 | ||||
| Revolving secured lines of credit | 177,800,000 | 107,300,000 | ||||
| Secured financing | 5,019,000,000 | 5,158,800,000 | ||||
| Senior notes | 1,089,400,000 | 1,087,800,000 | ||||
| Deferred income taxes, net | 349,200,000 | 354,000,000.0 | ||||
| Income taxes payable | 4,300,000 | 0 | ||||
| Total liabilities | 7,033,700,000 | 7,108,100,000 | ||||
| Commitments and Contingencies - See Note 15 | ||||||
| Shareholders' Equity: | ||||||
| Preferred stock, $.01 par value, 1,000,000 shares authorized, none issued | 0 | 0 | ||||
| Common stock, $.01 par value, 80,000,000 shares authorized, 10,376,049 and 10,680,143 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 100,000 | 100,000 | ||||
| Paid-in capital | 507,900,000 | 403,300,000 | ||||
| Retained earnings | 1,081,100,000 | 1,119,200,000 | ||||
| Accumulated other comprehensive income (loss) | (200,000) | 1,000,000.0 | ||||
| Total shareholders’ equity | 1,588,900,000 | 1,523,600,000 | ||||
| Total liabilities and shareholders’ equity | $ 8,622,600,000 | $ 8,631,700,000 | ||||
| Preferred stock, par value (in usd per share) | $ 0.01 | $ 0.01 | ||||
| Preferred stock, shares authorized | 1,000,000 | 1,000,000 | ||||
| Preferred stock, shares issued | 0 | 0 | ||||
| Common stock, par value (in usd per share) | $ 0.01 | $ 0.01 | ||||
| Common stock, shares authorized | 80,000,000 | 80,000,000 | ||||
| Common stock, shares issued | 10,376,049 | 10,680,143 | ||||
| Balance, shares | 10,376,049 | 10,680,143 | ||||
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