Credit Acceptance reported third-quarter revenue of $420.3 million, up 3.8% year on year but 12.5% below analysts' estimates of $480.6 million. Adjusted earnings per share were $13.01, beating the $12.34 forecast. Operating margin fell to -17.5% from 36.8% a year earlier. Loan unit volume rose 38%, and the company signed a record number of active dealers. Chief executive officer Vinayak Hegde credited aggregator platform integrations, greater dealer engagement, and better risk segmentation. The company also cut its forecast collection rates for loans originated between 2022 and 2026, citing new performance data. Management said the underperformance came mainly from legacy lower-risk bands identified by internal risk scoring, and was not related to litigation. Shares trade at $468.22, down from $575.78 before the results. Market capitalisation is $4.83 billion.

Did you lose money on Credit Acceptance Corporation stock? The Law Offices of Howard G. Smith announces securities fraud investigation after 19.40% share price decline. Investigation comes after a October 29, 2026 report concerning Credit Acceptance Corporation; shareholders who suffered losses may have claims to recover them BENSALEM, Pa.-(BUSINESS WIRE)-Investors who suffered losses on Credit Acceptance Corporation ("Credit Acceptance" or the "Company") stock may have claims to recover those losses. The Law Offices of Howard G. Smith today reported that it is conducting a securities fraud investigation on behalf of Credit Acceptance Corporation (NASDAQ: CACC) investors into whether the Company may have violated the federal securities laws. The investigation comes after a October 29, 2026 disclosure concerning Credit Acceptance Corporation. Investors with losses on Credit Acceptance Corporation securities can contact The Law Offices of Howard G. Smith about the Credit Acceptance Corporation investigation to learn about potentially pursuing claims to recover their losses. Key facts for Credit Acceptance Corporation investors * Disclosure: October 29, 2026 * Stock drop: $111.69 per share, or 19.40% What happened? On October 29, 2026, Credit Acceptance reported third quarter 2026 financial results. Among other items, the Company reduced forecasted collection expectations across 2022-2026 loans, and cut forecasted net cash flows by $291.2 million. The Company stated it had seen "small but consistent quarterly underperformance relative to forecast," and updated its expectations accordingly. On this news, Credit Acceptance stock fell $110.89, or 19.26%, to close at $464.89 on October 30, 2026, thereby injuring investors. "On October 29, 2026, it was reported that Credit Acceptance had reduced its forecasted collection expectations across 2022-2026 loans and cut forecasted net cash flows by $291.2 million, and Credit Acceptance Corporation stock lost 19.40% of its value. Our investigation is focused on whether shareholders had the full story before that report," said Howard G. Smith of The Law Offices of Howard G. Smith. Next steps for Credit Acceptance Corporation investors The Law Offices of Howard G. Smith is examining potential claims on behalf of Credit Acceptance Corporation investors. Investors with losses can visit the firm's website, email [email protected], or call (215) 638-4847 to discuss the Credit Acceptance Corporation investigation. Common questions from Credit Acceptance Corporation investors Who is eligible? Credit Acceptance Corporation investors who bought securities and lost money may have claims, and can reach out to the firm to learn whether the Credit Acceptance Corporation investigation affects them. What is a securities fraud investigation? Through the Credit Acceptance Corporation investigation, The Law Offices of Howard G. Smith is reviewing whether the Company or its officers may have made false or misleading statements to investors in violation of the federal securities laws. Has a lawsuit been filed? This release announces an investigation of Credit Acceptance Corporation by The Law Offices of Howard G. Smith, not a lawsuit. If a securities class action is later filed, Credit Acceptance Corporation investors may be able to seek appointment as lead plaintiff. Does it cost anything? The Law Offices of Howard G. Smith works on contingency, meaning Credit Acceptance Corporation investors owe no attorneys' fees out of pocket. Any attorneys' fees and litigation expenses are paid solely from a recovery, if achieved, and require court approval. Whistleblower notice Individuals with non-public information about Credit Acceptance Corporation should consider their options to help the investigation or take part in the SEC Whistleblower Program. Whistleblowers who provide original information that leads to a successful SEC enforcement action may receive awards of 10 to 30 percent of the sanctions collected, when those sanctions exceed $1 million. For more information, contact Howard G. Smith at (215) 638-4847 or email [email protected]. About The Law Offices of Howard G. Smith The Law Offices of Howard G. Smith has helped injured investors recover their money for more than 15 years. The firm prosecutes securities fraud, takeover, and derivative litigation against public companies and their officers, directors, and advisors in federal and state courts nationwide, and has helped clients recover hundreds of millions of dollars in losses. Clients speak directly with a lawyer, who will promptly answer any question. Prior results do not guarantee a similar outcome. Contacts. Howard G. Smith The Law Offices of Howard G. Smith 3070 Bristol Pike, Suite 112 Bensalem, PA 19020 Email: [email protected] Telephone: (215) 638-4847 www.howardsmithlaw.com Law Offices of Howard G. Smith. NASDAQ:CACC Release Versions Howard G. Smith The Law Offices of Howard G. Smith 3070 Bristol Pike, Suite 112 Bensalem, PA 19020 Email: [email protected] Telephone: (215) 638-4847 www.howardsmithlaw.com

Credit Acceptance shares fell 20% after the company cut its forecast of loan collections by $291.2 million, which pushed it to a third-quarter loss. It lost $56.6 million on a GAAP basis, against a $108.2 million profit a year earlier. Adjusted earnings per share rose 27% to $13.01, beating estimates, and loan volume grew 51%. The company reported "small but consistent" underperformance on loans made from 2022 to 2026. Loans from 2023 are now expected to collect 62.4% of what borrowers owed, down from 67.5% at origination. It is also paying dealers more up front. Its advance rate on third-quarter loans was 46.6%, up from 45.2% in the first half. Rivals show little sign of the same problem. Ally Financial's retail auto net charge-offs were 1.89%, and Capital One's auto charge-off rate was 1.59%.