Earnings ·
Credit Acceptance posts Q2 net income of $135.9M, or $12.66 per diluted share
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.