AMERICAS CARMART INC

America's Car-Mart, Inc. is one of the largest publicly held automotive retailers in the United States, specializing in the "Integrated Auto Sales and Finance" segment of the used car market. Formed in 1981, the Texas corporation operates primarily through its two subsidiaries, America's Car Mart, Inc. (an Arkansas corporation) and Colonial Auto Finance, Inc. (an Arkansas corporation), collectively referred to as "Car-Mart." The company focuses on selling older model used vehicles and providing financing to nearly all its customers, many of whom have limited financial resources, credit histories, or past credit problems that prevent them from qualifying for conventional financing. As of April 30, 2025, America's Car-Mart, Inc. operated 154 dealerships, predominantly located in small cities across the South-Central United States. The company's business strategy, refined over 40 years, emphasizes collecting customer accounts, which is a critical aspect of its operations. Dealership and corporate personnel daily focus on collections, with incentive compensation for management and account representatives directly or indirectly linked to collection results. The company employs various collection strategies and has a dedicated corporate collections department and support staff to work with field operators, monitor efficiencies, and improve customer success rates.