Credit Acceptance Corp. (CACC) Investigation - CACC

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Credit Acceptance Corp. (CACC) (NASDAQ: CACC)

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Credit Acceptance Corp. (CACC) Investigation Details

Levi & Korsinsky is investigating potential securities law violations at Credit Acceptance Corp. (NASDAQ: CACC) concerning statements about how the Company's auto loans were performing relative to its own collection forecasts. On its second-quarter 2026 earnings call, executives said they had no concerns with the forecast and described loan performance as very consistent with initial expectations. On October 29, 2026, the Company reported a third-quarter net loss of $56.6 million, compared with net income of $108.2 million a year earlier, driven by a $291 million reduction in expected cash flows on loans originated from 2022 through 2026, which management attributed to a new forecasting method and small but consistent underperformance among its lowest-rated borrowers. The stock fell roughly 16% following the announcement. Shareholders who lost money on CACC are encouraged to submit their information for a no-cost evaluation of their potential recovery.

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