CACC

In the past six months, a significant event impacting CACC's stock was a multistate settlement announced on September 17, 2026. Credit Acceptance entered into consent agreements with the New York Attorney General and 40 other states to resolve litigation and investigations concerning its subprime auto-lending practices. As part of this settlement, the company agreed to eliminate over $630 million in debt for more than 55,000 eligible consumers, contribute $60 million to a consumer relief fund, and pay a $15.5 million penalty to the participating attorneys general. Credit Acceptance stated that these monetary obligations would not necessitate additional charges beyond amounts already accrued. Following the settlement announcement, CACC's stock price declined by 1.4% in after-hours trading on September 17, 2026, and continued to drop over the subsequent two trading sessions. Despite this recent pressure, the stock had rallied 31.3% over the six months prior to the settlement. As of September 23, 2026, the year-to-date return was 22.30%, and the one-year total shareholder return was 14.39%. Other notable events include the extension and repricing of key secured funding facilities, such as a $500 million Term ABS and its Warehouse II facility through 2028, which was viewed as strengthening the company's balance sheet liquidity. Insider activity during this period has shown substantial selling without corresponding open-market purchases. Operationally, Credit Acceptance reported strong Q2 2026 earnings, with net income increasing 55.5% year-over-year to $135.9 million and finance charges rising 1.0% to $546.2 million. The company also expanded its dealer network, enrolling 1,456 new dealers and reaching a record 11,004 active dealers in Q2 2026, and enhanced its technological capabilities with an AI-enabled call center agent handling a significant portion of inbound customer calls.