Welcome to our dedicated page for Credit Accep Mich news (Ticker: CACC), a resource for investors and traders seeking the latest updates and insights on Credit Accep Mich stock.
Credit Acceptance Corporation (Nasdaq: CACC) is a U.S. consumer finance company that focuses on automobile-related financing programs offered through a nationwide network of automobile dealers. The company’s news flow reflects its role in auto finance, its funding activities, and its public-company reporting obligations.
On this page, readers can review news items that Credit Acceptance has released through channels such as GlobeNewswire and that are referenced in its SEC filings. These include quarterly earnings announcements that discuss consolidated net income, adjusted net income, loan portfolio trends, forecasted collection rates on Consumer Loans, and changes in forecasted net cash flows from the loan portfolio. Such releases often provide detail on Consumer Loan assignment volumes, dealer enrollment and active dealer counts, and the company’s approach to forecasting and managing credit performance.
Another major category of news relates to the company’s funding and capital structure. Credit Acceptance regularly announces extensions and amendments to its revolving secured warehouse facilities and its revolving secured line of credit facility, including revised maturity dates and interest rate spreads over the Secured Overnight Financing Rate (SOFR). The company also issues press releases about asset-backed non-recourse secured financings, in which consumer loans are conveyed to special purpose entities and trusts that issue notes backed by those loans.
Corporate governance and leadership updates also appear in the company’s news. For example, Credit Acceptance has announced a CEO transition, with details on the planned retirement of its current Chief Executive Officer and the appointment of a successor, along with related board roles. The company additionally highlights workplace and culture recognitions from external organizations in its earnings and corporate communications.
Investors and observers can use this news page to follow developments in Credit Acceptance’s earnings, loan portfolio performance, funding arrangements, and leadership changes, as well as recurring descriptions of its auto dealer financing programs and their impact on consumers with varied credit histories.
Credit Acceptance (Nasdaq: CACC) was named a 2026 USA Today Top Workplaces award winner on April 9, 2026, marking its sixth consecutive year on the list and a #4 ranking in the 1,000–2,499 employee category.
The company also earned recognition in the Well-Being specialty category, emphasizes a remote-first culture (nearly 95% remote), and cites employee engagement and PRIDE values as drivers of workplace performance.
Credit Acceptance (Nasdaq: CACC) was named No. 18 on Fortune's 2026 100 Best Companies to Work For, its highest ranking ever and the company's 12th appearance on the list. The Company reported 95% of team members agree it is a great place to work and highlighted remote work and PRIDE values.
Credit Acceptance cited prior workplace accolades and noted Great Place To Work based the list on confidential employee surveys collected in 2025.
Credit Acceptance (Nasdaq: CACC) appointed Steffen Schumann as Chief Business Officer, effective March 19, 2026. In this newly created role he will lead enterprise business planning, pricing strategy, advanced analytics, and dealer scorecarding to strengthen unit economics and performance management.
According to the company, Schumann brings more than two decades of experience at Deutsche Telekom and T‑Mobile, and his hire accompanies management commentary that forecasted collection rates were stable for the two months ended February 28, 2026.
Credit Acceptance (Nasdaq: CACC) reported consolidated GAAP net income of $122.0 million, or $10.99 per diluted share, for Q4 2025 and adjusted net income of $126.0 million, or $11.35 per diluted share. Key items: $7.9 billion average loan portfolio, $191.4 million share repurchases (~425,000 shares), $34.2 million reduction in forecasted net cash flows, $35.8 million contingent loss excluded from adjusted results, and $1.7 billion in cash and available credit.
Credit Acceptance (Nasdaq: CACC) expects to issue its fourth quarter 2025 earnings release on Thursday, January 29, 2026, after market close.
A live webcast to discuss fourth quarter 2025 results is scheduled for Thursday, January 29, 2026 at 5:00 p.m. Eastern Time. Telephone participants must pre-register to ask questions and will receive a dial-in number and unique PIN; webcast-only listeners may view the live stream via the company’s Investor Relations website. A replay and transcript will be archived on the Investor Relations site. For investor inquiries, contact Jay Brinkley, Senior Vice President & Treasurer, at the provided phone number or email.
Credit Acceptance (Nasdaq: CACC) was named one of the Best Places to Work in IT by Computerworld on Dec. 10, 2025, marking the company's 11th year on the list.
Credit Acceptance ranked #2 among midsize companies, up six spots year-over-year. The company credited Engineering-led modernization, expanded automation, and integration of AI for gains in system reliability, speed, and performance, plus new digital platforms and pilot solutions to streamline support and operations.
This award is one of twelve workplace recognitions this year, including placement on multiple 2025 lists from Fortune, Top Workplaces, PEOPLE, and others.
Credit Acceptance (Nasdaq: CACC) was named a 2025 Top Workplace in Michigan by the Detroit Free Press, ranking #2 among large companies for the second year and marking its 14th consecutive year on the list.
The company said it remains Michigan-based for 53+ years while offering a remote-first environment to ~95% of employees. In 2025 employees partnered with Make-A-Wish Michigan to grant 12 wishes, packed 103,400 meals for Gleaners Food Bank, and supported other local charities. The ranking was based on an anonymous Energage employee survey measuring alignment, execution, and connection.
Credit Acceptance (Nasdaq: CACC) completed a $500.0 million asset-backed, non-recourse secured financing on Nov 13, 2025. The company conveyed loans valued at approximately $625.2 million to a special purpose entity that issued three classes of notes: Class A $284.61M (2.58y, 4.50%), Class B $104.57M (3.33y, 4.87%), and Class C $110.82M (3.70y, 5.38%).
The Financing has an expected average annualized cost of approximately 5.1%, will revolve for 24 months then amortize based on loan cash flows, and will be used to repay higher-cost indebtedness and for general corporate purposes. Credit Acceptance retained about $2.0 billion of unused borrowing capacity and unrestricted cash after closing.
Credit Acceptance (Nasdaq: CACC) reported GAAP net income $108.2M or $9.43 per diluted share and adjusted net income $117.9M or $10.28 per diluted share for the quarter ended September 30, 2025. The company reported a $8.0B average loan portfolio, a 3.9% portfolio increase versus Q3 2024, and repurchased $107.4M of shares (~230,000 shares, ~2.0%).
Assignment volumes fell 16.5% (units) and 19.4%} (dollars) year-over-year, and declines in forecasted collections reduced expected net cash flows by $58.6M for the quarter. The company enrolled 1,342 new dealers and had 10,180 active dealers, while noting progress modernizing origination systems and product launches.
Credit Acceptance (Nasdaq: CACC) announced a CEO transition on Oct 28, 2025: Vinayak R. Hegde was appointed Chief Executive Officer and President effective November 13, 2025, and Kenneth S. Booth will retire as CEO effective January 31, 2026 and remain on the Board.
The board unanimously elected Hegde, who has four years on Credit Acceptance's board and prior senior roles at T‑Mobile, Wheels Up Experience, Airbnb, Groupon, and 12+ years at Amazon. Booth will transition to Executive Board Member on November 13, 2025.