America's Car-Mart, Inc. Completes $200 Million Term Securitization

Core Insights - America's Car-Mart, Inc. completed a term securitization transaction issuing $200 million in asset-backed notes with a weighted average coupon of 6.49% [1] - The transaction was over 10 times oversubscribed, indicating strong market demand [1] - The weighted average coupon improved by 95 basis points compared to the previous October 2024 securitization, reflecting confidence in asset quality [3] Securitization Details - ACM Auto Trust 2025-1 issued $150.77 million of Class A Notes with a coupon rate of 5.38% and $49.23 million of Class B Notes with a coupon rate of 7.87% [2] - The notes are an indirect subsidiary of America's Car-Mart and have not been registered under the Securities Act of 1933 [4] Company Overview - America's Car-Mart operates automotive dealerships in 12 states, focusing on the "Integrated Auto Sales and Finance" segment of the used car market [5] - The company emphasizes superior customer service and strong personal relationships with customers, primarily operating in smaller cities in the South-Central United States [5]