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Sunday 15 November 2026
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Credit Acceptance Corporation
CACCCredit Acceptance Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 7.16% from fiscal 2024.
- Revenue
- +2.09%
- EPS
- n/m
- Free cash flow
- +11.8%
- Total debt
- +5.57%
Quarter to September 2026, against a year earlier
504.63
1.10
+0.22%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 969 | 1,110 | 1,286 | 1,489 | 1,669 | 1,856 | 261 | 1,902 | 2,162 | 2,317 | 2,342 | +10.2% | 2,135 | 2,290 | 2,771 | +6.1% | |
| Gross margin, % | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 0.0 pt | ||||||
| EBT | 531 | 584 | 755 | 856 | 550 | 1,261 | (38) | 368 | 330 | 565 | 427 | +0.7% | ||||||
| EBT margin, % | 54.81 | 52.59 | 58.73 | 57.48 | 32.92 | 67.94 | (14.63) | 19.33 | 15.24 | 24.40 | 18.24 | (30.4) pt | ||||||
| Net income | 333 | 470 | 574 | 656 | 421 | 958 | 536 | 286 | 248 | 424 | 337 | +2.7% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 47.67 | 56.93 | 66.12 | 78.78 | 93.47 | 115.38 | 19.21 | 146.83 | 175.47 | 202.35 | 224.82 | +17.4% | |||||
| Earnings | 16.37 | 24.12 | 29.52 | 34.71 | 23.57 | 59.57 | 39.50 | 22.09 | 20.12 | 37.14 | 31.36 | +9.5% | ||||||
| Cash flow | 24.95 | 29.03 | 36.20 | 42.98 | 55.17 | 66.48 | 91.32 | 92.93 | 92.34 | 92.09 | 121.07 | +15.6% | ||||||
| Capex | (0.27) | (0.43) | (1.29) | (1.42) | (0.48) | (0.47) | (0.23) | (0.31) | 0.11 | (0.14) | (0.45) | (7.1%) | ||||||
| Free cash flow | 24.68 | 28.60 | 34.91 | 41.56 | 54.69 | 66.01 | 91.09 | 92.62 | 92.45 | 91.95 | 120.62 | +15.7% | ||||||
| Book value | 57.73 | 78.77 | 102.38 | 124.62 | 128.93 | 113.40 | 119.73 | 135.39 | 141.98 | 133.05 | 133.37 | +9.7% | ||||||
| Shares, m | 20 | 19 | 19 | 19 | 18 | 16 | 14 | 13 | 12 | 11 | 11 | (6.2%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 13.21 | 13.61 | 12.93 | 12.74 | 14.53 | 11.53 | 11.67 | 24.42 | 23.32 | 11.94 | 16.17 | 15.0 | |||||
| P/S | 4.54 | 5.77 | 5.77 | 5.61 | 3.70 | 5.96 | 0.00 | 3.68 | 2.68 | 2.19 | 2.25 | 4.0 | ||||||
| P/B | 3.75 | 4.17 | 3.73 | 3.55 | 2.68 | 6.06 | 0.00 | 3.99 | 3.31 | 3.33 | 3.80 | 3.5 | ||||||
| EV/Sales | 7.02 | 8.26 | 8.44 | 9.30 | 6.19 | 8.18 | 14.64 | 6.05 | 5.17 | 4.67 | — | 7.8 | ||||||
| EV/FCF | 13.56 | 16.44 | 15.99 | 17.63 | 10.57 | 14.30 | 3.09 | 9.58 | 9.82 | 10.28 | — | 12.1 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 507 | 566 | 704 | 812 | 985 | 1,069 | 1,239 | 1,204 | 1,138 | 1,055 | 1,261 | +8.5% | |||||
| Capex | (5) | (8) | (25) | (27) | (8) | (8) | (3) | (4) | 1 | (2) | (5) | (12.8%) | ||||||
| Free cash flow | 502 | 558 | 679 | 786 | 977 | 1,062 | 1,236 | 1,200 | 1,139 | 1,053 | 1,256 | +8.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 4,006 | 4,726 | 5,798 | 7,122 | 7,114 | 6,764 | 6,502 | 7,045 | 8,373 | 8,076 | 8,174 | +8.1% | |||||
| Net debt | 3,069 | 2,761 | 3,433 | 5,492 | 4,146 | 4,120 | 4,101 | 4,503 | 5,402 | 5,747 | 6,076 | +7.2% | ||||||
| Shareholders’ equity | 1,174 | 1,536 | 1,991 | 2,355 | 2,303 | 1,824 | 1,624 | 1,754 | 1,750 | 1,524 | 1,389 | +2.9% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 8.77 | 10.22 | 10.23 | 9.61 | 5.65 | 13.18 | 7.68 | 3.94 | 3.01 | 4.85 | 3.85 | (3.9) pt | |||||
| ROIC | 9.65 | 10.57 | 10.81 | 8.63 | 7.63 | 15.39 | 1.52 | 7.06 | 7.40 | 9.47 | 7.81 | (0.2) pt | ||||||
| ROE | 31.67 | 34.71 | 32.55 | 30.19 | 18.08 | 46.44 | 31.08 | 16.94 | 14.15 | 25.90 | 22.72 | (5.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 1,609 | 1,817 | 2,040 | 2,016 | 2,033 | 2,073 | 2,246 | 2,232 | 2,431 | 2,499 | — | +5.0% | |||||
| Revenue/emp, $m | 0.60 | 0.61 | 0.63 | 0.74 | 0.82 | 0.90 | 0.12 | 0.85 | 0.89 | 0.93 | — | +4.9% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
Business profile
Credit Acceptance Corporation vs peers in Credit Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| FCFS FirstCash Holdings, Inc. | $7.8B | 20.0× | 19.0× | +17.70% (above 0%: growing) | +25.27% (above 0%: growing) | −12.69% (below 0%: shrinking) | 49.54% | 15.77% | Compare |
| KLAR Klarna Group plc | $7.2B | — (loss-making) | 8.2× | +26.61% (above 0%: growing) | n/m | −129.24% (below 0%: shrinking) | 61.23% | 2.59% | Compare |
| OMF OneMain Holdings, Inc. | $6.2B | 8.4× | 8.4× | +9.52% (above 0%: growing) | −4.19% (below 0%: shrinking) | −2.42% (below 0%: shrinking) | 79.74% | 0.00% | Compare |
| SEZL Sezzle Inc. | $5.2B | 28.9× | 28.2× | +42.56% (above 0%: growing) | +81.82% (above 0%: growing) | +514.51% (above 0%: growing) | 85.08% | 38.59% | Compare |
| CACC Credit Acceptance Corporation | $5.1B | 16.2× | 15.0× | +2.09% (above 0%: growing) | n/m | +11.81% (above 0%: growing) | 100.00% | 8.63% | |
| NNI Nelnet, Inc. | $4.4B | 18.2× | 16.9× | −0.77% (below 0%: shrinking) | −46.68% (below 0%: shrinking) | +566.82% (above 0%: growing) | 80.22% | 0.00% | Compare |
| ENVA Enova International, Inc. | $4.1B | 11.0× | 10.8× | +25.73% (above 0%: growing) | +33.85% (above 0%: growing) | +11.38% (above 0%: growing) | 60.88% | 24.50% | Compare |
| BFH Bread Financial Holdings, Inc. | $3.7B | 7.6× | 7.6× | +2.96% (above 0%: growing) | −1.26% (below 0%: shrinking) | +0.17% (above 0%: growing) | 100.00% | 76.97% | Compare |
| SLM SLM Corporation | $3.0B | 6.1× | 8.6× | −21.40% (below 0%: shrinking) | n/m | −115.63% (below 0%: shrinking) | 57.53% | 0.00% | Compare |
| Median of peers | $4.8B | 11.0× | 9.7× | +13.61% | +12.00% | −1.12% | 70.49% | 9.18% |
From the latest earnings call
- CEO Vinayak Hegde said the company lowered collection forecasts after identifying loan underperformance, particularly in lower scorecard bands, while newer loans need more performance history.
- CFO Joe Billante attributed growth in loan assignments to scorecard changes, dealer engagement and expanded integrations with application platforms.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
73.19%
Held by the ten largest
45.34%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Prescott General Partners LLC | 1.44m | 13.85% | 0.00 |
| BlackRock | 642.10k | 6.19% | +410.46k |
| Boston Partners | 573.62k | 5.53% | +13.41k |
| Vanguard | 477.89k | 4.61% | +47.87k |
| Gobi Capital LLC | 358.07k | 3.45% | 0.00 |
| BECK MACK & OLIVER LLC | 305.98k | 2.95% | −3.00k |
| Wellington Management | 260.08k | 2.51% | +1.19k |
| Dimensional Fund Advisors | 237.44k | 2.29% | +6.73k |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 213.68k | 2.06% | −17.65k |
| Smead Capital Management, Inc. | 198.81k | 1.92% | −11.66k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 28 April 2026
Ownership
Directors and executive officers, together
6.10%
Allan V. Apple
21.50%
Prescott General Partners LLC et al.
21.20%
Jill Foss Watson
16.20%
John P. Neary
8.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Credit Acceptance Corporation (CACC) Latest News
What happened
- Why Credit Acceptance (CACC) shares are falling today StockStory
- Credit Acceptance Sinks 20% on $291 Million Loan Forecast Cut After “Small but Consistent” Underperformance TIKR
- Credit Acceptance Q3 Earnings Call Highlights MarketBeat
- Credit Acceptance (CACC) to report earnings tomorrow: here is what to expect StockStory
- Credit Acceptance (CACC) Sets Q3 2026 Results Date, Is The 9% Upside Enough? Simply Wall St.
- Credit Acceptance (CACC) Stock Looks Below Fair Value On Its 29% Run Simply Wall St.
- Over 50,000 drivers could have $634M in car debt erased after lender ‘preyed on’ consumers. Do you qualify?
- Credit Acceptance (CACC) Settles with States. How Much Financial Risk Remains? Insider Monkey
- Could you get debt relief from Credit Acceptance car loan deal? freep.com
- What's Next for CACC After Its Multistate Lending Settlement?
16 more headlines
- Is Credit Acceptance (CACC) Undervalued Following Its Earnings Loss, Lower Outlook And Legal Probe? Simply Wall St.
- CACC (CACC) Q3 2026 Earnings Call Transcript The Motley Fool transcript
- Credit Acceptance Corporation Q3 2026 Earnings Call Summary Moby
- Credit Acceptance: Q3 Earnings Snapshot Associated Press earnings
- Credit Acceptance (CACC) Stock Looks About Right On Current Earnings Simply Wall St.
- Fortune Media and Great Place To Work® Name Credit Acceptance to 2026 Best Workplaces in Financial Services™ List for the 12th Consecutive Year GlobeNewswire
- Encore Capital Stock Soars 73.8% YTD: Is There Further Upside Left? Zacks
- Credit Acceptance Announces Shannon Wilson as Chief Human Resources Officer GlobeNewswire
- Franklin Templeton (BEN) Could Be 6% Undervalued Following Credit Acceptance Settlement
- Credit Acceptance Reaches Resolution With State Attorneys General
- Could Credit Acceptance (CACC) Keep Rising as Credit Trends Improve?
- The Bull Case For Credit Acceptance (CACC) Could Change Following New US$600 Million ABS Financing Deal
- Credit Acceptance Announces Completion Of $600.0 Million Asset-Backed Financing
- Credit Acceptance Announces New Chief Technology Officer to Advance Digital-First, AI-Enabled Business Evolution
- Credit Acceptance (CACC) Q2 2026 Earnings Call Transcript The Motley Fool transcript
- All You Need to Know About Credit Acceptance (CACC) Rating Upgrade to Buy
CACC metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
Credit Acceptance provides vehicle financing through a nationwide network of automobile dealers. Its programs help dealers sell vehicles to consumers, including people with impaired or limited credit histories who may have difficulty obtaining conventional financing. The company was founded in 1972, is headquartered in Southfield and is led by Chief Executive Officer Vinayak Hegde.
The dealer originates the consumer’s loan and assigns it to Credit Acceptance. The company then administers the loan, collects payments and reports to the national credit reporting agencies. Consumers make their loan payments directly to Credit Acceptance.