America’s Car-Mart completes $161.3M term securitization

America’s Car-Mart (CRMT) completed a term securitization transaction involving the issuance of $161.3M 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.