Credit Acceptance CORP 8-K filings

Credit Acceptance Corporation reported a significant increase in net income for the second quarter of 2026, driven by improved profitability, strengthening origination trends, and AI-driven efficiencies.

Credit Acceptance Corporation announced the mutual agreement for Chief Technology Officer Ravi Mohan to resign, effective August 14, 2026, with a transition to advisory services.

Credit Acceptance Corporation announced the resignation of director Kenneth S. Booth, leading to a reduction in the board size from six to five members.

Credit Acceptance Corporation has successfully extended its revolving secured line of credit facility by one year and secured a reduced interest rate.

Credit Acceptance Corporation announced the appointment of Joseph Billante as Chief Financial Officer, succeeding Jay Martin who is retiring after 23 years.

Credit Acceptance Corporation reports on its Annual Meeting of Shareholders held on June 10, 2026, detailing director elections, executive compensation approval, and auditor ratification.

Credit Acceptance Corporation has successfully closed a $450 million asset-backed financing, issuing three classes of notes backed by a pool of consumer auto loans.

Credit Acceptance Corporation announced first quarter 2026 net income of $135.8 million, or $12.40 per diluted share, with adjusted net income of $117.3 million, or $10.71 per diluted share.

Credit Acceptance Corporation's CEO, Vinayak Hegde, in his first annual letter, emphasizes maximizing long-term intrinsic value through technology investments, AI enablement, and a customer-centric approach.

Credit Acceptance Corporation announced mixed fourth-quarter 2025 results, with sequential adjusted net income growth despite declines in loan volumes and a significant legal contingent loss.

Credit Acceptance Corporation announced the retirements of its Chief Analytics Officer and Chief Sales Officer, who will transition to consulting roles.

Credit Acceptance Corporation announced the extension of its $100.0 million Term ABS 2021-1 asset-backed non-recourse secured financing until January 2028, coupled with a significant reduction in the interest rate.

Credit Acceptance Corporation announced the completion of a $500 million asset-backed non-recourse secured financing, conveying $625.2 million in consumer loans.

Credit Acceptance Corporation reported an 11.1% increase in adjusted diluted EPS to $10.28 for Q3 2025, despite declines in loan assignment volumes and forecasted collection rates.

Credit Acceptance Corporation announces the retirement of CEO Kenneth S. Booth and the appointment of board member Vinayak R. Hegde as his successor, effective November 13, 2025.

Credit Acceptance Corporation provides insights into its loan quality, risk management, and financial stability amidst declining loan forecasts and negative auto industry headlines.

Credit Acceptance Corporation's Board of Directors authorized the repurchase of an additional two million shares of common stock.

Credit Acceptance Corporation extends its $200 million revolving secured warehouse facility and reduces borrowing costs by 40 basis points.

Credit Acceptance Corporation provided updates on consumer loan performance and a limited pilot program for borrowers without SSNs or ITINs.

Credit Acceptance Corporation extended its $300 million revolving secured warehouse facility to July 2028, securing a lower interest rate.

Credit Acceptance Corporation announced a significant GAAP net income turnaround for Q2 2025, yet reported declines in adjusted net income and consumer loan assignment volumes, alongside a $23.4 million contingent legal loss.

Credit Acceptance Corporation announced the extension of its $75 million revolving secured warehouse facility to September 30, 2028, alongside a reduction in interest rates and servicing fees.

Credit Acceptance Corporation announced the extension of its revolving secured line of credit facility with a commercial bank syndicate from June 22, 2027, to June 22, 2028, with no outstanding balance as of the amendment date.

Credit Acceptance Corporation announced the successful re-election of all six director nominees, advisory approval of named executive officer compensation, and ratification of Grant Thornton LLP as its independent auditor for 2025 at its Annual Meeting of Shareholders on June 4, 2025.

Credit Acceptance Corporation reports a net income of $106.3 million, or $8.66 per diluted share, for the first quarter of 2025, alongside a modest decline in forecasted collection rates.

Credit Acceptance Corporation reports on its performance in 2024, highlighting its resilience amidst economic challenges and increased competition in the auto finance market.

Credit Acceptance Corporation finalized a $400 million asset-backed financing deal involving consumer loans and the issuance of asset-backed notes.

Credit Acceptance Corporation closed a $500 million senior notes offering and completed the redemption of its 2026 senior notes.

Credit Acceptance Corporation has announced a conditional notice of redemption for its outstanding 6.625% senior notes due in 2026.

Credit Acceptance Corporation has priced a $500 million senior notes offering due in 2030, increasing the offering size from the previously announced $400 million.