SHARPE
Reported results
- GAAP consolidated net loss was $56.6 million, or $5.43 per diluted share, for the three months ended September 30, 2026, compared to GAAP consolidated net income of $108.2 million, or $9.43 per diluted share, for the same period in 2025.
- Non-GAAP adjusted net income for the three months ended September 30, 2026 was $135.5 million, or $13.01 per diluted share, compared to $117.9 million, or $10.28 per diluted share, for the same period in 2025.
- Non-GAAP economic profit was $50.7 million, or $4.87 per diluted share, for the third quarter of 2026, compared to $43.0 million, or $3.75 per diluted share, in the third quarter of 2025.
- Consumer Loan assignment volume reached 110,010 units and $1.4 billion, up 37.7% and 51.0%, respectively, compared to the third quarter of 2025.
- GAAP total provision for credit losses was $410.9 million for the three months ended September 30, 2026, compared to $152.0 million for the three months ended September 30, 2025.
Notes
During the third quarter of 2026, Credit Acceptance adjusted its methodology for forecasting future net cash flows from its loan portfolio, which reduced forecasted collection rates for Consumer Loans assigned in 2022 through 2026.
Price and volatility reaction
The stock moved -19.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +101.4 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 575.78 | 2026-10-29 |
| Close after release | 464.89 | 2026-10-30 |
| Realised move | -19.3% | close to close |
| 30d ATM IV change | +101.4 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.