Car-Mart completes $216 million securities transaction
by May 30, 2025 1:02 pm 686 views
Rogers-based America’s Car-Mart Inc. has completed its seventh asset-backed securities (ABS) transaction that includes issuing $216 million in asset-backed notes with an average coupon of 6.27%, according to a Friday (May 30) news release.
ACM Auto Trust 2025-2 issued $165.18 million of class A notes and $50.82 million of class B notes. The class A notes have a coupon rate of 5.55%, and the class B notes have a coupon rate of 7.25%. ACM Auto Trust 2025-2 is an indirect subsidiary of America’s Car-Mart, a buy here, pay here used car dealer.
“I am very pleased with the outcome on our seventh ABS transaction,” said Douglas Campbell, CEO of America’s Car-Mart.
“We continue to see strong demand and improved pricing for our securitizations, which reflects growing market confidence in our portfolio,” said Jonathan Collins, chief financial officer. “The weighted average coupon improved by 22 basis points (0.22 percentage points) to 6.27% compared to our January 2025 issuance and by 107 basis points (1.07 percentage points) from our October 2024 issuance. Our work here continues to lower our financing costs and strengthen our capital efficiency.”
Shares of Car-Mart (NASDAQ: CRMT) were trading Friday at $48.96 up $1.23 or 2.58%. In the past 52 weeks, the stock has ranged between $36.40 and $72.26.