Mergers & Acquisitions ·
Atlanticus Holdings sells CAR Auto Finance unit for $71.2M in cash and seller note
ATLCAtlanticus Holdings Corp
Atlanticus Holdings Corporation completed the sale of its CAR Auto Finance operations to an unaffiliated third party on September 17, 2026. The transaction involved the divestiture of 100% of the Company’s Auto Finance segment for total consideration of approximately $71.2 million, comprising $56.2 million in cash and a $15.0 million seller note. Approximately 154 team members transitioned to the buyer. Atlanticus intends to use the proceeds to reduce debt and invest in higher-growth product lines, ceasing operations in the Auto Finance segment. This company operates in the financial technology industry, enabling bank, retail, and healthcare partners to offer inclusive consumer credit solutions.