CREDIT ACCEPTANCE CORP

Credit Acceptance Corporation is an indirect auto financing company that enables automobile dealers to sell vehicles to consumers regardless of credit history. Operating in a single business segment, the company provides two primary financing programs: the Portfolio Program, which advances capital to dealers in exchange for loan servicing rights, and the Purchase Program, which buys retail installment contracts outright. It also provides ancillary products through third parties, including vehicle service contracts and guaranteed asset protection. The company's clients are franchised and independent car dealers, serving car buyers who typically have limited or impaired credit profiles.

The company operates across the United States, targeting an industry of approximately 60,000 automobile dealerships. It supports a nationwide network of active dealers through localized market area managers. Loan assignments are distributed across many states, led by volume in Michigan, Texas, Ohio, New Jersey, and Florida. The provided report does not disclose the location of the company's headquarters.

Summary of the business section of Credit Acceptance's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“As of December 31, 2025, we had 2,314 full- and part-time team members.”