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Recent Updates — ATLC
September 17, 2026View Source ↗
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.