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Most car-loan stories end with a tow truck. This one ends, for tens of thousands... The post Credit Acceptance Settlement: Who Gets Car Debt Forgiven and What Comes Next appeared first on The Auto Wire.

The debt cancellation works out to roughly $11,500 per affected borrower if divided evenly.

Detailed price information for Credit Acceptance (CACC-Q) from The Globe and Mail including charting and trades.

Nearly 5,000 Georgia consumers could receive relief from loans issued by Credit Acceptance Corporation.

Franklin Templeton (BEN) has come back into focus after Credit Acceptance Corporation resolved a multistate investigation into its subprime auto lending practices, agreeing to over $630 million in consumer debt relief and a $60 million relief fund. Franklin Templeton’s link to the Credit Acceptance settlement lands at a moment when its share price has eased about 3.8% over the past month and 2.7% over 90 days, even though the year to date share price return is up 38.7% and the 1 year total...

The office of Arkansas Attorney General (AG) Tim Griffin announced Thursday Griffin's involvement in a $694 million lawsuit settlement. The multistate settlement with Credit Acceptance Corporation (CAC), an auto finance conglomerate, stems from allegations that the business originated loans that the company knew or should have known customers couldn't afford. General Griffin, co-leading the lawsuit, alleged that consumers couldn't afford various CAC score loans, including a loan's principal amount.

Credit Acceptance (CACC) will provide $694 million in cash and debt relief under a settlement with N

Southfield, Michigan, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we extended the date on which our $500.0 million revolving secured warehouse facility (the “Facility”) will cease to revolve from September 20, 2027 to September 15, 2028. The interest rate on borrowings under the Facility has been decreased from the Secured Overnight Financing Rate (“SOFR”) plus 185 b

Credit Acceptance (CACC) has extended the revolving period on its $500 million secured warehouse fac

Investors need to pay close attention to CACC stock based on the movements in the options market lately.

The London Company, an investment management company, released its second-quarter 2026 investor letter for its “Small-Mid Cap Strategy.” The letter can be downloaded here. U.S. equities rebounded sharply in Q2, with the Russell 3000 gaining 15.4%, supported by AI infrastructure spending, strong earnings, and easing Middle East tensions. Technology led the rally as semiconductors recovered, […]

Detailed price information for Credit Acceptance (CACC-Q) from The Globe and Mail including charting and trades.

Detailed price information for Credit Acceptance (CACC-Q) from The Globe and Mail including charting and trades.

Detailed price information for Moelis (MC-N) from The Globe and Mail including charting and trades.

Earlier this month, Credit Acceptance Corporation completed a US$600.0 million asset-backed non-recourse secured financing, transferring about US$750.2 million of consumer loans into a trust that issued three classes of notes with average lives between roughly 2.5 and 3.7 years and interest rates just above 5%. The transaction lowers the company’s funding cost, preserves dealer relationships, and leaves Credit Acceptance with about US$1.80 billions of unused borrowing capacity and...

Detailed price information for Credit Acceptance (CACC-Q) from The Globe and Mail including charting and trades.

Southfield, Michigan, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) has been named one of PEOPLE Magazine’s 100 Companies That Care® by Great Place To Work® and PEOPLE magazine for the fifth consecutive year. Credit Acceptance was ranked 11th among the 100 companies that made the list, up 33 spots from last year. “This award acknowledges our ongoing commitment to treating people – whether i

Southfield, Michigan, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced that Jeetu Mirchandani, a veteran technology and AI executive with more than two decades of leadership experience at Amazon, will join the Company as Chief Technology Officer on August 27, 2026. In this role, he will lead Credit Acceptance’s Engineering organization and technology strategy, helping accelerat

Credit Acceptance’s second quarter results reflected a mix of margin expansion and modest loan volume improvements, even as revenue growth remained limited. Management highlighted that profitability gains stemmed from deliberate operational changes, including tighter pricing, improved segmentation, and operating efficiency. CEO Vinayak Hegde emphasized that “the progress we are seeing is the result of a series of deliberate changes we have made across the business,” noting that unit volumes retu

Credit Acceptance’s Q2 Earnings Call: Our Top 5 Analyst Questions

Detailed price information for Robinhood Markets Cl A (HOOD-Q) from The Globe and Mail including charting and trades.

Detailed price information for Enova International Inc (ENVA-N) from The Globe and Mail including charting and trades.

Detailed price information for Credit Acceptance (CACC-Q) from The Globe and Mail including charting and trades.

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Credit Acceptance (CACC) reported Q2 non-GAAP net income late Tuesday of $12.12 per diluted share, u

Southfield, Michigan, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $135.9 million, or $12.66 per diluted share, for the three months ended June 30, 2026. Adjusted net income, a non-GAAP financial measure, for the three months ended June 30, 2026 was $130.1 million, or $12.12 per diluted share. The following table summarizes our financial results:

Credit Acceptance (NASDAQ:CACC) reported higher second-quarter earnings as lower credit-loss provisions and improved yields on newer loans helped offset a modest decline in loan assignment unit volume. Management said monthly volume returned to year-over-year growth in June and continued to rise in

Detailed price information for Credit Acceptance (CACC-Q) from The Globe and Mail including charting and trades.

Credit Acceptance stock has gained 23.1% year to date, yet its low value score and recent share price pullback raise questions about how much upside is already priced in. Year to date, Credit Acceptance is up 23.1%. This puts recent weakness into context and suggests the stock has already had a strong run in 2026. The company is reshaping its leadership to support a digital first strategy. This can help long term efficiency and growth expectations, while execution risk around this transition...

Credit Acceptance (CACC) is back in focus after the company announced several leadership changes tied to its digital-first strategy, including the hiring of Siddharth Lal as Chief Marketing Officer. See our latest analysis for Credit Acceptance. The recent executive reshuffle comes as Credit Acceptance trades at US$558.55, with a 1 day share price return of 1.05% and a 7 day share price return that declined 9.69%. The 90 day share price return of 11.57% and year to date share price return of...

Southfield, Michigan, July 28, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we expect to issue a news release with our second quarter 2026 earnings on Tuesday, August 4, 2026, after the market closes. A webcast is scheduled for Tuesday, August 4, 2026, at 5:00 p.m. Eastern Time to discuss second quarter 2026 earnings. Conference Call and Webcast Information:Date: Tuesday, Augus

Southfield, Michigan, July 27, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”), announced leadership changes designed to advance our digital-first strategy and position the Company for long-term success. Siddharth Lal is joining the Company as Chief Marketing Officer. In this role, Mr. Lal will lead Credit Acceptance’s Marketing organization and will have ongoing executive leadership responsibility fo

Detailed price information for Credit Acceptance (CACC-Q) from The Globe and Mail including charting and trades.