Financial Analysis

- Acquisitions On June 3, 2024, the Company completed its business combination of Texas Auto Center (TAC), which includes two dealership locations in Austin and San Marcos, Texas. The total purchase price of the TAC acquisition was $13.5 million, which included $3.5 million of contingent consideration. The structure of the transaction is consistent with prior transactions whereby the Company did not acquire existing finance receivables and the seller may receive a performance-based earn-out in the future ranging from zero to a maximum of $15.0 million based on cumulative pre-tax income. The excess of the purchase price over the fair values of the net assets acquired was allocated to goodwill, all of which is deductible for tax purposes and represents the future economic benefits expected to arise from anticipated synergies and intangible assets that do not qualify for separate recognition. The Company recorded the preliminary fair values of the assets acquired and liabilities assumed in the TAC acquisition, which resulted in the recognition of: (1) net working capital assumed of $100,000, (2) inventory of $5.0 million, (3) gross right-of-use asset and lease liability of $7.4 million and (4) goodwill of $8.5 million. The Company finalized the purchase price allocation during the first quarter of fiscal 2026 upon the expiration of the measurement period, with no adjustments to the amounts previously recognized. …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

- Commitments and Contingencies Letter of Credit The Company has standby letters of credit relating to insurance policies totaling $4.5 million at April 30, 2026. Facility Leases The Company leases certain dealership and office facilities under various non-cancelable operating leases. Dealership leases are generally for periods from three to five years and contain multiple renewal options. As of April 30, 2026, the aggregate rentals due under such leases, including renewal options that are reasonably assured, were as follows: Years Ending Amount April 30, (in thousands) 2027 $ 9,427 2028 8,304 2029 7,143 2030 5,855 2031 4,958 Thereafter 26,365 Total undiscounted operating lease payments $ 62,052 Less: imputed interest (12,219) Present value of operating lease liabilities $ 49,833 The $62.1 million of operating lease commitments includes $21.3 million of non-cancelable lease commitments under the lease terms and $40.8 million of lease commitments for renewal periods at the Companys option that are reasonably assured. For the years ended April 30, 2026, 2025, and 2024, rent expense for all operating leases amounted to approximately $10.4 million, $10.1 million, and $9.0 million, respectively. Litigation In the ordinary course of business, the Company has become a defendant in various types of legal proceedings. The Company does not expect the final outcome of any of these actions, individually or in the aggregate, to have a material adverse effect on the Companys financial posi …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

" Debt A summary of debt is as follows: As of April 30, (In thousands) 2026 2025 Senior Secured Notes Payable $ 300,000 $ Debt issuance costs (15,041) Original issue discount (10,800) Non-cash debt discount - warrant (10,478) Senior Secured Notes Payable, net $ 263,681 $ Revolving line of credit $ $ 208,322 Debt issuance costs (3,553) Revolving line of credit, net $ $ 204,769 Non-recourse notes payable - 2023-1 Issuance $ $ 46,289 Non-recourse notes payable - 2023-2 Issuance 92,949 Non-recourse notes payable - 2024-1 Issuance 73,158 Non-recourse notes payable - 2024-2 Issuance 63,773 194,139 Non-recourse notes payable - 2025-1 Issuance 71,650 168,318 Non-recourse notes payable - 2025-2 Issuance 110,758 Non-recourse notes payable - 2025-3 Issuance 88,209 Non-recourse notes payable - 2025-4 Issuance 126,641 Debt issuance costs - non-recourse notes payable (2,346) (2,843) Non-recourse notes payable, net $ 458,685 $ 572,010 Total debt $ 722,366 $ 776,779 Credit and Guaranty Agreement (Senior Secured Notes Payable) On October 30, 2025, the Company and its subsidiaries entered into a Credit and Guaranty Agreement with Silver Point Finance, LLC, as Administrative Agent and Collateral Agent, under which the lending group extended a senior secured term loan facility in an aggregate principal amount of $300.0 million with a maturity date of October 30, 2030. In connection with the Credit and Guaranty Agreement, the Company also issued Silver Point and certain of its affiliates warrants …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Stock-Based Compensation Plans The Company has stock-based compensation plans under which awards of non-qualified stock options, incentive stock options and restricted stock have been or may be granted to employees, directors and certain advisors of the Company. The stock-based compensation plan being utilized at April 30, 2026 is the 2024 Equity Incentive Plan. The 2024 Equity Incentive Plan was approved by the Companys shareholders and became effective on August 27, 2024. This plan governs all new equity-based awards granted on or after its effective date. The 2024 Equity Incentive Plan includes a reserve of 500,000 shares authorized for issuance of awards under the plan. At April 30, 2026, a total of 281,790 shares remained available for future awards under the 2024 Equity Incentive Plan. The Company recorded total stock-based compensation expense for all plans of approximately $3.7 million ($4.8 million after tax effects), $4.7 million ($3.7 million after tax effects), $4.2 million ($3.3 million after tax effects) for the years ended April 30, 2026, 2025, and 2024, respectively. Tax benefits were recognized for these costs at the Companys overall effective tax rate, excluding discrete income tax benefits related to excess benefits on share-based compensation. Stock Option Awards The Company has options outstanding under the Amended and Restated Stock Option Plan. The shareholders of the Company approved the Amended and Restated Stock Option Plan (the Restated Option Plan) …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair Value Measurements Accounting Standards Codification (ASC) Topic 820, Fair Value Measurements, defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. ASC Topic 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance also establishes a fair value hierarchy that requires the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. Topic 820 describes three levels of inputs that may be used to measure fair value: Level 1 Inputs Quoted prices in active markets for identical assets or liabilities. Level 2 Inputs Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities in active markets; quoted prices for similar assets or liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Inputs Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Because no market exists for certain of the Companys financial instruments, fair value estimates are based on judgments and estimates regarding yield expectations of investors, credit risk and other risk characteristics, in …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

- Income Taxes The components of net income (loss) before income tax expense are as follows: Years Ended April 30, (In thousands) 2026 2025 2024 Domestic $ (107,981) $ 22,801 $ (40,135) Total $ (107,981) $ 22,801 $ (40,135) The components of the provision for income taxes are as follows: Years Ended April 30, (In thousands) 2026 2025 2024 Current expense (benefit): Federal $ 3,985 $ 12,408 $ 9,453 State 84 3,123 3,312 Total $ 4,069 $ 15,531 $ 12,765 Deferred expense (benefit): Federal $ 21,636 $ (7,325) $ (18,916) State 5,425 (3,337) (2,591) Total $ 27,061 $ (10,662) $ (21,507) Total income tax expense (benefit) $ 31,130 $ 4,869 $ (8,742) A reconciliation of the Companys statutory income tax rate and effective tax rate is as follows: Years Ended April 30, 2026 2025 2024 (In thousands, except for percentages of income before tax) Amount Percent Amount Percent Amount Percent Pretax Income (Loss) $ (107,981) $ 22,801 $ (40,135) US Federal Statutory Tax Rate (22,676) 21.0 % 4,788 21.0 % (8,428) 21.0 % State and Local Income Taxes, net of Federal benefit (1) 5,508 (5.1) % (966) (4.2) % (1,204) 3.0 % Tax Credits: Federal Employment Credits (246) 0.2 % 173 0.8 % (63) 0.2 % Change in valuation allowance 47,227 (43.7) % % % Nontaxable or Nondeductible Items: Section 162(m) limitation 205 (0.2) % 288 1.3 % 405 (1.0) % Related Finance Provision/(Benefit) (841) 0.8 % 1,083 4.8 % % Other (85) 0.1 % 47 0.2 % (184) 0.5 % Other Adjustments: True Ups 2,038 (1.9) % (571) (2.5) % % Other, net % …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Recently Adopted Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which focuses on the rate reconciliation and income taxes paid. ASU No. 2023-09 requires a public business entity (PBE) to disclose, on an annual basis, a tabular rate reconciliation using both percentages and currency amounts, broken out into specified categories with certain reconciling items further broken out by nature and jurisdiction to the extent those items exceed a specified threshold. In addition, all entities are required to disclose income taxes paid, net of refunds received disaggregated by federal, state/local, and foreign and by jurisdiction if the amount is at least 5% of total income tax payments, net of refunds received. For PBEs, the new standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. For entities other than PBEs, the requirements will be effective for annual periods beginning after December 15, 2025. An entity may apply the amendments in this ASU prospectively by providing the revised disclosures for the period ending December 31, 2025, and continuing to provide the pre-ASU disclosures for the prior periods or may apply the amendments retrospectively by providing the revised disclosures for all periods presented. As of April 30, 2026, the Company adopted this new ASU retrospectively and it only impacts the Company's income tax disclosures wi …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Segment Reporting The Company conducts its operations through a single reportable segment representing the consolidated entity selling and financing used vehicles. Management has determined the Company consists of a single operating and reportable segment. The chief operating decision maker (CODM), who is the Chief Executive Officer, manages the Company on a consolidated basis and utilizes sales, provision for credit losses, and net income (loss) as presented on the Consolidated Statements of Operations as the primary financial measures used in assessing the performance of the Company. The CODM is provided with the following significant segment expenses within selling, general and administrative expenses on the consolidated statement of operations. Other segment items within consolidated net income (loss) are all separately disclosed on the Consolidated Statement of Operations. Segment reporting for the years ended April 30, 2026, 2025, and 2024 are as follows: Years Ended April 30, (Dollars in thousands) 2026 Change 2025 Change 2024 Compensation and benefits: Compensation and benefits, excluding share-based compensation expense $ 120,988 5.0 % $ 115,173 0.8 % $ 114,266 Share-based compensation expense 3,727 (20.8) 4,708 12.8 4,174 Total compensation and benefits $ 124,715 4.0 $ 119,881 1.2 118,440 Store occupancy costs 30,263 43.0 21,161 9.6 19,309 Advertising costs 4,691 (7.2) 5,057 18.0 4,284 Other overhead costs 48,415 13.1 42,822 14.5 37,388 Total selling, general and ad …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

- Summary of Significant Accounting Policies Principles of Consolidation The Consolidated Financial Statements include the accounts of Americas Car-Mart, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated. Segment Information The Company operates in a single reportable segment which represents our core business of offering integrated automotive sales and financing solutions for customers with limited financial resources regardless of credit history. For more information regarding one reportable segment, see Note P. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant estimates include the Companys allowance for credit losses. Concentration of Risk The Company provides financing in connection with the sale of substantially all of its vehicles. These sales are made primarily to customers residing in Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, and Texas, with approximately 26% of revenues resulting from sales to Arkansas customers. As of April 30 …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Capital Stock The Company is authorized to issue up to 50,000,000 shares of common stock, par value $0.01 per share, and up to 1,000,000 shares of preferred stock, par value $0.01 per share. Each share of the Companys common stock has the same relative rights as, and is identical in all respects to, each other share of the Companys common stock. The shares of preferred stock may be issued in one or more series having such respective terms, rights and preferences as are designated by the Board of Directors. The Company has not issued any preferred stock. A subsidiary of the Company has issued 500,000 shares of $1.00 par value preferred stock which carries an 8% cumulative dividend. The Companys subsidiary can redeem the preferred stock at any time at par value plus any unpaid dividends. After April 30, 2017, a holder of 400,000 shares of the subsidiary preferred stock can require the Companys subsidiary to redeem such stock for $400,000 plus any unpaid dividends. On September 20, 2024, the Company completed an underwritten public offering of 1,700,000 shares of its common stock, par value $0.01 per share, at a public offering price of $43.00. Net proceeds from the offering were $68.2 million after deducting the underwriting discount, commissions and offering costs. Under the terms of the Underwriting Agreement entered into in connection with the offering, the Company granted the underwriter an option (the Over-allotment Option), exercisable for 30 days, to purchase up to 255,0 …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

"Subsequent Events As described in Note B (Liquidity and Going Concern), the Company's $300.0 million senior secured term loan facility under its Credit and Guaranty Agreement with Silver Point Finance, LLC, as administrative agent (see Note G), requires the Company to maintain compliance with certain financial covenants, including a minimum liquidity covenant. The Company was in compliance with these covenants as of April 30, 2026. Subsequent to April 30, 2026, the Company failed to comply with these covenants, specifically the minimum liquidity covenant and the minimum collateral coverage ratio covenant. The Company obtained a series of short-term waivers from its lenders and, on June 19, 2026, entered into an amendment to the Credit and Guaranty Agreement (the ""Amendment"") that provides covenant relief for a limited period extending through early September 2026, which may be extended through November 2026 only if specified conditions are satisfied. The Amendment requires the Company to satisfy certain milestones during the relief period. In connection with the waivers and the Amendment, the Company incurred additional debt issuance costs of approximately $18.0 million, which were added to the outstanding principal balance under the Credit and Guaranty Agreement. If the Company fails to satisfy these milestones or the other conditions of the Amendment, or is unable to obtain further covenant relief, waivers or financing prior to the expiration of the relief period, the le …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

M Acquisitions On June 3, 2024, the Company completed its business combination of Texas Auto Center (TAC), which includes two dealership locations in Austin and San Marcos, Texas. The total purchase price of the TAC acquisition was $13.5 million, which included $3.5 million of contingent consideration. The structure of the transaction is consistent with prior transactions whereby the Company did not acquire existing finance receivables and the seller may receive a performance-based earn-out in the future ranging from zero to a maximum of $15 million based on cumulative pre-tax income. The excess of the purchase price over the preliminary fair values of the net assets acquired was allocated to goodwill, all of which is deductible for tax purposes and represents the future economic benefits expected to arise from anticipated synergies and intangible assets that do not qualify for separate recognition. The Company recorded the preliminary fair values of the assets acquired and liabilities assumed in the TAC acquisition, which resulted in the recognition of: (1) net working capital assumed of $100,000, (2) inventory of $5 million, (3) gross right use of asset and lease liability of $7.4 million and (4) goodwill of $8.5 million. …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

K Commitments and Contingencies Letter of Credit The Company has standby letters of credit relating to insurance policies totaling $4.6 million and $3.9 million at October 31, 2025 and 2024, respectively. Facility Leases The Company leases certain dealership and office facilities under various non-cancelable operating leases. Dealership leases are generally for periods from three to five years and contain multiple renewal options. As of October 31, 2025, the aggregate rentals due under such leases, including renewal options that are reasonably assured, were as follows: Maturity of lease liabilities 2026 (remaining) $ 5,101 2027 9,782 2028 9,269 2029 8,603 2030 7,280 Thereafter $ 42,348 Total undiscounted operating lease payments 82,383 Less: imputed interest 16,563 Present value of operating lease liabilities $ 65,820 The $82.4 million of operating lease commitments includes $53.8 million of non-cancelable lease commitments under the lease terms and $28.6 million of lease commitments for renewal periods at the Companys option that are reasonably assured. For the years ended October 31, 2025 and 2024, rent expense for all operating leases amounted to approximately $5.4 million and $5.2 million, respectively. Litigation In the ordinary course of business, the Company has become a defendant in various types of legal proceedings. The Company does not expect the final outcome of any of these actions, individually or in the aggregate, to have a material adverse effect on the Compan …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"F Debt Facilities A summary of debt facilities is as follows: (In thousands) October 31, 2025 April 30, 2025 Senior secured note payable $ 300,000 $ - Debt issuance costs (14,446) - Original issue discount (12,000) - Non-cash debt discount - warrants (11,642) - Senior secured note payable, net $ 261,912 - Revolving line of credit $ - $ 208,322 Debt issuance costs - (3,553) Revolving line of credit, net $ - $ 204,769 Non-recourse notes payable - 2023-1 Issuance $ - $ 46,289 Non-recourse notes payable - 2023-2 Issuance 56,355 92,949 Non-recourse notes payable - 2024-1 Issuance 34,093 73,158 Non-recourse notes payable - 2024-2 Issuance 121,458 194,139 Non-recourse notes payable - 2025-1 Issuance 114,518 168,318 Non-recourse notes payable - 2025-2 Issuance 162,895 - Non-recourse notes payable - 2025-3 Issuance 148,274 - Debt issuance costs - non-recourse notes payable (2,559) (2,843) Non-recourse notes payable, net $ 635,034 $ 572,010 Total debt $ 896,946 $ 776,779 Credit and Guaranty Agreement (Senior Secured Notes Payable) On October 30, 2025, the Company and its subsidiaries entered into a Credit and Guaranty Agreement with Silver Point Finance, LLC, as Administrative Agent and Collateral Agent, under which the lending group extended a senior secured term loan facility in an aggregate principal amount of $300.0 million with a maturity date of October 30, 2030. In connection with the Credit and Guaranty Agreement, the Company also issued Silver Point and certain of its affilia …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

J Stock-Based Compensation The Company has stock-based compensation plans under which awards of non-qualified stock options, incentive stock options and restricted stock have been or may be granted to employees, directors and certain advisors of the Company. The stock-based compensation plan being utilized at October 31, 2025 is the 2024 Equity Incentive Plan. The 2024 Equity Incentive Plan was approved by the Companys shareholders and became effective on August 27, 2024. This plan governs all new equity-based awards granted on or after its effective date. The 2024 Equity Incentive Plan includes a reserve of 500,000 shares authorized for issuance of awards under the plan. At October 31, 2025, a total of 316,519 shares remained available for future awards under the 2024 Equity Incentive Plan. The Company recorded total stock-based compensation expense for all plans of approximately $2.4 million ($1.9 million after tax effects) and $2.7 million ($1.9 million after tax effects) for the six months ended October 31, 2025 and 2024, respectively. Tax benefits were recognized for these costs at the Companys overall effective tax rate, excluding discrete income tax benefits related to excess benefits on share-based compensation. Stock Option Awards The Company has options outstanding under the Amended and Restated Stock Option Plan. The shareholders of the Company approved the Amended and Restated Stock Option Plan (the Restated Option Plan) on August 5, 2015, which extended the term …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

G Fair Value Measurements Accounting Standards Codification (ASC) Topic 820, Fair Value Measurements, defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. ASC Topic 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance also establishes a fair value hierarchy that requires the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. Topic 820 describes three levels of inputs that may be used to measure fair value: Level 1 Inputs Quoted prices in active markets for identical assets or liabilities. Level 2 Inputs Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities in active markets; quoted prices for similar assets or liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Inputs Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Because no market exists for certain of the Companys financial instruments, fair value estimates are based on judgments and estimates regarding yield expectations of investors, credit risk and other risk characteristics, …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements Occasionally, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) or other standard setting bodies which the Company will adopt on the specified effective date Unless otherwise discussed, the Company believes the implementation of recently issued standards which are not yet effective will not have a material impact on its consolidated financial statements upon adoption. In October 2023, the FASB issued an accounting pronouncement (ASU 2023-06) related to disclosure or presentation requirements for various subtopics in the FASBs Accounting Standards Codification (Codification). The amendments in the update are intended to align the requirements in the Codification with the U.S. Securities and Exchange Commissions (SEC) regulations and facilitate the application of GAAP for all entities. The effective date for each amendment is the date on which the SEC removal of the related disclosure requirement from Regulation S-X or Regulation S-K becomes effective, or if the SEC has not removed the requirements by June 30, 2027, this amendment will be removed from the Codification and will not become effective for any entity. Early adoption is prohibited. We do not expect this update to have a material impact on our consolidated financial statements. In December 2023, the FASB issued an accounting pronouncement (ASU 2023-09) related to income tax disclosures. The amendments in this update are intended to enhance the …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

N Segment Reporting The Company conducts its operations through a single reportable segment representing the consolidated entity selling and financing used vehicles. Management has determined the Company consists of a single operating and reportable segment. The chief operating decision maker (CODM), who is the Chief Executive Officer, manages the Company on a consolidated basis and utilizes sales, provision for credit losses, and net income (loss) as presented on the Condensed Consolidated Statements of Operations as the primary financial measures used in assessing the performance of the Company. The CODM is provided with the following significant segment expenses within selling, general and administrative expenses on the consolidated statement of operations. Other segment items within consolidated net income (loss) are all separately disclosed on the Condensed Consolidated Statement of Operations. Segment reporting for the three and six months ended October 31, 2025 and 2024, respectively as follows: Three Months Ended October 31, Six Months Ended October 31, (In thousands) 2025 Change 2024 2025 Change 2024 Compensation and benefits: Compensation and benefits, excluding share-based compensation expense $ 32,543 14.2 % $ 28,500 $ 64,574 14.5 % $ 56,419 Share-based compensation expense 1,189 (9.3) 1,311 2,346 (14.0) 2,729 Total compensation and benefits $ 33,732 13.2 $ 29,811 $ 66,920 13.1 $ 59,148 Store occupancy costs 5,714 17.8 4,850 11,209 6.6 10,512 Advertising costs 1,4 …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

B Summary of Significant Accounting Policies General The accompanying condensed consolidated balance sheet as of April 30, 2025, which has been derived from audited financial statements, and the unaudited interim condensed financial statements as of October 31, 2025 and 2024, have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the six months ended October 31, 2025 are not necessarily indicative of the results that may be expected for the year ending April 30, 2026. For further information, refer to the consolidated financial statements and footnotes thereto included in the Companys annual report on Form 10-K for the year ended April 30, 2025. Principles of Consolidation The condensed consolidated financial statements include the accounts of Americas Car-Mart, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated. Segment Information The Company operates in a single reportable segment which represents our core business of offering integr …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

H Capital Stock The Company is authorized to issue up to 50,000,000 shares of common stock, par value $0.01 per share, and up to 1,000,000 shares of preferred stock, par value $0.01 per share. Each share of the Companys common stock has the same relative rights as, and is identical in all respects to, each other share of the Companys common stock. The shares of preferred stock may be issued in one or more series having such respective terms, rights and preferences as are designated by the Board of Directors. The Company has not issued any preferred stock. A subsidiary of the Company has issued 500,000 shares of $1.00 par value preferred stock which carries an 8% cumulative dividend. The Companys subsidiary can redeem the preferred stock at any time at par value plus any unpaid dividends. After April 30, 2017, a holder of 400,000 shares of the subsidiary preferred stock can require the Companys subsidiary to redeem such stock for $400,000 plus any unpaid dividends. On September 20, 2024, the Company completed an underwritten public offering of 1,700,000 shares of its common stock, par value $0.01 per share, at a public offering price of $43.00. Net proceeds from the offering were $73.8 million after deducting the underwriting discount, commissions and offering costs. Under the terms of the Underwriting Agreement entered into in connection with the offering, the Company granted the underwriter an option (the Over-allotment Option), exercisable for 30 days, to purchase up to 255 …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

O Subsequent Events In November 2025, the Company closed five retail locations as part of its ongoing operating footprint optimization initiatives. The Company had concluded prior to October 31, 2025 that these locations required impairment, and the resulting charges have been recorded in the accompanying consolidated financial statements …

SubsequentEventsTextBlock · excerpt; the full note is in the filing