CACC — what changed in the latest 10-Q
A section-by-section comparison of CACC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-05 vs the prior 10-Q · 2025-10-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +37 | −88 | ~20 | 71 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 1 |
| Other information | Text added/removed | +1 | −11 | ~2 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-05
Our financial results for the three months ended March 31, 2026 included the following:
•$7.9 billion average balance of our Loan portfolio, consistent with the first quarter of 2025.
•Consumer Loan assignment unit volume of 95,992 and dollar volume of $1.1 billion, down 4.3% and 4.0%, respectively, compared to the first quarter of 2025.
•Forecasted net cash flows from our Loan portfolio declined modestly by $9.1 million, or 0.1%, representing the smallest quarterly change in the past three years.
•365,258 shares, or 3.4% of the shares outstanding at the beginning of the quarter, were repurchased at a cost of $178.9 million.
Text removed vs the prior filing · source: 10-Q · 2025-10-30
•A 3.9% increase in the average balance of our Loan portfolio from the third quarter of 2024 to $8.0 billion.
•A decline in Consumer Loan assignment unit and dollar volumes of 16.5% and 19.4%, respectively, as compared to the third quarter of 2024.
•A decline in forecasted collection rates, which decreased forecasted net cash flows from our Loan portfolio by $58.6 million, or 0.5%, and slower forecasted net cash flow timing.
•$107.4 million in the repurchase of approximately 230,000 shares, or 2.0% of the shares outstanding at the beginning of the quarter.
•The enrollment of 1,342 new Dealers, with 10,180 active Dealers during the quarter.
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-05
(1) On February 26, 2026, Mr. Ulatowski terminated the trading arrangement he had adopted on August 8, 2025. The trading arrangement, which had an expiration date of August 4, 2026, provided for the sale of up to 20,000 shares of common stock underlying employee stock options through and including t…
Text removed vs the prior filing · source: 10-Q · 2025-10-30
8/15/2025Up to 20,000 shares of common stock underlying employee stock options11/2/2026
8/21/2025Up to 13,950 shares of common stock underlying employee stock options12/30/2026
8/18/2025Up to 24,625 shares of common stock underlying employee stock options6/28/2027
9/4/2025Up to 18,000 shares of common stock underlying employee stock options10/30/2026
8/13/2025Up to 12,000 shares of common stock underlying employee stock options11/2/2026
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice