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CACC

CREDIT ACCEPTANCE CORP

NASDAQ · Financial Services · Financial - Credit Services · US

$459.47
−20.20%
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  • Oct 29, 2026, 20:30 UTC

    CREDIT ACCEPTANCE CORP repurchased shares for $161.6 million.

  • Oct 29, 2026, 20:02 UTC

    CREDIT ACCEPTANCE CORP reported a consolidated net loss of $56.6 million, or $5.43 per diluted share, for the third quarter of 2026, and adjusted net income of $135.5 million, or $13.01 per diluted share.

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  • Sep 29, 2026, 22:30 UTC

    Utah and 39 other attorneys general reached a $694 million nationwide settlement with Credit Acceptance Corporation over predatory auto loans, with Utah receiving about $1.9 million in consumer relief and $122,092 paid to the state.

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  • Sep 22, 2026, 20:02 UTC

    Credit Acceptance appointed Shannon Wilson as Chief Human Resources Officer, joining its Executive Leadership Team.

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  • Sep 21, 2026, 20:06 UTC

    Credit Acceptance Corp amended its Term ABS 2019-2 loan and security agreement with Wells Fargo Bank, extending the revolving period to September 15, 2028 and raising the interest rate from 5.43% to 5.83%.

  • Sep 20, 2026, 15:15 UTC

    Oregon Attorney General Dan Rayfield announced a $694 million multistate settlement with Credit Acceptance Corp. resolving allegations of predatory auto lending, with the agreement scheduled to take effect on Nov. 2, 2026.

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  • Sep 18, 2026, 23:59 UTC

    Alaska joined 40 states in a $709.5 million settlement with auto lender Credit Acceptance Corporation.

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  • Sep 18, 2026, 22:00 UTC

    South Dakota and 39 other states plus the District of Columbia reached a multistate settlement with auto finance company Credit Acceptance Corporation over allegations it approved loans that increased the likelihood of consumer default and vehicle repossession, with South Dakota receiving just under $105,000.

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  • Sep 18, 2026, 17:30 UTC

    Indiana Attorney General Todd Rokita announced a multistate settlement with Credit Acceptance Corporation delivering nearly $34.7 million in cash and debt relief to Indiana consumers over allegedly unaffordable auto loans and dealer packing of add-on products.

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  • Sep 17, 2026, 18:05 UTC

    Credit Acceptance reached a settlement with state attorneys general, resolving longstanding litigation without requiring material changes to its operations.

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  • Sep 15, 2026, 20:02 UTC

    Credit Acceptance Corporation extended the revolving period of its $500.0 million revolving secured warehouse facility from September 20, 2027 to September 15, 2028 and lowered the borrowing rate to SOFR plus 175 basis points.

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  • Sep 4, 2026, 20:14 UTC

    Credit Acceptance Corp announced that Jay D. Martin will transition to the role of unsalaried employee advisor effective September 3, 2026, with continued vesting of outstanding equity awards and certain benefit provisions during the term.

  • Aug 20, 2026, 20:02 UTC

    Credit Acceptance Corporation completed a $600.0 million asset-backed non-recourse secured financing, conveying loans valued at approximately $750.2 million to a special purpose entity that will issue three classes of notes.

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  • Aug 20, 2026, 07:24 UTC

    Bank of America Corp DE increased its stake in Credit Acceptance Corporation by 47.9% during the second quarter of 2026, according to a Form 13F filing.

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  • Aug 13, 2026, 13:00 UTC

    Credit Acceptance Corporation announced that Jeetu Mirchandani will join the company as Chief Technology Officer on August 27, 2026, to lead its engineering organization and technology strategy.

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  • Aug 4, 2026, 20:02 UTC

    Credit Acceptance Corporation announced its financial results for the second quarter of 2026, reporting consolidated net income of $135.9 million, or $12.66 per diluted share, and adjusted net income of $130.1 million, or $12.12 per diluted share, for the three months ended June 30, 2026.

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  • Jul 24, 2026, 00:00 UTC

    Ravi Mohan departed as Chief Technology Officer of Credit Acceptance Corp effective August 14, 2026, by mutual agreement.

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  • Jun 10, 2026, 20:30 UTC

    Credit Acceptance Corporation appointed Joe Billante as Chief Financial Officer, effective July 27, 2026, succeeding Jay Martin who will retire on the same date.

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  • Jun 9, 2026, 20:02 UTC

    Credit Acceptance Corporation extended the maturity of its revolving secured line of credit facility from June 22, 2028 to June 22, 2029 and reduced the interest rate from SOFR plus 197.5 basis points to SOFR plus 175 basis points.

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