Credit Acceptance reported third‑quarter 2025 results, posting consolidated net income of $108.2 million, or $9.43 per diluted share, and adjusted net income of $117.9 million, or $10.28 per diluted share.
Revenue for the quarter was $582.4 million, up 5.8% from $550.3 million in Q3 2024, driven by higher finance charges and a lower provision for credit losses.
The company’s total loan portfolio reached a record $9.1 billion, up 2% year‑over‑year, while the average loan balance rose 3.9% to $8.0 billion. Market share in the subprime auto‑finance sector fell from 6.5% to 5.1% as competition intensified.
Management highlighted the modernization of its loan‑origination system, which has improved product development speed and dealer support, contributing to the stronger profitability profile.
The company also announced that long‑time CEO Ken Booth will retire after 34 years, with Vinayak Hegde appointed as the new chief executive officer.
Adjusted earnings per share beat consensus estimates by 8.8%, with analysts expecting $9.61 per share.
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