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  "documentTitle": "Credit Acceptance Corporation (CACC)",
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  "presentationDate": "2026-03-01 00:00:00",
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  "notes": "Includes a comparison table at the top referencing NVR and O'Reilly Auto as benchmarks.",
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      "text": "The vintage burn-off creates a mechanical earnings recovery that the bears are ignoring entirely.",
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      "text": "Technology deployment speed: Up 70% since he took the helm; Dealer approval response times: Now under 2 seconds — a 10x improvement; Headcount: Flat while volume scales; Platform architecture: Dealer-facing tools rebuilt as API-first.",
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      "text": "In 2023, Credit Acceptance made a hire that almost nobody on the sell side properly processed. Vinayak Hegde became CEO — not a finance executive, not a banking lifer, but a product and technology leader with 12 years at Amazon...",
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      "text": "AutoZone and NVR also grew earnings over those 20 years. The bear argument is that CACC's earnings are flat. Section VI addresses this directly — the vintage burn-off creates a mechanical earnings recovery that the bears are ignoring entirely.",
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      "text": "NVR, Inc. ~75% +3,200% Blueprint; O'Reilly Auto ~70% +3,500% Blueprint; Credit Acceptance ~61% to date +135% (laggard) Early innings",
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