Americas Car-Mart Enters Material Definitive Agreement

TL;DR

ACMT signs new deal, could be big.

AI Summary

On August 28, 2025, Americas Car-Mart, Inc. entered into a material definitive agreement, likely related to a financial obligation. The company, headquartered in Rogers, Arkansas, filed this 8-K report on September 2, 2025, detailing the event. This filing also includes information on other events and financial statements.

Why It Matters

This filing indicates a significant new agreement for Americas Car-Mart, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Players & Entities

• AMERICAS CAR-MART, INC. (company) — Registrant
• August 28, 2025 (date) — Date of earliest event reported
• September 2, 2025 (date) — Filing date
• Texas (location) — State of incorporation
• Rogers, Arkansas (location) — Business and mailing address

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share CRMT NASDAQ Global Select M
• $133,340,000 — uance and sale in a private offering of $133,340,000 aggregate principal amount of 5.01% Cla
• $38,620,000 — Backed Notes (the "Class A Notes") and $38,620,000 aggregate principal amount of 6.08% Cla
• $291.5 million — ompany. The Notes are collateralized by $291.5 million of accounts receivable related to insta
• $170.7 million — and other expenses) were approximately $170.7 million and are being used to pay outstanding d

Filing Documents

• f8k_090225.htm (8-K) — 41KB
• exh_41.htm (EX-4.1) — 462KB
• exh_101.htm (EX-10.1) — 114KB
• exh_102.htm (EX-10.2) — 305KB
• exh_991.htm (EX-99.1) — 4KB
• 0001171843-25-005678.txt ( ) — 1287KB
• crmt-20250828.xsd (EX-101.SCH) — 3KB
• crmt-20250828_lab.xml (EX-101.LAB) — 33KB
• crmt-20250828_pre.xml (EX-101.PRE) — 22KB
• f8k_090225_htm.xml (XML) — 4KB

01. Entry

Item 1.01. Entry into a Material Definitive Agreement. On August 28, 2025, affiliates of America's Car-Mart, Inc. (the "Company") completed a securitization transaction (the "Securitization Transaction"), which involved the issuance and sale in a private offering of $133,340,000 aggregate principal amount of 5.01% Class A Asset Backed Notes (the "Class A Notes") and $38,620,000 aggregate principal amount of 6.08% Class B Asset Backed Notes (the "Class B Notes" and, together with the Class A Notes, the "Notes"). The Notes were issued by ACM Auto Trust 2025-3 (the "Issuer"), an indirect subsidiary of the Company. The Notes are collateralized by $291.5 million of accounts receivable related to installment sale contracts originated by the Company's operating subsidiaries, America's Car Mart, Inc. and Texas Car-Mart, Inc. The Issuer will be the sole obligor of the Notes; the Notes will not be obligations of or guaranteed by the Company or any of its other affiliates or subsidiaries. Net proceeds from the offering (after deducting the underwriting discount payable to the initial purchasers and other expenses) were approximately $170.7 million and are being used to pay outstanding debt and make the initial deposits into collection and reserve accounts for the benefit of noteholders. S&P Global Rating Agency has rated the Notes as follows: Class A Notes, A (sf) ; and Class B Notes, BBB (sf) . To execute the Securitization Transaction, Colonial Auto Finance, Inc., a wholly-owned subsidiary of the Company (the "Seller"), sold or conveyed certain customer receivable contracts (the "Receivables") (loans made to finance customer purchases of used vehicles from the Company's subsidiaries) to ACM Funding, LLC, an indirect wholly-owned subsidiary of the Company (the "Depositor"), pursuant to a Purchase Agreement, dated as of August 28, 2025, by and between the Seller and the Depositor (the "Purchase Agreement"). The Receivables were then sold by the Depositor to the Issuer pu

03. Creation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.

01. Other

Item 8.01. Other Events. On August 29, 2025, the Company issued a press release announcing the Securitization Transaction. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.

01. Financial

Item 9.01. Financial (d) Exhibits. 4.1 Indenture, dated August 28, 2025, by and between ACM Auto Trust 2025-3 and Deutsche Bank National Trust Company, as Indenture Trustee. 10.1 Purchase Agreement, dated August 28, 2025, by and between Colonial Auto Finance, Inc. and ACM Funding, LLC. 10.2 Sale and Servicing Agreement, dated August 28, 2025, by and among ACM Auto Trust 2025-3, ACM Funding, LLC, America's Car Mart, Inc., Deutsche Bank National Trust Company, as Indenture Trustee, Calculation Agent and Paying Agent, and Systems & Services Technologies, Inc., as Backup Servicer. 99.1 Press Release dated August 29, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. America's Car-Mart, Inc. Date: September 2, 2025 /s/ Jonathan Collins Jonathan Collins Chief Financial Officer (Principal Financial Officer)

View Full Filing

View this 8-K filing on SEC EDGAR