Atlanticus Holdings Corporation announced on September 17, 2026, that it has completed the sale of its CAR Auto Finance operations to an unaffiliated third party. The transaction involved the sale of 100% of the Auto Finance segment.
Total consideration for the sale was approximately $71.2 million. This amount consists of $56.2 million in cash and a $15.0 million seller note. Following the close of the deal, Atlanticus will no longer operate an Auto Finance segment.
Approximately 154 team members associated with CAR are transitioning to the buyer in connection with the transaction. The company stated that it expects to use the cash proceeds from the sale to reduce debt and invest in higher-growth product lines.
Jeff Howard, President and Chief Executive Officer of Atlanticus, commented on the transaction, noting that CAR has been a valuable part of the company for many years. He stated that the sale strengthens the balance sheet and allows the company to concentrate capital and management resources on consumer credit products where it sees the greatest opportunities for growth.
