Credit Acceptance releases transcript of Q2 2026 earnings call

• 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 more than 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.

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, and Assistant Treasurer Jeff Soutar.