Credit Acceptance Corporation (CACC) Earnings
Credit Acceptance Corporation is expected to report next earnings on July 30, 2026 (in NaN days), with a consensus EPS estimate of $11.85. CACC has beaten EPS estimates in 4 of its last 12 reported quarters (average surprise +0.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $10.61 | $10.71 | +0.9% | $580M | -0.1% |
| Jan 29, 2026 | $10.30 | $11.35 | +10.2% | $580M | -0.7% |
| Oct 30, 2025 | $9.87 | $10.28 | +4.2% | $576M | -2.9% |
| Jul 31, 2025 | $9.84 | $8.56 | -13.0% | $576M | -2.4% |
| Apr 30, 2025 | $10.31 | $8.66 | -16.0% | $562M | -0.9% |
| Jan 30, 2025 | $7.70 | $12.26 | +59.2% | $558M | -1.2% |
| Oct 30, 2024 | $9.21 | $6.35 | -31.1% | $544M | -0.8% |
| Jul 31, 2024 | $7.20 | $-3.83 | -153.2% | $538M | +12.4% |
| Apr 30, 2024 | $6.81 | $5.08 | -25.4% | $508M | +11.5% |
| Jan 31, 2024 | $5.43 | $7.29 | +34.3% | $492M | +0.4% |
| Aug 1, 2023 | $8.18 | $1.69 | -79.3% | $461M | -0.7% |
| May 1, 2023 | $8.81 | $7.61 | -13.6% | $439M | -4.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• First quarter 2026 represented meaningful progress across business. Forecasted net cash flows from loan portfolio had smallest quarterly change in past three years. Moderation in decline of consumer loan assignment volume. • Implemented new company-wide operating system with consistent operating rhythms, reinforcing founder's mentality. • Took hard look at cost structure, in April parted ways with approximately 6% of workforce. • Made strategic senior leadership additions: Stefan Schumann as Chief Business Officer and Robert Bourie as Chief Sales Officer. • Encouraging signs with dealers, testing scenarios and applying granular segmentation. • Using technology and AI to improve operations, e.g., AI-enabled call center agent handled five times more inbound calls. • Focusing on improving pricing and decision-making models through data and granular analysis.
Segment performance
For the first quarter, gap net income was $135.8 million or $12.40 per diluted share and adjusted net income was $117.3 million or $10.71 per diluted share. Forecasted net cash flows from loan portfolio declined modestly by $9.1 million or 0.1%. Loan unit volume declined 4.3% this quarter versus 9.1% last quarter, loan dollar volume declined 4% this quarter versus 11.3% in Q4. Financed nearly 96,000 contracts, collected nearly $1.5 billion, paid $47 million in dealer holdback and accelerated dealer holdback. Enrolled over 1,500 new dealers and had 10,977 active dealers. Market share in core segment of used vehicles financed by subprime consumers for first two months was 4.5% down from 5.2% same period in 2025. Average unit volume per active dealer declined 6.5% year-over-year, average loan portfolio steady at $8.9 billion on adjusted basis.
Analyst Q&A
Q: Moshe Orenbach of TD Cowan asked about collections data, specifically canceled loans and their impact.
A: Cancellations drive collection rate changes, impacts all origination years, more seen in Q1 as loans originated don't have multiple quarters of originations offsetting cancellation.
Q: Rob Wildhack of Autonomous Research asked about revision to forecasted collection and provision expense.
A: Provision for credit losses on forecast changes driven by change in net present value of future cash flows, related to prepayments lower than forecasted.
Q: Moshe Orenbach of TD Cowan asked about market share and claims expense.
A: Not trying to get share at any cost, being deliberate about trade-offs, understanding by segment etc.; claims expense volatility not unusual or new trend