Credit Acceptance Corporation (CACC) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the Credit Acceptance Corporation earnings call. As you read our news release posted on the investor relations section of our website at ir.creditacceptance.com, and as you listen to this conference call, please recognize that both contain forward-looking statements within the meaning of federal securities law. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control and which could cause actual results to differ materially from such statements. These risks and uncertainties include those spelled out in the cautionary statement regarding forward-looking information included in the news release. Consider all forward-looking statements in light of those and other risks and uncertainties. Additionally, to comply with the SEC's Regulation G, please refer to the Financial Results section of our news release, which provides tables showing how non-GAAP measures reconcile to GAAP measures. At this time, I'd like to introduce our Chief Executive Officer, Vinayak Hegde. Good afternoon, everyone. I'm honored to join you today for my first quarterly earnings call as CEO. While I have only recently stepped into this role, it has been my privilege to serve as Credit Acceptance's board of directors for nearly five years. That experience gave me a front row seat to the tremendous passion, talent, and resilience that define our organization. Prior to joining Credit Acceptance, I led teams at founder-led companies where success came down to three things, a clear mission and purpose, an owner's mindset, and an obsession with the front line, staying close to customers and those who execute the work every day. Those same attributes drew me to credit acceptance. They were instilled by our founde...