America’s Car-Mart, Inc. Completes $161.3 Million Term Securitization

About this update from America's Car-mart, Inc.

New Residual Structure Improves Capital Efficiency ROGERS, Ark., Dec. 18, 2025 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart,” or the “Company”) announced today that it has completed a term securitization transaction involving the issuance of $161.3 million in principal amount of asset-backed notes with a weighted average coupon of 7.02%. The 2025-4 transaction marks another significant milestone for Car-Mart, as it introduces a more efficient deal structure that generates increased cash flow for the business compared to previous securitizations. Additionally, by incorporating a residual cash flow structure that delivers funds to the Company on a monthly basis, this transaction is projected to reduce Car-Mart’s long-term cost of capital by minimizing the need for frequent future transactions and the associated fees. “Multi-year strategies to improve our capital structure and operating platform are essential to repositioning Car-Mart for long-term success,” said Douglas Campbell, Chief Executive Officer of America’s Car-Mart. “Since entering the ABS market in 2022, we’ve made progress improving spreads and the weighted average coupon within legacy deal structures. With the 2025-4 transaction, we are now improving the structure to retain more cash flow in our business and make our ABS program more efficient. This is an important milestone reflecting Car-Mart’s continued evolution as we align our operating improvements with a stronger, more flexible capital structure.” "Our transition to a residual cash flow structure is an important step forward in improving our securitization program. While the 7.02% weighted average coupon compares to 5.46% on our 2025-3 issuance, the difference primarily reflects our shift from an accelerated amortization structure to a residual cash flow structure that retains more value for Car-Mart over the life of the deal. We expect the long-term benefits to drive meaningful reductions in our cost of capital. The improvements we are making across our capital structure are providing Car-Mart with improved liquidity, better capital efficiency, and more stable funding capacity. We believe these efforts position the business for long-term success and value creation," said Jonathan Collins, Chief Financial Officer. ACM Auto Trust 2025-4 is an indirect subsidiary of the Company. The notes have not ...

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