America's car-mart, inc. to acquire taylor auto credit from keith and marcia hagler

Rogers, ark., dec. 05, 2022 (globe newswire) -- america's car-mart, inc. (nasdaq: crmt) today announced that its subsidiary, america's car mart, inc. (the “company”), has entered into a definitive agreement to purchase the ongoing dealership assets of credit-line, incorporated and loanco., inc., both texas corporations doing business as taylor auto credit (“taylor auto credit”). as a result, the company will be entering a new market in taylor, texas (northeast of austin). the existing finance receivables will be excluded from the transaction and will be collected by the seller. the company expects to close the agreement prior to december 31, 2022.
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