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  1. Atlanticus Holdings Corporation and LendingClub are competing for investment as finance companies.

Atlanticus Holdings Completes Sale of Auto Finance Segment CAR

1 report, 1 independent Updated Sep 23
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Atlanticus Holdings Corporation announced on September 17 that it had completed the sale of CAR, its entire Auto Finance segment, to an unaffiliated buyer. The transaction consideration was approximately $71.2 million, consisting of $56.2 million in cash and a $15 million seller note. The company plans to use the cash proceeds to reduce debt and invest in higher-growth product lines.

From yahoo.com

Why it matters

Some supportBrind's analysis of the reports

The sale concludes the operating segment of CAR, allowing Atlanticus Holdings Corporation to concentrate resources on consumer-credit products. The company also noted that 154 employees associated with CAR are transitioning to the buyer.

Atlanticus Holdings Corporation and LendingClub are competing for investment as finance companies.

From yahoo.com

Who's involved

  • CARCompany whose entire Auto Finance segment was sold
  • companyThe buyer of the Auto Finance segment

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • CARSpeculative

    Atlanticus Holdings Corporation could improve the productivity of its capital by focusing on profitable growth through existing relationships.

Keep exploring

Part of

Atlanticus Holdings Corporation and LendingClub are competing for investment as finance companies. All 1 developments

The entities involved

Coverage

Newest first; wire copies grouped