Credit Acceptance jumps after Q1 profit surge and $450M ABS refinancing
CACC•Credit Acceptance shares are rising after the company reported first-quarter 2026 results late May 5, 2026, including GAAP net income of $135.8 million ($12.40 per diluted share). Investors also reacted to a $450 million asset-backed financing completed May 5 that refinanced debt at an expected 5.2% average annualized cost.
1) What’s moving the stock
Credit Acceptance (CACC) is up after reporting first-quarter 2026 results after the close on May 5, 2026, highlighted by GAAP net income of $135.8 million, or $12.40 per diluted share. The move is being reinforced by the company’s disclosure of a $450.0 million term asset-backed securitization (ABS) financing completed on May 5, which management said was used to repay outstanding indebtedness and for general corporate purposes, with an expected average annualized cost of 5.2%. (globenewswire.com)
