Credit Acceptance Corporation entered into a separation agreement with Jay D. Martin, its former Chief Financial Officer whose tenure ended on July 27, 2026. Mr. Martin will serve as an unsalaried employee advisor providing approximately 15 hours of services per month from September 3, 2026, through February 1, 2027. The company will pay a pre-tax lump sum of $4,000 for benefit premiums and cover three months of medical, dental, and vision benefits at no cost to Mr. Martin during the term. Outstanding equity awards continue to vest according to their existing schedule. Credit Acceptance Corporation operates in the financial services industry, specializing in subprime auto financing.

Credit Acceptance Corporation completed a $600.0 million asset-backed non-recourse secured financing on August 20, 2026. The company conveyed consumer loans valued at approximately $750.2 million to Credit Acceptance Funding LLC 2026-2, which transferred them to a trust issuing three note classes: Class A ($319.88 million), Class B ($117.3 million), and Class C ($162.82 million). The financing carries an expected average annualized cost of approximately 5.5% and will revolve for 24 months before amortizing based on loan cash flows. Proceeds are designated to repay higher-cost indebtedness and fund general corporate purposes, while the company retains a 4.0% servicing fee. This transaction represents the largest ABS deal in the company's history and achieved credit spreads at their lowest level since late 2021. Credit Acceptance Corporation operates in the automotive finance industry, providing subprime auto loan financing to consumers through a network of automobile dealers.

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.

Credit Acceptance Corporation announced that Chief Technology Officer Ravi Mohan's resignation will be effective August 14, 2026, with a separation and advisory agreement including a monthly consulting fee of $64,375 from August 14, 2026, to February 14, 2077. Credit Acceptance Corporation is a financial services company providing consumer and consumer-lending-related services.

On July 21, 2026, Kenneth S. Booth resigned from the board of directors of Credit Acceptance Corporation. Mr. Booth stated his resignation was not due to any disagreement with the company, its management, or the board. Consequently, the board reduced its size from six directors to five. The company operates in the financial services industry, providing indirect financing for used vehicle purchases.

Credit Acceptance Corporation entered into the Fifteenth Amendment to the Sixth Amended and Restated Credit Agreement on June 9, 2026, extending the revolving secured line of credit facility's expiration-to-revolve date from June 22, 2028, to June 22, 2029. The amendment also decreased the margin-to-SOFR interest rate from SOFR plus 197.5 basis points to SOFR plus 175.0 basis points. As of June 9, 2026, the company had $270.5 million outstanding under the facility. Credit Acceptance Corporation is a provider of indirect auto finance for indirect auto lenders.