Credit Acceptance Reports Third-Quarter Loss of $56.6 Million
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08:04:21 PM UTC
SquawkNews
Credit Acceptance 3Q Loss/Shr $5.43 >CACC
08:10:36 PM UTC
SquawkNews
Southfield, Michigan, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation NASDAQ:CACC (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced a consolidated net loss of $56.6 million, or $5.43 per diluted share, for the three months ended September 30…
08:11:12 PM UTC
SquawkNews
Credit Acceptance reported Q3 2026 GAAP net loss of $56.6M ($5.43/share) vs. $108.2M profit a year ago, while adjusted net income rose to $135.5M ($13.01/share) from $117.9M.Material DetailsContext by AI AnalystThis is a mid-cycle update showing strong volume growth but credit performance adjustmen…
08:19:10 PM UTC
SquawkNews
Credit Acceptance reported a third-quarter 2026 net loss of $56.6 million, compared with net income of $108.2 million a year earlier, as a substantial increase in credit-loss provisions weighed on GAAP results. Adjusted net income rose to $135.5 million, or $13.01 per diluted share, from $117.9 mil…