America’s Car-Mart, Inc. Completes $300 Million Term Securitization
America's Car-Mart, Inc. (CRMT)
Last america's car-mart, inc. earnings: 2/19 05:00 pm
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Source: GlobeNewswire
ROGERS, Ark., Oct. 11, 2024 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (the “Company”) announced today that it has completed a term securitization transaction involving the issuance of $300 million in principal amount of asset-backed notes with an overall weighted average coupon of 7.44%. The advance rate for this transaction was 59.15%. ACM Auto Trust 2024-2 issued $228.2 million of Class A Notes and $71.8 million of Class B Notes. The Class A Notes have a coupon rate of 6.06% and the Class B Notes have a coupon rate of 9.21%. “We are pleased with the successful completion of our second term securitization of 2024, with benchmark rate and spread improvements resulting in a 198 basis point improvement in the weighted average coupon compared to our January 2024 transaction,” said Vickie Judy, Chief Financial Officer. ACM Auto Trust 2024-2 is an indirect subsidiary of the Company. The notes have not been and will not be registered under the Securities Act of 1
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- America's Car-Mart (NASDAQ:CRMT) Surprises With Q3 Sales [Yahoo! Finance]Yahoo! Finance
- America's Car-Mart, Inc. (NASDAQ: CRMT) was upgraded by analysts at Stephens from a "hold" rating to a "strong-buy" rating.MarketBeat
CRMT
Earnings
- 12/5/24 - Beat
CRMT
Sec Filings
- 12/9/24 - Form 10-Q
- 12/5/24 - Form 8-K
- 11/12/24 - Form SC
- CRMT's page on the SEC website