Americas Car-Mart Enters Material Definitive Agreement

TL;DR

AMSC just signed a big deal, could be financing or ops.

AI Summary

On December 17, 2025, Americas Car-Mart, Inc. entered into a material definitive agreement, likely related to financing or operations, as indicated by the filing of an 8-K. The company, incorporated in Texas with its principal business address in Rogers, Arkansas, is involved in the retail auto dealers and gasoline stations sector.

Why It Matters

This filing indicates a significant new agreement for Americas Car-Mart, Inc., which could impact its financial obligations or operational strategies.

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
• December 17, 2025 (date) — Date of earliest event reported
• Texas (jurisdiction) — State of Incorporation
• Rogers, Arkansas (location) — Business Address
• CROWN GROUP INC /TX/ (company) — Former Company Name
• CROWN CASINO CORP (company) — Former Company Name
• SKYLINK AMERICA INC (company) — Former Company Name

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share CRMT NASDAQ Global Select M
• $161,264,000 — n transaction involving the issuance of $161,264,000 aggregate principal amount of asset-bac
• $285,423,197 — ompany (the "Seller"), sold or conveyed $285,423,197 of accounts receivable related to insta
• $128,155,000 — e S&P Global Rating Agency Rating A $128,155,000 5.87% A (sf) B $33,109,000 8.42%
• $33,109,000 — g A $128,155,000 5.87% A (sf) B $33,109,000 8.42% BBB (sf) Net proceeds from th
• $159.7 million — initial purchasers) were approximately $159.7 million. These proceeds are being used for gene

Filing Documents

• f8k_122325.htm (8-K) — 30KB
• exh_41.htm (EX-4.1) — 447KB
• exh_42.htm (EX-4.2) — 97KB
• exh_43.htm (EX-4.3) — 264KB
• exh_991.htm (EX-99.1) — 9KB
• 0001171843-25-008088.txt ( ) — 1206KB
• crmt-20251217.xsd (EX-101.SCH) — 3KB
• crmt-20251217_lab.xml (EX-101.LAB) — 33KB
• crmt-20251217_pre.xml (EX-101.PRE) — 22KB
• f8k_122325_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. The information contained in Item 2.03 of this report is hereby incorporated by reference into this Item 1.01.

03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On December 17, 2025, affiliates of America's Car-Mart, Inc. (the "Company") completed a securitization transaction involving the issuance of $161,264,000 aggregate principal amount of asset-backed, non-recourse notes (the "Securitization Transaction"). Pursuant to this transaction, Colonial Auto Finance, Inc., a wholly-owned subsidiary of the Company (the "Seller"), sold or conveyed $285,423,197 of accounts receivable related to installment sale contracts originated by the Company (the "Receivables") to an indirect wholly owned subsidiary, ACM Funding, LLC (the "Depositor"), which then sold such Receivables to ACM Auto Trust 2025-4 (the "Issuer"), an indirect subsidiary of the Company, which issued two classes of notes, as follows (the "Notes"): Note Class Amount Interest Rate S&P Global Rating Agency Rating A $128,155,000 5.87% A (sf) B $33,109,000 8.42% BBB (sf) Net proceeds from the Securitization Transaction (after deducting the original issue discount and underwriting fee to the initial purchasers) were approximately $159.7 million. These proceeds are being used for general corporate purposes and to make the initial deposits into collection and reserve accounts for the benefit of noteholders. The parties to the transaction are the Company, the Seller, America's Car Mart, Inc., a wholly owned subsidiary of the Company (as the "Servicer"), the Depositor, the Issuer, and Deutsche Bank National Trust Company (the "Trustee"). The Notes were issued pursuant to an Indenture, dated December 17, 2025, by and between the Issuer and the Trustee (the "Indenture"). The Issuer will pay interest and principal on the Notes monthly on the 20th day of each month (or, if that day is not a business day, on the next business day), starting on January 20, 2026. The Class A Notes mature on May 20, 2030, and the Class B Notes mature on Augu

01. Other Events

Item 8.01. Other Events. On December 18, 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 Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 4.1 Indenture, dated December 17, 2025, by and between ACM Auto Trust 2025-4 and Deutsche Bank National Trust Company, as Indenture Trustee. 4.2 Purchase Agreement, dated December 17, 2025, by and between Colonial Auto Finance, Inc. and ACM Funding, LLC. 4.3 Sale and Servicing Agreement, dated December 17, 2025, by and among ACM Auto Trust 2025-4, ACM Funding, LLC, America's Car Mart, Inc., Deutsche Bank National Trust Company, as Indenture Trustee, Calculation and Paying Agent, and Systems & Services Technologies, Inc., as Backup Servicer. 99.1 Press Release dated December 18, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XRBL 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: December 23, 2025 /s/ Jonathan Collins Jonathan Collins Chief Financial Officer (Principal Financial Officer)

View Full Filing

View this 8-K filing on SEC EDGAR