Credit Acceptance Announces Second Quarter 2026 Results

About this update from Credit Acceptance Corporation

[{"type":"image","size":{"original":{"url":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///ywAAAAAAQABAAACAUwAOw=="}},"alt":"Credit Acceptance Corporation"},{"type":"text","tagName":"p","content":" Southfield, Michigan, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the \"Company\", \"Credit Acceptance\", \"we\", \"our\", or \"us\") today announced consolidated net income of $135.9 million, or $12.66 per diluted share, for the three months ended June 30, 2026. Adjusted net income, a non-GAAP financial measure, for the three months ended June 30, 2026 was $130.1 million, or $12.12 per diluted share. The following table summarizes our financial results: "},{"type":"table","items":[{"val":[{"val":[{"type":"text","tagName":"p","content":" (In millions, except per share data) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" For the Three Months Ended "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" March 31, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" June 30, 2025 "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" GAAP net income "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         135.9  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         135.8  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         87.4  "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" GAAP net income per diluted share "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         12.66  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         12.40  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         7.42  "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" Adjusted net income "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         130.1  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         117.3  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         118.3  "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" Adjusted net income per diluted share "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         12.12  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         10.71  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         10.05  "}]}]}]},{"type":"text","tagName":"p","content":" \"Our second quarter results reflect continued progress across the business, driven by improved profitability, strengthening origination trends, and continued momentum across our dealer network, \" said Vinayak Hegde, Chief Executive Officer of Credit Acceptance. \"We are encouraged by the progress we made during the quarter and remain focused on profitable growth, disciplined capital allocation, and maximizing long-term intrinsic value per share.\" "},{"type":"text","tagName":"p","content":" Second Quarter 2026 Financial Highlights "},{"type":"list","bulletedList":true,"items":[{"val":[{"type":"text","tagName":"p","content":" $8.0 billion average balance of our loan portfolio, consistent with the second quarter of 2025. "}]},{"val":[{"type":"text","tagName":"p","content":" Consumer Loan assignment unit volume declined 1.0% to 84,615 while dollar volume grew 0.1% to $1.0 billion, compared to the second quarter of 2025. Monthly unit volume returned to year-over-year growth in June, which continued into July. "}]},{"val":[{"type":"text","tagName":"p","content":" Forecasted net cash flows from our loan portfolio declined by $39.1 million, or 0.3%, compared to a decline of $55.8 million, or 0.5%, in the second quarter of 2025. "}]},{"val":[{"type":"text","tagName":"p","content":" 262,963 shares, or 2.5% of the shares outstanding at the beginning of the quarter, were repurchased at a cost of $141.4 million. "}]},{"val":[{"type":"text","tagName":"p","content":" $43.5 million in dealer holdback and accelerated dealer holdback payments to dealers. "}]},{"val":[{"type":"text","tagName":"p","content":" $1.4 billion in liquidity (amounts available for borrowing under revolving lines of credit and unrestricted cash and cash equivalents) as of June 30, 2026. "}]}]},{"type":"text","tagName":"p","content":" \"We continue to make meaningful progress in our digital-first, AI-enabled strategy, \" said Mr. Hegde. \"From enhancing the dealer experience through improved deal structuring and workflow tools to scaling AI-enabled servicing capabilities, we are using data and technology to create a more personalized experience for dealers and consumers. At the center of this work is a commitment to customer obsession — better understanding our customers, anticipating their needs, and delivering a better experience at every interaction.\" "},{"type":"text","tagName":"p","content":" Second Quarter 2026 Company Highlights "},{"type":"list","bulletedList":true,"items":[{"val":[{"type":"text","tagName":"p","content":" Enrolled 1,456 new dealers in our programs with a record 11,004 active dealers during the quarter, reflecting continued engagement across our dealer network. "}]},{"val":[{"type":"text","tagName":"p","content":" Made continued progress executing our product roadmap, including the following initiatives: Deal optimization: Enhanced our deal structuring experience, which helps dealers find an optimal deal. 90% of active dealers used the new capability during the quarter. AI-enabled call-center agent: 67% of inbound customer service and account solutions calls were routed to the AI agent in June, up from 27% in March, driving improved efficiency, enabling faster 24/7 customer self-service, and reducing cost-to-serve at scale. This performance reflects continued expansion of a production-deployed AI capability that is now integrated into core servicing workflows. We expect further gains in call handling and unit economics as we scale this platform throughout 2026. "}]},{"val":[{"type":"text","tagName":"p","content":" Named one of the 100 Best Companies to Work For® by Great Place to Work® and Fortune magazine for the twelfth time, with a #18 ranking, our highest ranking ever. "}]}]},{"type":"text","tagName":"p","content":" Consumer Loan Metrics "},{"type":"text","tagName":"p","content":" Dealers assign retail installment contracts (referred to as \"Consumer Loans\") to Credit Acceptance. At the time a Consumer Loan is submitted to us for assignment, we forecast future expected cash flows from the Consumer Loan. Based on the amount and timing of these forecasts and expected expense levels, an advance or one-time purchase payment is made to the related dealer at a price designed to maximize economic profit, a non-GAAP financial measure that considers our return on capital, our cost of capital, and the amount of capital invested.  "},{"type":"text","tagName":"p","content":" We use a statistical model to estimate the expected collection rate for each Consumer Loan at the time of assignment. We continue to evaluate the expected collection rate for each Consumer Loan subsequent to assignment. Our evaluation becomes more accurate as the Consumer Loans age, as we use actual performance data in our forecast. By comparing our current expected collection rate for each Consumer Loan with the rate we projected at the time of assignment, we are able to assess the accuracy of our initial forecast. The following table compares our aggregated forecast of Consumer Loan collection rates as of June 30, 2026, with the aggregated forecasts as of March 31, 2026 and at the time of assignment, segmented by year of assignment: "},{"type":"table","items":[{"val":[{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Forecasted Collection Percentage as of (1) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Current Forecast Variance from "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":"  Consumer Loan Assignment Year "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" March 31, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Initial Forecast "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" March 31, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Initial Forecast "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2017 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2018 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         65.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         65.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         2.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2019 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         3.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2020 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         68.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         68.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.4  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         4.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2021 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -2.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2022 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         59.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         59.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -8.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2023 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         62.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -4.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2024 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         65.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         65.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -2.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2025 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":"       2026 (2) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]}]},{"type":"text","tagName":"p","content":" (1)   Represents the total forecasted collections we expect to collect on the Consumer Loans as a percentage of the repayments that we were contractually owed on the Consumer Loans at the time of assignment, including both principal and interest. Forecasted collection rates are negatively impacted by canceled Consumer Loans because the contractual amount owed is not removed from the denominator used to calculate these rates. Any declines in forecasted collection rates for Consumer Loans assigned in the most recent quarter primarily reflect the impact of cancellations rather than underlying Consumer Loan performance. (2)   The forecasted collection rate for 2026 Consumer Loans as of June 30, 2026 includes both Consumer Loans that were in our portfolio as of March 31, 2026 and Consumer Loans assigned during the most recent quarter. The following table provides forecasted collection rates for each of these segments: "},{"type":"table","items":[{"val":[{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Forecasted Collection Percentage as of "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Current Forecast Variance from "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2026 Consumer Loan Assignment Period "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" March 31, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Initial Forecast "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" March 31, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Initial Forecast "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" January 1, 2026 through March 31, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" April 1, 2026 through June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         —  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         —  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]}]},{"type":"text","tagName":"p","content":" For the three months ended June 30, 2026, forecasted collection rates declined for Consumer Loans assigned in 2023 through 2025 and were generally consistent with expectations at the start of the period for all other assignment years presented. For Consumer Loans assigned in 2026, the increase in forecasted collection rate from March 31, 2026 was primarily due to a higher initial forecast on Consumer Loans assigned during the second quarter. "},{"type":"text","tagName":"p","content":" The changes to our forecast of future net cash flows from our Loan portfolio (forecasted collections less forecasted dealer holdback payments) for each of the last eight quarters are shown in the following table: "},{"type":"table","items":[{"val":[{"val":[{"type":"text","tagName":"p","content":" (Dollars in millions) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Decrease in Forecasted Net Cash Flows "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" Three Months Ended "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Total Loans "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" % Change from Forecast at Beginning of Period "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" September 30, 2024 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         (62.8) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" December 31, 2024 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         (31.1) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" March 31, 2025 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         (20.9) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" June 30, 2025 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         (55.8) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" September 30, 2025 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         (58.6) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" December 31, 2025 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         (34.2) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" March 31, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         (9.1) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         (39.1) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]}]},{"type":"text","tagName":"p","content":" The following table presents information on Consumer Loan assignments for each of the last 10 years: "},{"type":"table","items":[{"val":[{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Average "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Total Assignment Volume "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":"  Consumer Loan Assignment Year "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Consumer Loan (1) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Advance (2) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Initial Loan Term (in months) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Unit Volume "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Dollar Volume (2) (in millions) "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2017 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         20,230 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         8,746 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 55 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 328,507 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         2,873.1 "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2018 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 22,158 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 9,635 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 57 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 373,329 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 3,595.8 "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2019 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 23,139 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 10,174 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 57 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 369,805 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 3,772.2 "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2020 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 24,262 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 10,656 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 59 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 341,967 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 3,641.2 "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2021 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 25,632 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 11,790 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 59 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 268,730 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 3,167.8 "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2022 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 27,242 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 12,924 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 60 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 280,467 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 3,625.3 "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2023 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 27,025 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 12,475 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 61 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 332,499 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 4,147.8 "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2024 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 26,497 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 11,961 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 61 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 386,126 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 4,618.4 "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2025 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 25,423 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 11,428 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 60 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 337,411 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 3,856.1 "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":"        2026 (3) (4) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 25,355 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 11,449 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 60 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 180,607 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" 2,067.8 "}]}]}]},{"type":"text","tagName":"p","content":" (1)   Represents the repayments that we were contractually owed on Consumer Loans at the time of assignment, which include both principal and interest. (2)   Represents advances paid to dealers on Consumer Loans assigned under the portfolio program and one-time payments made to dealers to purchase Consumer Loans assigned under the purchase program. Payments of dealer holdback and accelerated dealer holdback are not included. (3)   Represents activity for the six months ended June 30, 2026. Information in this table for each of the years prior to 2026 represents activity for all 12 months of that year. (4)   The averages for 2026 Consumer Loans include both Consumer Loans that were in our portfolio as of March 31, 2026 and Consumer Loans assigned during the most recent quarter. The following table provides averages for each of these segments: "},{"type":"table","items":[{"val":[{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Average "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2026 Consumer Loan Assignment Period "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Consumer Loan "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Advance "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Initial Loan Term (in months) "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" January 1, 2026 through March 31, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         25,050 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         11,132 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         60 "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" April 1, 2026 through June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         25,701 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         11,809 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         60 "}]}]}]},{"type":"text","tagName":"p","content":" The profitability of our loans is primarily driven by the amount and timing of the net cash flows we receive from the spread between the forecasted collection rate and the advance rate, less operating expenses and the cost of capital. Forecasting collection rates accurately at loan inception is difficult. With this in mind, we establish advance rates that are intended to allow us to achieve acceptable levels of profitability across our portfolio, even if collection rates are less than we initially forecast. "},{"type":"text","tagName":"p","content":" The following table presents aggregate forecasted Consumer Loan collection rates, advance rates, spreads (the forecasted collection rate less the advance rate), and forecasted future net cash flows as of June 30, 2026, as well as forecasted collection rates and spreads at the time of assignment. All amounts, unless otherwise noted, are presented as a percentage of the initial balance of the Consumer Loan (principal + interest). The table includes both dealer loans and purchased loans. "},{"type":"table","items":[{"val":[{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Forecasted Collection % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Spread % as of (2) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Forecasted Future Net Cash Flows (3) "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":"  Consumer Loan Assignment Year "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Initial Forecast "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Advance % (1) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Initial Forecast "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" June 30, 2026 (in millions) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" % of Total "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2017 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         43.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         21.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         20.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         17.4  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2018 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         65.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         43.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         22.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         20.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         37.5  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2019 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         44.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         23.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         20.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         70.0  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2020 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         68.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.4  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         43.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         24.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         19.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         124.1  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         1.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2021 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         46.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         18.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         20.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         289.6  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         2.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2022 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         59.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         47.4  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         11.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         20.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         698.1  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         5.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2023 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         62.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         46.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         16.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         21.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         1,361.3  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         11.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2024 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         65.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         45.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         20.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         22.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         2,559.4  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         21.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2025 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         45.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         21.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         22.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         4,097.8  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         34.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2026 (4) (5) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         45.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         21.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         22.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         2,498.5  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         21.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" Total "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" $ "}]},{"val":[{"type":"text","tagName":"p","content":"         11,753.7  "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         100.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]}]},{"type":"text","tagName":"p","content":" (1)   Represents advances paid to dealers on Consumer Loans assigned under the portfolio program and one-time payments made to dealers to purchase Consumer Loans assigned under the purchase program as a percentage of the initial balance of the Consumer Loans.  Payments of dealer holdback and accelerated dealer holdback are not included. (2)   Represents the forecasted collection rate less the advance rate. (3)   Represents the forecasted future collections we expect to collect on Consumer Loans less the forecasted future dealer holdback and accelerated dealer holdback payments we expect to make to dealers. (4)   Represents activity for the six months ended June 30, 2026. Information in this table for each of the years prior to 2026 represents activity for all 12 months of that year. (5)   The forecasted collection rate, advance rate and spread for 2026 Consumer Loans as of June 30, 2026 include both Consumer Loans that were in our portfolio as of March 31, 2026 and Consumer Loans assigned during the most recent quarter. The following table provides forecasted collection rates, advance rates, and spreads for each of these segments: "},{"type":"table","items":[{"val":[{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Forecasted Collection % as of "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Spread % as of "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2026 Consumer Loan Assignment Period "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Initial Forecast "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Advance % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Initial Forecast "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" January 1, 2026 through March 31, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         44.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         22.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         22.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" April 1, 2026 through June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         46.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         21.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         21.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]}]},{"type":"text","tagName":"p","content":" The risk of a material change in our forecasted collection rate declines as the Consumer Loans age. Because Consumer Loans assigned in 2022 and prior years represent only approximately 10% of total forecasted future net cash flows from Consumer Loans, changes in the forecasted collection rate for those loans would generally be expected to have a relatively modest impact on total forecasted future net cash flows. In contrast, Consumer Loans assigned since 2022 represent a larger portion of expected future net cash flows, and a significant portion of their total forecasted collections has not yet been realized. Accordingly, changes in the forecasted collection rate for those more recent loans would generally be expected to have a more significant impact on total forecasted future net cash flows. "},{"type":"text","tagName":"p","content":" The spread between the forecasted collection rate as of June 30, 2026 and the advance rate ranges from 11.9% to 24.2%, on an annual basis, for Consumer Loans assigned over the last 10 years. The spreads with respect to 2019 and 2020 Consumer Loans have been positively impacted by Consumer Loan performance, which has exceeded our initial estimates by a greater margin than the other years presented. The spreads with respect to 2021 through 2024 Consumer Loans have been negatively impacted by Consumer Loan performance, which has been lower than our initial estimates by a greater margin than the other years presented. The spread as of June 30, 2026 on 2026 Consumer Loans was 21.9%, consistent with 2025 Consumer Loans. "},{"type":"text","tagName":"p","content":" The following table compares our forecast of aggregate Consumer Loan collection rates as of June 30, 2026 with the forecasts at the time of assignment, for dealer loans and purchased loans separately: "},{"type":"table","items":[{"val":[{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Dealer Loans "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Purchased Loans "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Forecasted Collection Percentage as of (1) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Forecasted Collection Percentage as of (1) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":"  Consumer Loan Assignment Year "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Initial Forecast "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Variance "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" June 30, 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Initial Forecast "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Variance "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2017 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.4  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         1.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2018 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         65.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         1.4  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         3.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2019 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         3.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         3.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2020 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         4.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         68.4  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         4.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2021 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -2.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -1.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2022 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         58.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -8.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         61.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         68.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -6.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2023 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         61.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -5.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         69.4  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -3.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2024 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -2.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         69.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         70.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -1.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2025 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         65.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         65.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         71.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         71.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         0.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2026 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         65.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         65.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         70.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         70.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         -0.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]}]},{"type":"text","tagName":"p","content":" (1)   The forecasted collection rates presented for dealer loans and purchased loans reflect the Consumer Loan classification at the time of assignment. The forecasted collection rates represent the total forecasted collections we expect to collect on the Consumer Loans as a percentage of the repayments that we were contractually owed on the Consumer Loans at the time of assignment, including both principal and interest. Forecasted collection rates are negatively impacted by canceled Consumer Loans because the contractual amount owed is not removed from the denominator used to calculate these rates. Any declines in forecasted collection rates for Consumer Loans assigned in the most recent quarter primarily reflect the impact of cancellations rather than underlying Consumer Loan performance. "},{"type":"text","tagName":"p","content":" The following table presents aggregate forecasted Consumer Loan collection rates, advance rates, and spreads (the forecasted collection rate less the advance rate) as of June 30, 2026 for dealer loans and purchased loans separately.  All amounts are presented as a percentage of the initial balance of the Consumer Loan (principal + interest). "},{"type":"table","items":[{"val":[{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Dealer Loans "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Purchased Loans "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":"  Consumer Loan Assignment Year "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Forecasted Collection % (1) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Advance % (1)(2) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Spread % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Forecasted Collection % (1) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Advance % (1)(2) "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":" Spread % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2017 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         42.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         22.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.4  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         45.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         20.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2018 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         65.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         42.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         22.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         45.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         21.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2019 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         43.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         23.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         45.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         22.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2020 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         67.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         43.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         24.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         68.4  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         45.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         22.9  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2021 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         63.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         45.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         18.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         64.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         47.7  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         17.0  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2022 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         58.5  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         46.4  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         12.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         61.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         50.1  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         11.2  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]}]},{"val":[{"val":[{"type":"text","tagName":"p","content":" 2023 "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         61.6  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         44.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         16.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         66.3  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         49.8  "}]},{"val":[{"type":"text","tagName":"p","content":" % "}]},{"val":[{"type":"text","tagName":"p","content":" "}]},{"val":[{"type":"text","tagName":"p","content":"         16.5  "}]},{"val":[{"type":"te...

View stock analysis, news, and events for Credit Acceptance Corporation