Credit Acceptance

Q4 2025 +10.57%Q3 2025 +0.95%Q2 2025 -8.63%Q1 2025 -4.03%Q4 2024 -1.22%Q3 2024 -6.06%Q2 2024 -15.77%Q1 2024 -6.88%Q4 2023 +4.88%Q3 2023 -0.53%Q2 2023 -13.14%Q1 2023 -12.13%Q4 2022 +17.23%Q3 2022 -6.08%Q2 2022 -8.16%Q1 2022 +21.34%Q4 2021 -0.94%Q3 2021 +12.05%Q2 2021 +2.58%Q1 2021 +0.38%Q4 2020 -14.06%Q3 2020 -4.86%Q2 2020 -2.41%Q1 2020 +4.09%Q4 2019 -7.05%Q3 2019 -5.99%Q2 2019 -2.11%Q1 2019 -0.97%Q4 2018 -2.61%Q3 2018 +8.38%Q2 2018 +13.68%Q1 2018 -2.13%Q4 2017 -11.55%Q3 2017 -4.10%Q2 2017 +9.11%Q1 2017 +7.91%Q4 2016 -5.55%Q3 2016 -11.41%Q2 2016 +5.01%Q1 2016 -5.78%Q4 2015 -3.42%Q3 2015 -13.06%Q2 2015 +9.84%Q1 2015 +9.86%Q4 2014 +13.41%Q3 2014 +6.34%Q2 2014 -3.59%Q1 2014 -6.95%Q4 2013 +8.12%Q3 2013 -0.69%Q2 2013 +0.39%Q1 2013 -2.22%Q4 2009 -7.53%Q4 2012 +3.46%Q3 2012 -0.09%Q2 2012 +4.18%Q1 2011 -7.27%Q1 2012 -0.47%Q4 2011 +0.03%Q3 2010 +5.57%Q3 2011 +5.57%Q2 2010 -0.69%Q2 2011 -0.69%Q4 2010 -0.69%Q1 2010 -0.09%

Apr 29, 2021

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Mar 31, 2021

Credit Acceptance Q1 2021 Earnings Report

Credit Acceptance reported a net income of $202.1 million and EPS of $11.82 for Q1 2021, with adjusted net income at $164.8 million and adjusted EPS at $9.64. The company reached an agreement in principle to settle pending litigation with the Commonwealth of Massachusetts, recognizing a contingent loss of $27.2 million. Consumer loan assignment volumes declined, but collections improved due to federal stimulus payments.

Key Takeaways

Credit Acceptance Corporation announced a consolidated net income of $202.1 million, or $11.82 per diluted share, for the three months ended March 31, 2021, compared to a consolidated net loss of $83.8 million, or $4.61 per diluted share, for the same period in 2020. Adjusted net income for the three months ended March 31, 2021 was $164.8 million, or $9.64 per diluted share, compared to $175.7 million, or $9.66 per diluted share, for the same period in 2020.

Net income increased significantly to $202.1 million, or $11.82 per diluted share, compared to a net loss of $83.8 million, or $4.61 per diluted share, in the same period last year.

Adjusted net income decreased to $164.8 million, or $9.64 per diluted share, from $175.7 million, or $9.66 per diluted share, in the prior year.

A contingent loss of $27.2 million was recognized due to an agreement in principle to settle pending litigation with the Commonwealth of Massachusetts.

Consumer Loan unit volume declined by 7.5%, and dollar volume declined by 2.2%, while front end collections and total collections improved due to additional federal stimulus payments.

Consumer Loan unit volume

93.87K

Previous year: 101.48K

-7.5%