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The latest update is out from America’s Car-Mart ( (CRMT) ).
America’s Car-Mart, Inc. has launched an underwritten public offering of 1.7 million shares at $43 each, eyeing proceeds of approximately $67.8 million, excluding potential sales from an additional 255,000 shares available to the underwriter for 30 days. The offering, which closed the following day, will fund Car-Mart’s debt repayment and general corporate needs. The offering was managed by Jefferies LLC and is part of Car-Mart’s strategy to strengthen its financial position and continue its growth in the “Integrated Auto Sales and Finance” sector of the used car market.
Find detailed analytics on CRMT stock on TipRanks’ Stock Analysis page.