$CACC

KERBER ERIN J sold $7.0M of CACC

KERBER ERIN J (Chief Legal Officer) sold 11,593 shares of CREDIT ACCEPTANCE CORP (CACC) at an average of $607.59 ($600.27–$629.95, $7.04M total) across 18 trades over 2026-06-24 to 2026-06-25 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · KERBER ERIN J
Published Jun 26, 2026, 4:00 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 6, 2026, 6:56 AM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
alphai market briefInsider activity
Primary signal
$CACC
Neutral
medium confidence
Mentioned
$CACC
Relevance
5/10
alphai data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$CACCNeutralLow
01

Why it matters

The disclosure updates the insider’s holdings and confirms the sale was executed across multiple trades within a defined date range under a 10b5-1 plan.

02

Market read

This is a primary-source insider sale filing with a disclosed transaction value of about $7.04M and a post-sale share count of 25,711.

03

What to watch

Traders may over-weight insider sales; the key incremental data here is the exact sale window and price range, not a new company fundamental.

Relevance 5/10Novelty 3/10Timing: Filed 2026-06-26, after-hours disclosure window.

Background

The article is an SEC Form 4 insider transaction disclosure for Credit Acceptance Corp, reported by the Chief Legal Officer.

Company-level read

Ticker impact

$CACCNeutralMedium confidence
Context

Credit Acceptance CFO Erin J Kerber sold about 11,593 shares in open-market trades for roughly $7.04M under a 10b5-1 plan.

Expected impact

Likely limited near-term impact; any reaction would be sentiment-driven rather than fundamental.

Evidence & confidence

The filing provides transaction size and pricing range, but the presence of a pre-arranged 10b5-1 plan typically lowers interpretive value versus discretionary selling.

Market effects

Minimal, as this is a single-company insider transaction with no sector-wide catalyst.

None indicated.

None indicated.

Counterpoint

Because the sale is explicitly under a pre-arranged 10b5-1 plan, it may reflect routine liquidity needs rather than bearish expectations.

Key entities

  • Credit Acceptance Corp

    Subject of the Form 4 insider sale disclosure.

  • Erin J Kerber

    Chief Legal Officer who sold shares in open-market transactions under a 10b5-1 plan.

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

Related articles

$CACCMedAI 8/10

US$600 Million ABS Deal Might Change The Case For Investing In Credit Acceptance (CACC)

Credit Acceptance (CACC) completed a $600M asset-backed financing, transferring $750.2M in loans. The deal aims to lower funding costs, with an expected annualized cost of 5.5%, and leaves $1.8B in unused borrowing capacity. The company projects $4.2B in revenue and $707.2M in earnings by 2029, requiring significant growth. Investors weigh loan performance and forecasting accuracy against the benefits of cheaper funding.

$CACCMedAI 8/10

Credit Acceptance (CACC) Q2 2026 Earnings Call Transcript

Credit Acceptance (CACC) reported Q2 2026 GAAP net income of $135.9M, up 71% YoY, and adjusted net income of $130.1M, up 10%. Consumer loan assignments were 84,615 (-1% YoY) while active dealers rose to 11,004 (+3.3%). Liquidity was $1.4B and it repurchased $141.4M of shares. Prepayments slowed forecasted cash timing.

$CACCMedAI 8/10

Credit Acceptance (CACC) Q2 2026 Earnings Call Transcript

Credit Acceptance (CACC) reported Q2 2026 GAAP net income of $135.9 million, up 71% year over year, and adjusted net income of $130.1 million, up 10%. Liquidity was $1.4 billion. Active dealers rose to 11,004, and July unit volume grew over 20% year over year. The company also reported $141.4 million in share repurchases.

$CACCMed

Credit Acceptance’s Q2 Earnings Call: Our Top 5 Analyst Questions

Credit Acceptance (CACC) reported Q2 revenue of $415M versus $471.8M estimates, with adjusted EPS of $12.12 versus $11.85. Management attributed margin expansion (operating margin 40.6% vs 28.9% a year earlier) to pricing, segmentation, and efficiency changes. Analysts asked about collections forecast reductions, prepayment headwinds, yields, unit volume drivers, and management continuity.

$CACCMed

CACC Q2 Earnings Beat as Expenses & Provisions Decline, Revenues Rise

Credit Acceptance Corporation (CACC) reported Q2 2026 adjusted EPS of $12.12, above the Zacks Consensus of $11.46. Bottom line rose 20.6% y/y. Net income was $135.9 million, or $12.66/share. GAAP revenue increased 0.6% to $587.4 million, while credit loss provisions fell 7.8% to $159.2 million and operating expenses declined 13.8% to $134.1 million.