The Used Car Leasing Opportunity Nobody Is Talking About - (AMT.V / AMTFF)

Three months ago I posted my *AmeriTrust Financial Technologies* (AMT.V / AMTFF) thesis when the stock was trading around $0.06.

Today it closed at $0.10.

What's interesting is that after reading the Q1 release, I think the story is actually more compelling now than it was back then.

The biggest question was always:

"Can they actually originate leases?"

We finally got our answer.

In Q1, AmeriTrust received **1,430 lease applications** representing roughly **$56M in potential funding opportunities**. Those applications came from 236 dealers.

Here's the part that caught my attention:

They only funded deals with 15 dealers.

Management stated they intentionally launched with extremely conservative underwriting while testing systems and building a prime-quality portfolio.

Those 15 dealers represent roughly **2% of their current network of 780+ dealers.**

Think about that.

**236 dealers submitted business.**
**15 dealers got funded.**

And despite barely opening the faucet, management revealed that **April nearly matched the ENTIRE funding volume generated during Q1**!!

The quality of the portfolio was also better than I expected:

• Average FICO: 752
• Average APR: 8.71%
• **Average financed amount: US$88,059**

Then there's the warehouse model.

Under the old structure, AmeriTrust originated leases and sold them. Now they're retaining leases and building a portfolio. Those **first 16 leases** generated roughly $102k of immediate origination income while creating approximately $1.78M of contracted future cash flows.

The more I dig into this, the more it feels like we're still incredibly early.

Over the last few months they've **hired dealer sales managers in Texas, Nevada and California**, added 151 dealers and 348 storefronts in Q1, expanded licensing to 41 states plus D.C., and are building out AmeriTrust Auto and their servicing platform.

Three months ago the question was whether this thing worked at all.

Today we know it works. Now the question is how big can it get.

Attaching their Q1 results here: [https://ameritrust.com/ameritrust-announces-first-quarter-2026-financial-results/](https://ameritrust.com/ameritrust-announces-first-quarter-2026-financial-results/)

**Not financial advice. Long and holding.**