AMERICAS CARMART INC

AMERICAS CARMART 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. The company primarily sells older model used vehicles and provides financing for nearly all of its customers. Many customers have limited financial resources, credit histories, or past credit problems, making them ineligible for conventional financing. As of April 30, 2026, the company operated 94 dealerships, mainly located in small cities across the South-Central United States. Its operations are conducted through two operating subsidiaries: America's Car Mart, Inc., an Arkansas corporation, and Colonial Auto Finance, Inc., an Arkansas corporation. The company's near-term business strategy focuses on stabilizing operations and preserving financial flexibility, including preserving liquidity by curtailing vehicle inventory purchases, reducing finance receivable originations, tightening underwriting standards, limiting capital expenditures, and reducing staffing levels due to dealership closures. During fiscal year 2026, the company closed 60 dealerships to optimize its footprint, transitioning servicing and collection of associated customer accounts to nearby dealerships or its centralized collections department.