Credit Acceptance releases transcript of Q2 2026 earnings call

• Credit Acceptance posted the transcript of its Q2 2026 earnings call attended by CEO Vinayak Hegde, CFO Joseph Billante, Senior Adviser Jay Martin, Treasurer Jay Brinkley, Assistant Treasurer Jeff Soutar.
• GAAP net income rose to $135.9 million, or $12.66 per diluted share, helped by a lower provision for credit losses and no repeat of a $23 million loss.
• Adjusted net income increased to $130.1 million, or $12.12 per diluted share, as higher-yield newer loans replaced lower-yield older vintages.
• Consumer Loan assignment unit volume fell 1%, but turned positive in June; July rose over 20% year over year, roughly back to 2024 levels.
• Forecasted net cash flows fell $39.1 million, or 0.3%; management cited slower-than-expected prepayments as the main timing headwind, with 2025 loans near initial forecasts.

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