$CACC
CREDIT ACCEPTANCE CORP Stock $cacc

$cacc Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000088555023000080 Filed on August 01, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$478.6M	$477.9M
YoY Change	3.98%	4.48%
Cost Of Revenue	$16.50M	$19.70M
YoY Change	27.91%	61.48%
Gross Profit	$462.1M	$458.2M
YoY Change	3.29%	2.92%
Gross Profit Margin	96.55%	95.88%
Selling, General & Admin	$43.80M	$117.0M
YoY Change	20.66%	128.07%
% of Gross Profit	9.48%	25.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$7.100M	$6.400M
YoY Change	14.52%	-1.54%
% of Gross Profit	1.54%	1.4%
Operating Expenses	$110.5M	$387.2M
YoY Change	204.41%	654.78%
Operating Profit	$351.6M	$71.00M
YoY Change	-14.47%	-81.98%
Interest Expense	$70.50M	-$62.80M
YoY Change	68.66%	-261.44%
% of Operating Profit	20.05%	-88.45%
Other Income/Expense, Net
YoY Change
Pretax Income	$96.50M	$27.90M
YoY Change	-20.97%	-80.37%
Income Tax	$25.70M	$5.700M
% Of Pretax Income	26.63%	20.43%
Net Earnings	$70.80M	$22.20M
YoY Change	-18.43%	-79.33%
Net Earnings / Revenue	14.79%	4.65%
Basic Earnings Per Share	$5.47	$1.70
Diluted Earnings Per Share	$5.43	$1.70
COMMON SHARES
Basic Shares Outstanding	12.82M shares	12.84M shares
Diluted Shares Outstanding	13.04M shares	13.10M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.100M	$3.200M
YoY Change	-71.03%	-21.95%
Cash & Equivalents	$3.100M	$3.200M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$17.30M	$16.90M
YoY Change	-56.42%	-69.98%
LONG-TERM ASSETS
Property, Plant & Equipment	$47.10M	$49.40M
YoY Change	-10.11%	-8.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$521.3M	$490.2M
YoY Change	15.15%	-0.51%
Total Long-Term Assets	$7.380B	$7.189B
YoY Change	7.69%	3.85%
TOTAL ASSETS
Total Short-Term Assets	$17.30M	$16.90M
Total Long-Term Assets	$7.380B	$7.189B
Total Assets	$7.397B	$7.206B
YoY Change	7.32%	3.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$284.1M	$263.1M
YoY Change	18.87%	16.62%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$293.6M	$263.3M
YoY Change	22.74%	16.61%
LONG-TERM LIABILITIES
Long-Term Debt	$4.941B	$4.747B
YoY Change	6.81%	-0.95%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$4.941B	$4.747B
YoY Change	6.81%	-0.95%
TOTAL LIABILITIES
Total Short-Term Liabilities	$293.6M	$263.3M
Total Long-Term Liabilities	$4.941B	$4.747B
Total Liabilities	$5.696B	$5.459B
YoY Change	7.41%	0.0%
SHAREHOLDERS EQUITY
Retained Earnings	$1.432B	$1.488B
YoY Change	5.58%	14.77%
Common Stock	$271.4M	$261.8M
YoY Change	15.05%	15.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.701B	$1.747B
YoY Change
Total Liabilities & Shareholders Equity	$7.397B	$7.206B
YoY Change	7.32%	3.25%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	$70.80M	$22.20M
YoY Change	-18.43%	-79.33%
Depreciation, Depletion And Amortization	$7.100M	$6.400M
YoY Change	14.52%	-1.54%
Cash From Operating Activities	$313.4M	$282.7M
YoY Change	-3.95%	13.31%
INVESTING ACTIVITIES
Capital Expenditures	-$100.0K	$1.500M
YoY Change	-88.89%	114.29%
Acquisitions
YoY Change
Other Investing Activities	-$360.0M	-$366.3M
YoY Change	109.55%	146.5%
Cash From Investing Activities	-$359.9M	-$367.8M
YoY Change	108.4%	148.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	72.70M	9.000M
YoY Change	-138.47%	-105.31%
NET CHANGE
Cash From Operating Activities	313.4M	282.7M
Cash From Investing Activities	-359.9M	-367.8M
Cash From Financing Activities	72.70M	9.000M
Net Change In Cash	26.20M	-76.10M
YoY Change	-174.01%	12.08%
FREE CASH FLOW
Cash From Operating Activities	$313.4M	$282.7M
Capital Expenditures	-$100.0K	$1.500M
Free Cash Flow	$313.5M	$281.2M
YoY Change	-4.19%	13.02%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	80000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	80000000	shares
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	12821681	shares
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	12821681	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	12756885	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	12756885	shares
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	100000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	100000	usd
CY2023Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	261700000	usd
CY2022Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	245700000	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1487900000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1381100000	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2700000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2900000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1747000000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1624000000	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7205500000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6904700000	usd
CY2023Q2	cacc	Finance Charges Revenue FinanceChargesRevenue	441000000.0	usd
CY2022Q2	cacc	Finance Charges Revenue FinanceChargesRevenue	425600000	usd
	cacc	Finance Charges Revenue FinanceChargesRevenue	862100000	usd
CY2023Q2	us-gaap	Premiums Earned Net PremiumsEarnedNet	19800000	usd
CY2022Q2	us-gaap	Other Income OtherIncome	16400000	usd
	us-gaap	Other Income OtherIncome	32400000	usd
CY2023Q2	us-gaap	Revenues Revenues	477900000	usd
CY2022Q2	us-gaap	Revenues Revenues	457400000	usd
CY2023Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	70200000	usd
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	48400000	usd
CY2022Q2	us-gaap	Operating Expenses OperatingExpenses	116700000	usd
	us-gaap	Operating Expenses OperatingExpenses	234300000	usd
CY2023Q2	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	250500000	usd
CY2022Q2	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	147500000	usd
	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	387900000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	62800000	usd
CY2022Q2	us-gaap	Interest Expense InterestExpense	38900000	usd
	us-gaap	Interest Expense InterestExpense	117200000	usd
CY2023Q2	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	19700000	usd
CY2022Q2	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	12200000	usd
	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	37600000	usd
CY2023Q2	us-gaap	Costs And Expenses CostsAndExpenses	450000000.0	usd
CY2022Q2	us-gaap	Costs And Expenses CostsAndExpenses	315300000	usd
	us-gaap	Costs And Expenses CostsAndExpenses	777000000.0	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	27900000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	142100000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	154700000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5700000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	34700000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	33000000.0	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	22200000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	107400000	usd
	us-gaap	Net Income Loss NetIncomeLoss	121700000	usd
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.70
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	7.99
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	9.32
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.69
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	7.94
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	9.30
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13049935	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13435507	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13053755	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13099961	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13517979	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13085988	shares
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	22200000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	107400000	usd
	us-gaap	Net Income Loss NetIncomeLoss	121700000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-600000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-700000	usd
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	200000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-600000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-700000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	200000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	21600000	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	106700000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	121900000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	1723400000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	22200000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-600000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	9800000	usd
CY2023Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	7800000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	1747000000	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	1628800000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	107400000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-700000	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	9100000	usd
CY2022Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	229700000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	5200000	usd
	cacc	Additional Number Of Consumer Loans Required To Group Advances AdditionalNumberOfConsumerLoansRequiredToGroupAdvances	50	loan
	cacc	Original Number Of Consumer Loans Required To Group Advances OriginalNumberOfConsumerLoansRequiredToGroupAdvances	100	loan
	cacc	Service Fee Income As Percentage Of Collections ServiceFeeIncomeAsPercentageOfCollections	0.20
	cacc	Original Number Of Consumer Loans Required To Group Advances OriginalNumberOfConsumerLoansRequiredToGroupAdvances	100	loan
	cacc	Number Of Consumer Loans Required To Group Advances NumberOfConsumerLoansRequiredToGroupAdvances	50	loan
CY2022	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2023Q2	us-gaap	Cash Uninsured Amount CashUninsuredAmount	2800000	usd
CY2022Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	7100000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3200000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7700000	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4100000	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	23300000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	408800000	usd
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	410000000.0	usd
CY2022Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	426700000	usd
CY2021Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	410900000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	412000000.0	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	417700000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	430800000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	434200000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	3200000	usd
CY2023Q2	cacc	Restricted Cash And Cash Equivalents Fair Value Disclosure RestrictedCashAndCashEquivalentsFairValueDisclosure	408800000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	81400000	usd
CY2023Q2	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	7274000000	usd
CY2023Q2	us-gaap	Lines Of Credit Fair Value Disclosure LinesOfCreditFairValueDisclosure	168900000	usd
CY2023Q2	cacc	Secured Financing Fair Value Disclosure SecuredFinancingFairValueDisclosure	3742900000	usd
CY2023Q2	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	773700000	usd
CY2023Q2	us-gaap	Other Borrowings OtherBorrowings	8600000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	7700000	usd
CY2022Q4	cacc	Restricted Cash And Cash Equivalents Fair Value Disclosure RestrictedCashAndCashEquivalentsFairValueDisclosure	410000000.0	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	72300000	usd
CY2022Q4	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	6767900000	usd
CY2022Q4	us-gaap	Lines Of Credit Fair Value Disclosure LinesOfCreditFairValueDisclosure	30900000	usd
CY2022Q4	cacc	Secured Financing Fair Value Disclosure SecuredFinancingFairValueDisclosure	3581900000	usd
CY2022Q4	us-gaap	Notes Payable Fair Value Disclosure NotesPayableFairValueDisclosure	759000000.0	usd
CY2022Q4	us-gaap	Other Borrowings OtherBorrowings	8900000	usd
CY2023Q2	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	84900000	usd
CY2023Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	0	usd
CY2023Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	3500000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Restricted DebtSecuritiesAvailableForSaleRestricted	81400000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	76100000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	0	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	3800000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Restricted DebtSecuritiesAvailableForSaleRestricted	72300000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	55500000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	1600000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	22300000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	1900000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position DebtSecuritiesAvailableForSaleUnrealizedLossPosition	77800000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	3500000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	40000000.0	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	1500000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	26900000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	2300000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Unrealized Loss Position DebtSecuritiesAvailableForSaleUnrealizedLossPosition	66900000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	3800000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities Within One Year Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost	7400000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	7200000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Maturities Within One Year Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost	4000000.0	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	3900000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost	70800000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	67600000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost	66400000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	63000000.0	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost	6600000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue	6500000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost	5600000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue	5300000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost	100000	usd
CY2023Q2	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue	100000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost	100000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Maturities After Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue	100000	usd
CY2023Q2	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	84900000	usd
CY2023Q2	us-gaap	Debt Securities Available For Sale Restricted DebtSecuritiesAvailableForSaleRestricted	81400000	usd
CY2022Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	76100000	usd
CY2022Q4	us-gaap	Debt Securities Available For Sale Restricted DebtSecuritiesAvailableForSaleRestricted	72300000	usd
CY2023Q2	us-gaap	Loans And Leases Receivable Net Of Deferred Income LoansAndLeasesReceivableNetOfDeferredIncome	9599600000	usd
CY2023Q2	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	2989300000	usd
CY2023Q2	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	250500000	usd
CY2022Q2	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	147500000	usd
CY2023Q2	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	6610300000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Net Of Deferred Income LoansAndLeasesReceivableNetOfDeferredIncome	9165500000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Allowance LoansAndLeasesReceivableAllowance	2867800000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	6297700000	usd
CY2023Q1	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	6500300000	usd
CY2023Q2	cacc	Finance Charges Revenue FinanceChargesRevenue	441000000.0	usd
CY2023Q2	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	250500000	usd
CY2023Q2	cacc	New Consumer Loan Assignments NewConsumerLoanAssignments	1056000000	usd
CY2023Q2	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	1214700000	usd
CY2023Q2	cacc	Accelerated Payments Of Dealer Holdback AcceleratedPaymentsOfDealerHoldback	13800000	usd
CY2023Q2	cacc	Payments Of Dealer Holdback PaymentsOfDealerHoldback	61100000	usd
CY2023Q2	cacc	Loans And Leases Receivable Transfers LoansAndLeasesReceivableTransfers	0	usd
CY2023Q2	us-gaap	Allowance For Loan And Lease Losses Write Offs AllowanceForLoanAndLeaseLossesWriteOffs	0	usd
CY2023Q2	us-gaap	Allowance For Loan And Lease Loss Recovery Of Bad Debts AllowanceForLoanAndLeaseLossRecoveryOfBadDebts	0	usd
CY2023Q2	cacc	Deferralof Loan Origination Costs DeferralofLoanOriginationCosts	3300000	usd
CY2023Q2	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	6610300000	usd
CY2022Q1	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	6327200000	usd
CY2022Q2	cacc	Finance Charges Revenue FinanceChargesRevenue	425600000	usd
CY2022Q2	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	147500000	usd
CY2022Q2	cacc	New Consumer Loan Assignments NewConsumerLoanAssignments	974900000	usd
CY2022Q2	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	1321400000	usd
CY2022Q2	cacc	Accelerated Payments Of Dealer Holdback AcceleratedPaymentsOfDealerHoldback	15500000	usd
CY2022Q2	cacc	Payments Of Dealer Holdback PaymentsOfDealerHoldback	47200000	usd
CY2022Q2	cacc	Loans And Leases Receivable Transfers LoansAndLeasesReceivableTransfers	0	usd
CY2022Q2	us-gaap	Allowance For Loan And Lease Losses Write Offs AllowanceForLoanAndLeaseLossesWriteOffs	0	usd
CY2022Q2	us-gaap	Allowance For Loan And Lease Loss Recovery Of Bad Debts AllowanceForLoanAndLeaseLossRecoveryOfBadDebts	0	usd
CY2022Q2	cacc	Deferralof Loan Origination Costs DeferralofLoanOriginationCosts	2200000	usd
CY2022Q2	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	6323700000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	6297700000	usd
	cacc	Finance Charges Revenue FinanceChargesRevenue	862100000	usd
	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	387900000	usd
	cacc	New Consumer Loan Assignments NewConsumerLoanAssignments	2151300000	usd
	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	2461700000	usd
	cacc	Accelerated Payments Of Dealer Holdback AcceleratedPaymentsOfDealerHoldback	24600000	usd
	cacc	Payments Of Dealer Holdback PaymentsOfDealerHoldback	118300000	usd
	cacc	Loans And Leases Receivable Transfers LoansAndLeasesReceivableTransfers	0	usd
	us-gaap	Allowance For Loan And Lease Losses Write Offs AllowanceForLoanAndLeaseLossesWriteOffs	0	usd
	us-gaap	Allowance For Loan And Lease Loss Recovery Of Bad Debts AllowanceForLoanAndLeaseLossRecoveryOfBadDebts	0	usd
	cacc	Deferralof Loan Origination Costs DeferralofLoanOriginationCosts	5900000	usd
CY2023Q2	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	6610300000	usd
CY2021Q4	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	6336300000	usd
	cacc	Finance Charges Revenue FinanceChargesRevenue	849700000	usd
	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	170800000	usd
	cacc	New Consumer Loan Assignments NewConsumerLoanAssignments	1898400000	usd
	us-gaap	Proceeds From Collection Of Loans Receivable ProceedsFromCollectionOfLoansReceivable	2709600000	usd
	cacc	Accelerated Payments Of Dealer Holdback AcceleratedPaymentsOfDealerHoldback	24900000	usd
	cacc	Payments Of Dealer Holdback PaymentsOfDealerHoldback	90400000	usd
	cacc	Loans And Leases Receivable Transfers LoansAndLeasesReceivableTransfers	0	usd
	us-gaap	Allowance For Loan And Lease Losses Write Offs AllowanceForLoanAndLeaseLossesWriteOffs	0	usd
	us-gaap	Allowance For Loan And Lease Loss Recovery Of Bad Debts AllowanceForLoanAndLeaseLossRecoveryOfBadDebts	0	usd
	cacc	Deferralof Loan Origination Costs DeferralofLoanOriginationCosts	4400000	usd
CY2022Q2	us-gaap	Loans And Leases Receivable Net Reported Amount LoansAndLeasesReceivableNetReportedAmount	6323700000	usd
	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	387900000	usd
	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	170800000	usd
CY2023Q2	cacc	Loans Receivable Contractual Net Cash Flows At Assignment LoansReceivableContractualNetCashFlowsAtAssignment	1779100000	usd
CY2023Q2	cacc	Loans Receivable Expected Net Cash Flows At Assignment LoansReceivableExpectedNetCashFlowsAtAssignment	1480200000	usd
CY2023Q2	cacc	Loans Receivable Fair Value Of Net Cash Flows At Assignment LoansReceivableFairValueOfNetCashFlowsAtAssignment	1056000000	usd
CY2023Q2	cacc	Expectedfuturefinancechargesatthetimeofassignment Expectedfuturefinancechargesatthetimeofassignment	505900000	usd
CY2023Q2	cacc	Expectednet Loanincomeatthetimeofassignment ExpectednetLoanincomeatthetimeofassignment	424200000	usd
CY2022Q2	cacc	Loans Receivable Contractual Net Cash Flows At Assignment LoansReceivableContractualNetCashFlowsAtAssignment	1617700000	usd
CY2022Q2	cacc	Loans Receivable Expected Net Cash Flows At Assignment LoansReceivableExpectedNetCashFlowsAtAssignment	1344800000	usd
CY2022Q2	cacc	Loans Receivable Fair Value Of Net Cash Flows At Assignment LoansReceivableFairValueOfNetCashFlowsAtAssignment	974900000	usd
CY2022Q2	cacc	Expectedfuturefinancechargesatthetimeofassignment Expectedfuturefinancechargesatthetimeofassignment	467400000	usd
CY2022Q2	cacc	Expectednet Loanincomeatthetimeofassignment ExpectednetLoanincomeatthetimeofassignment	369900000	usd
	cacc	Loans Receivable Contractual Net Cash Flows At Assignment LoansReceivableContractualNetCashFlowsAtAssignment	3665500000	usd
	cacc	Loans Receivable Expected Net Cash Flows At Assignment LoansReceivableExpectedNetCashFlowsAtAssignment	3033100000	usd
	cacc	Loans Receivable Fair Value Of Net Cash Flows At Assignment LoansReceivableFairValueOfNetCashFlowsAtAssignment	2151300000	usd
	cacc	Expectedfuturefinancechargesatthetimeofassignment Expectedfuturefinancechargesatthetimeofassignment	1056600000	usd
	cacc	Expectednet Loanincomeatthetimeofassignment ExpectednetLoanincomeatthetimeofassignment	881800000	usd
	cacc	Loans Receivable Contractual Net Cash Flows At Assignment LoansReceivableContractualNetCashFlowsAtAssignment	3167300000	usd
	cacc	Loans Receivable Expected Net Cash Flows At Assignment LoansReceivableExpectedNetCashFlowsAtAssignment	2615500000	usd
	cacc	Loans Receivable Fair Value Of Net Cash Flows At Assignment LoansReceivableFairValueOfNetCashFlowsAtAssignment	1898400000	usd
	cacc	Expectedfuturefinancechargesatthetimeofassignment Expectedfuturefinancechargesatthetimeofassignment	917200000	usd
	cacc	Expectednet Loanincomeatthetimeofassignment ExpectednetLoanincomeatthetimeofassignment	717100000	usd
CY2023Q1	cacc	Expected Future Net Cash Flows ExpectedFutureNetCashFlows	9420300000	usd
CY2023Q2	cacc	Loans Receivable Expected Net Cash Flows At Assignment LoansReceivableExpectedNetCashFlowsAtAssignment	1480200000	usd
CY2023Q2	cacc	Realized Net Cash Flows RealizedNetCashFlows	1139800000	usd
CY2023Q2	cacc	Certain Loans Acquired In Transfer Accounted For As Loans Accretable Yield Reclassifications From Nonaccretable Difference Forecast Changes CertainLoansAcquiredInTransferAccountedForAsLoansAccretableYieldReclassificationsFromNonaccretableDifferenceForecastChanges	-89300000	usd
CY2023Q2	cacc	Transferof Expected Future Net Cash Flowsbetween Programs TransferofExpectedFutureNetCashFlowsbetweenPrograms	4900000	usd
CY2023Q2	cacc	Expected Future Net Cash Flows ExpectedFutureNetCashFlows	9676300000	usd
CY2022Q1	cacc	Expected Future Net Cash Flows ExpectedFutureNetCashFlows	8997200000	usd
CY2022Q2	cacc	Loans Receivable Expected Net Cash Flows At Assignment LoansReceivableExpectedNetCashFlowsAtAssignment	1344800000	usd
CY2022Q2	cacc	Realized Net Cash Flows RealizedNetCashFlows	1258700000	usd
CY2022Q2	cacc	Certain Loans Acquired In Transfer Accounted For As Loans Accretable Yield Reclassifications From Nonaccretable Difference Forecast Changes CertainLoansAcquiredInTransferAccountedForAsLoansAccretableYieldReclassificationsFromNonaccretableDifferenceForecastChanges	-43400000	usd
CY2022Q2	cacc	Transferof Expected Future Net Cash Flowsbetween Programs TransferofExpectedFutureNetCashFlowsbetweenPrograms	2300000	usd
CY2022Q2	cacc	Expected Future Net Cash Flows ExpectedFutureNetCashFlows	9042200000	usd
CY2022Q4	cacc	Expected Future Net Cash Flows ExpectedFutureNetCashFlows	9033400000	usd
	cacc	Loans Receivable Expected Net Cash Flows At Assignment LoansReceivableExpectedNetCashFlowsAtAssignment	3033100000	usd
	cacc	Realized Net Cash Flows RealizedNetCashFlows	2318800000	usd
	cacc	Certain Loans Acquired In Transfer Accounted For As Loans Accretable Yield Reclassifications From Nonaccretable Difference Forecast Changes CertainLoansAcquiredInTransferAccountedForAsLoansAccretableYieldReclassificationsFromNonaccretableDifferenceForecastChanges	-79900000	usd
	cacc	Transferof Expected Future Net Cash Flowsbetween Programs TransferofExpectedFutureNetCashFlowsbetweenPrograms	8500000	usd
CY2023Q2	cacc	Expected Future Net Cash Flows ExpectedFutureNetCashFlows	9676300000	usd
CY2021Q4	cacc	Expected Future Net Cash Flows ExpectedFutureNetCashFlows	8948300000	usd
	cacc	Loans Receivable Expected Net Cash Flows At Assignment LoansReceivableExpectedNetCashFlowsAtAssignment	2615500000	usd
	cacc	Realized Net Cash Flows RealizedNetCashFlows	2594300000	usd
	cacc	Certain Loans Acquired In Transfer Accounted For As Loans Accretable Yield Reclassifications From Nonaccretable Difference Forecast Changes CertainLoansAcquiredInTransferAccountedForAsLoansAccretableYieldReclassificationsFromNonaccretableDifferenceForecastChanges	66800000	usd
	cacc	Transferof Expected Future Net Cash Flowsbetween Programs TransferofExpectedFutureNetCashFlowsbetweenPrograms	5900000	usd
CY2022Q2	cacc	Expected Future Net Cash Flows ExpectedFutureNetCashFlows	9042200000	usd
CY2023Q2	us-gaap	Loans And Leases Receivable Net Of Deferred Income LoansAndLeasesReceivableNetOfDeferredIncome	9599600000	usd
CY2022Q4	us-gaap	Loans And Leases Receivable Net Of Deferred Income LoansAndLeasesReceivableNetOfDeferredIncome	9165500000	usd
CY2023Q2	us-gaap	Financing Receivable Originated More Than Five Years Before Current Fiscal Year Writeoff FinancingReceivableOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff	61900000	usd
CY2023Q2	us-gaap	Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff FinancingReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff	77900000	usd
CY2023Q2	us-gaap	Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff FinancingReceivableYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff	53700000	usd
CY2023Q2	us-gaap	Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff FinancingReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff	55800000	usd
CY2023Q2	us-gaap	Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff FinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff	67400000	usd
CY2023Q2	us-gaap	Financing Receivable Year One Originated Current Fiscal Year Writeoff FinancingReceivableYearOneOriginatedCurrentFiscalYearWriteoff	12700000	usd
	us-gaap	Financing Receivable Originated More Than Five Years Before Current Fiscal Year Writeoff FinancingReceivableOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff	125000000.0	usd
	us-gaap	Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff FinancingReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff	149900000	usd
	us-gaap	Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff FinancingReceivableYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff	106200000	usd
	us-gaap	Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff FinancingReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff	107600000	usd
	us-gaap	Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff FinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff	126700000	usd
	us-gaap	Financing Receivable Year One Originated Current Fiscal Year Writeoff FinancingReceivableYearOneOriginatedCurrentFiscalYearWriteoff	14600000	usd
CY2023Q2	cacc	Forecasted Net Cash Flows ForecastedNetCashFlows	95700000	usd
CY2023Q2	cacc	Provision For Credit Losses ProvisionForCreditLosses	-70600000	usd
CY2023Q2	us-gaap	Assumed Premiums Written AssumedPremiumsWritten	23500000	usd
CY2022Q2	us-gaap	Assumed Premiums Written AssumedPremiumsWritten	19100000	usd
	us-gaap	Assumed Premiums Written AssumedPremiumsWritten	48900000	usd
	us-gaap	Assumed Premiums Written AssumedPremiumsWritten	36800000	usd
CY2023Q2	us-gaap	Premiums Earned Net PremiumsEarnedNet	19800000	usd
CY2022Q2	us-gaap	Premiums Earned Net PremiumsEarnedNet	15400000	usd
	us-gaap	Premiums Earned Net PremiumsEarnedNet	37200000	usd
	us-gaap	Premiums Earned Net PremiumsEarnedNet	29200000	usd
CY2023Q2	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	19700000	usd
CY2022Q2	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	12200000	usd
	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	37600000	usd
	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	21100000	usd
CY2023Q2	us-gaap	Amortization Of Acquisition Costs AmortizationOfAcquisitionCosts	500000	usd
CY2022Q2	us-gaap	Amortization Of Acquisition Costs AmortizationOfAcquisitionCosts	400000	usd
	us-gaap	Amortization Of Acquisition Costs AmortizationOfAcquisitionCosts	1000000.0	usd
	us-gaap	Amortization Of Acquisition Costs AmortizationOfAcquisitionCosts	800000	usd
CY2022Q2	us-gaap	Other Income OtherIncome	16400000	usd
	us-gaap	Other Income OtherIncome	32400000	usd
	us-gaap	Other Income OtherIncome	34200000	usd
CY2023Q2	us-gaap	Other Income OtherIncome	17100000	usd
CY2023Q2	us-gaap	Other Income OtherIncome	17100000	usd
	us-gaap	Other Income OtherIncome	32400000	usd
	us-gaap	Other Income OtherIncome	32400000	usd
CY2023Q2	cacc	Debt Instrument Principal Outstanding DebtInstrumentPrincipalOutstanding	4774100000	usd
CY2023Q2	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	24600000	usd
CY2023Q2	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	2900000	usd
CY2023Q2	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	4746600000	usd
CY2022Q4	cacc	Debt Instrument Principal Outstanding DebtInstrumentPrincipalOutstanding	4616500000	usd
CY2022Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	22400000	usd
CY2022Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	3400000	usd
CY2022Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	4590700000	usd
CY2023Q2	cacc	Maximum Hedging Reserve MaximumHedgingReserve	1000000	usd
	cacc	Percentage Of Collections On Newer Contributed Loans PercentageOfCollectionsOnNewerContributedLoans	0.04
	cacc	Percentage Of Collections On Contributed Loans PercentageOfCollectionsOnContributedLoans	0.06
	cacc	Monthly Servicing Fee Per Newer Financings MonthlyServicingFeePerNewerFinancings	0.04
	cacc	Monthly Servicing Fee Per Financing MonthlyServicingFeePerFinancing	0.06
CY2021Q3	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	148200000	usd
CY2021Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1800000	usd
CY2022Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-7400000	usd
CY2023Q2	us-gaap	Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral	1400000	usd
CY2022Q4	us-gaap	Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral	2000000	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2022Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2023Q2	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	-0.043
CY2022Q2	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.030
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.019
	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.030
CY2023Q2	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost	-0.001
CY2022Q2	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost	0.001
	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost	0.035
	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost	0.001
CY2023Q2	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.036
CY2022Q2	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.005
	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.019
	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.007
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.204
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.244
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.213
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.246
CY2022Q2	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	403953	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	12832945	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	13069364	shares
	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	12821478	shares
	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	13483613	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	216990	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	366143	shares
	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	232277	shares
	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	366098	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13049935	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13435507	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13053755	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	13849711	shares
CY2023Q2	cacc	Dilutive Securities Restricted Stock Restricted Stock Units And Options DilutiveSecuritiesRestrictedStockRestrictedStockUnitsAndOptions	50026	shares
CY2022Q2	cacc	Dilutive Securities Restricted Stock Restricted Stock Units And Options DilutiveSecuritiesRestrictedStockRestrictedStockUnitsAndOptions	82472	shares
	cacc	Dilutive Securities Restricted Stock Restricted Stock Units And Options DilutiveSecuritiesRestrictedStockRestrictedStockUnitsAndOptions	32233	shares
	cacc	Dilutive Securities Restricted Stock Restricted Stock Units And Options DilutiveSecuritiesRestrictedStockRestrictedStockUnitsAndOptions	77661	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13099961	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13517979	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13085988	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	13927372	shares
CY2023Q2	cacc	Options Outstanding Excluded From Calculation Of Diluted Net Income Per Share OptionsOutstandingExcludedFromCalculationOfDilutedNetIncomePerShare	228625	shares
CY2022Q2	cacc	Options Outstanding Excluded From Calculation Of Diluted Net Income Per Share OptionsOutstandingExcludedFromCalculationOfDilutedNetIncomePerShare	67264	shares
	cacc	Options Outstanding Excluded From Calculation Of Diluted Net Income Per Share OptionsOutstandingExcludedFromCalculationOfDilutedNetIncomePerShare	241201	shares
	cacc	Options Outstanding Excluded From Calculation Of Diluted Net Income Per Share OptionsOutstandingExcludedFromCalculationOfDilutedNetIncomePerShare	56492	shares
CY2023Q2	cacc	Restricted Share Units Outstanding Excluded From Calculation Of Diluted Net Income Per Share RestrictedShareUnitsOutstandingExcludedFromCalculationOfDilutedNetIncomePerShare	6031	shares
CY2022Q2	cacc	Restricted Share Units Outstanding Excluded From Calculation Of Diluted Net Income Per Share RestrictedShareUnitsOutstandingExcludedFromCalculationOfDilutedNetIncomePerShare	0	shares
	cacc	Restricted Share Units Outstanding Excluded From Calculation Of Diluted Net Income Per Share RestrictedShareUnitsOutstandingExcludedFromCalculationOfDilutedNetIncomePerShare	5814	shares
	cacc	Restricted Share Units Outstanding Excluded From Calculation Of Diluted Net Income Per Share RestrictedShareUnitsOutstandingExcludedFromCalculationOfDilutedNetIncomePerShare	0	shares
CY2023Q2	cacc	Options And Rs Us Outstanding Excluded From Calculation Of Diluted Net Income Per Share OptionsAndRSUsOutstandingExcludedFromCalculationOfDilutedNetIncomePerShare	234656	shares
CY2022Q2	cacc	Options And Rs Us Outstanding Excluded From Calculation Of Diluted Net Income Per Share OptionsAndRSUsOutstandingExcludedFromCalculationOfDilutedNetIncomePerShare	67264	shares
	cacc	Options And Rs Us Outstanding Excluded From Calculation Of Diluted Net Income Per Share OptionsAndRSUsOutstandingExcludedFromCalculationOfDilutedNetIncomePerShare	247015	shares
	cacc	Options And Rs Us Outstanding Excluded From Calculation Of Diluted Net Income Per Share OptionsAndRSUsOutstandingExcludedFromCalculationOfDilutedNetIncomePerShare	56492	shares
CY2023Q2	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	16226	shares
CY2023Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	7800000	usd
CY2022Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	229700000	usd
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	49261	shares
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	22700000	usd
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	1207688	shares
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	652700000	usd
CY2020Q1	cacc	Stock Repurchase Program Number Of Shares Authorized To Be Repurchased Increase StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchasedIncrease	2000000	shares
CY2023Q2	us-gaap	Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased	142267	shares
CY2023Q2	us-gaap	Share Based Compensation ShareBasedCompensation	9800000	usd
CY2022Q2	us-gaap	Share Based Compensation ShareBasedCompensation	9100000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	19700000	usd
CY2023Q2	cacc	Employee Service Share Based Compensation Estimated Allocation Of Recognized Period Costs Remainder Of Year EmployeeServiceShareBasedCompensationEstimatedAllocationOfRecognizedPeriodCostsRemainderOfYear	19900000	usd
CY2023Q2	cacc	Employee Service Share Based Compensation Estimated Allocation Of Recognized Period Costs Next Year EmployeeServiceShareBasedCompensationEstimatedAllocationOfRecognizedPeriodCostsNextYear	38800000	usd
CY2023Q2	cacc	Employee Service Share Based Compensation Estimated Allocation Of Recognized Period Costs In Two Years EmployeeServiceShareBasedCompensationEstimatedAllocationOfRecognizedPeriodCostsInTwoYears	9000000.0	usd
CY2023Q2	cacc	Employee Service Share Based Compensation Estimated Allocation Of Recognized Period Costs In Three Years EmployeeServiceShareBasedCompensationEstimatedAllocationOfRecognizedPeriodCostsInThreeYears	3400000	usd
CY2023Q2	cacc	Employee Service Share Based Compensation Estimated Allocation Of Recognized Period Costs In Four Years EmployeeServiceShareBasedCompensationEstimatedAllocationOfRecognizedPeriodCostsInFourYears	100000	usd
CY2023Q2	cacc	Employee Service Share Based Compensation Estimated Allocation Of Recognized Period Costs Total EmployeeServiceShareBasedCompensationEstimatedAllocationOfRecognizedPeriodCostsTotal	71200000	usd
CY2023Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0000885550-23-000080-index-headers.html	Edgar Link	pending
0000885550-23-000080-index.html	Edgar Link	pending
0000885550-23-000080.txt	Edgar Link	pending
0000885550-23-000080-xbrl.zip	Edgar Link	pending
cacc-20230630.htm	Edgar Link	pending
cacc-20230630.xsd	Edgar Link	pending
cacc-20230630xex1019.htm	Edgar Link	pending
cacc-20230630xex31a.htm	Edgar Link	pending
cacc-20230630xex32a.htm	Edgar Link	pending
cacc-20230630xex4125.htm	Edgar Link	pending
cacc-20230630xex4126.htm	Edgar Link	pending
cacc-20230630xex4127.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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R22.htm	Edgar Link	pending
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R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
cacc-20230630_cal.xml	Edgar Link	unprocessable
cacc-20230630_def.xml	Edgar Link	unprocessable
cacc-20230630_lab.xml	Edgar Link	unprocessable
cacc-20230630_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
cacc-20230630_htm.xml	Edgar Link	completed
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
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R68.htm	Edgar Link	pending
R69.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R70.htm	Edgar Link	pending
R71.htm	Edgar Link	pending
R72.htm	Edgar Link	pending
R73.htm	Edgar Link	pending
R74.htm	Edgar Link	pending
R75.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$CACC
CREDIT ACCEPTANCE CORP Stock $cacc

2023 Q3 Form 10-Q Financial Statement

#000088555023000080 Filed on August 01, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CACC CREDIT ACCEPTANCE CORP Stock $cacc

2023 Q3 Form 10-Q Financial Statement

#000088555023000080 Filed on August 01, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CACC
CREDIT ACCEPTANCE CORP Stock $cacc