EarningsQ2 2026 Earnings Report
DE:2D5 Q2 2026 EPS Results
Actual EPS€10.81
Consensus EPS€10.88
Beat/MissMissed by -€0.07
One Year Ago EPS€7.64
DE:2D5 Q2 2026 Revenue Results
Actual Revenue€524.09M
Expected Revenue€524.69M
Beat/MissMissed by -€595.11K
YoY Revenue Growth+0.62%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
DE:2D5 Upcoming Earnings
Credit Acceptance's next earnings date is estimated for November 2, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:2D5 Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed materially positive near-term financial results—strong GAAP and adjusted earnings growth, improving origination trends (monthly unit growth in June/July), record active dealer counts, modest loan-dollar growth, and strengthened liquidity—while acknowledging persistent but moderating credit and timing headwinds. Management emphasized disciplined, data-driven improvements (pricing, segmentation, AI tooling) and called the transformation early but showing tangible results. Key risks highlighted include slower-than-expected prepayments (continuing to pressure provisions), modest underperformance in the 2025 vintage, and unit/per-dealer activity still below peak. On balance, the positive operational momentum and significant earnings improvement outweigh the measured portfolio challenges.Company Guidance
Strong Earnings Growth
GAAP net income of $135.9M or $12.66 per diluted share, up 71% year-over-year. Adjusted net income of $130.1M or $12.12 per diluted share, up 21% year-over-year; improvement driven by decreased provision for credit losses and a nonrecurring $23M contingent loss in prior year.
Improving Volume Trends and Return to Growth
Consumer loan assignment unit volume decline moderated to -1% year-over-year in Q2 (improved from -4.3% in Q1). Monthly unit volumes returned to year-on-year growth in June and continued into July; July volumes were up over 20% year-over-year, bringing volumes approximately back to 2024 levels.
Loan Dollar Volume Stabilizing
Loan dollar volume grew modestly by 0.1% in Q2 versus a -4% decline in Q1, reflecting improving origination dollar trends and higher yields on newer loans.
Expanded Dealer Footprint and Record Dealer Activity
Financed over 84,000 contracts in the quarter, enrolled over 1,400 new dealers, and had over 11,000 active dealers—the second consecutive record-setting quarter for active dealers.
Portfolio Performance Showing Greater Stability
Forecasted net cash flows from the loan portfolio declined $39.1M (down 0.3%) in Q2, an improvement versus a $55.8M (0.5%) decline a year earlier. The 2022 vintage remained stable through H1 2026; the 2025 vintage experienced modest underperformance but remained within ~10 basis points of initial forecast.
Operational and Data-Driven Improvements
Company highlighted progress on pricing, segmentation, improved scorecards, dealer integrations (RouteOne, Dealertrack, dealer center), and AI-enabled tools for sales, risk decisioning and servicing—efforts expected to improve underwriting precision and operating efficiency.
Strong Liquidity Position
Ended the quarter with approximately $1.4B available for borrowing under revolving credit facilities, providing financial flexibility for disciplined capital allocation.
DE:2D5 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed