Credit Acceptance Corporation (CACC)

CACC's stock has been influenced by several events in the past six months. The company reported adjusted EPS of $10.71 for Q1 2026, surpassing forecasts, but revenue was below expectations. CACC shares reached a new 52-week high of $565.14 in May 2026. Credit Acceptance completed two asset-backed financings totaling $950 million and extended another for $100 million. Insiders have been selling shares, with 40 sales reported. The company also implemented a workforce reduction of approximately 6%. Analyst sentiment has been mixed.

Demand for Credit Acceptance Corp.'s subprime auto loans generally follows the auto loan market's seasonality. Sales and loan originations tend to be busy in the spring and after Labor Day through November. Demand slows down in the summer and drops dramatically in January.

Credit Acceptance Corporation (CACC) is a consumer finance company specializing in automobile loans for subprime borrowers. They partner with auto dealers through the Portfolio Program, advancing money for the right to service consumer loans and sharing cash flows, and the Purchase Program, buying consumer loans directly. CACC enables consumers with poor credit to purchase vehicles and improve their credit scores.

Credit Acceptance Corp. operates through a nationwide network of automobile dealers across the United States and is headquartered in Southfield, Michigan.

Credit Acceptance Corp.'s brand reputation has seen both positive recognition and ongoing legal scrutiny in the past year. The CFPB withdrew from a joint lawsuit against Credit Acceptance. However, the company has faced class-action lawsuits alleging deceptive practices and agreed to pay $27.2 million to resolve claims by the Massachusetts Attorney General. Credit Acceptance was named a USA Today Top Workplaces award winner for the sixth consecutive year and received other workplace awards.

Credit Acceptance Corporation has a mixed ownership structure, with significant institutional and individual holdings. Institutional investors hold a substantial portion of the company. Key individual owners include Donald A. Foss Trust, Marital Trust U/A Donald A. Foss Trust, and CEO Kenneth Booth. Donald A. Foss is the largest individual shareholder.