Earnings ·
Credit Acceptance Corporation reported second quarter 2026 financial results for the three months ended June 30, 2026
CACCCredit Acceptance Corp
Credit Acceptance Corporation reported second quarter 2026 financial results for the three months ended June 30, 2026. The company posted consolidated net income of $135.9 million, or $12.66 per diluted share, compared to $87.4 million, or $7.42 per diluted share, in the prior year period. Adjusted net income reached $130.1 million, or $12.12 per diluted share. Consumer loan assignment unit volume declined 1.0% to 84,615, while dollar volume grew 0.1% to $1.0 billion. The company repurchased 262,963 shares for $141.4 million and maintained $1.4 billion in liquidity. Credit Acceptance Corporation operates in the automotive finance industry, providing retail installment contract assignment services to used car dealers.