Highest-materiality recent filing
Car-Mart reports FY2026 loss of $16.79/share; going-concern doubt disclosed
Total revenue $1,281.5M, down 7.9% YoY; retail units sold 48,891, down 14.3%.
Car-Mart gets limited waiver on loan defaults; pays $18M fee; CFO resigns
Lenders waive specified defaults (liquidity, collateral, reporting) through at least Sept 7, 2026, subject to milestones; company pays up to $18M in fees.
America's Car-Mart extends lender forbearance to June 19, 2026
Forbearance period under Credit Agreement extended through June 19, 2026, from June 12, 2026.
America's Car-Mart gets lender forbearance through June 12; awards $2.6M retention cash to execs
Lender forbearance through June 12, 2026; anticipated defaults on minimum liquidity and collateral coverage covenants.
Board appointed Adam Paul as independent director and chair of new Special Committee to oversee strategic review.
Board approved closure of 42 of 136 dealerships, completed by April 14, 2026; remaining 94 locations.
Car-Mart Q3: Revenue $286.8M (-12%), GAAP EPS -$9.25, units -22.1%
Revenue $286.8M (-12% YoY); retail units sold 10,275 (-22.1%).
Issued $128.2M Class A notes at 5.87% and $33.1M Class B notes at 8.42%.
America's Car-Mart Q2 GAAP loss $2.71/sh; closes $300M term loan; net charge-offs rise to 7.0%
GAAP loss per share $2.71; adjusted loss per share $0.79; total revenue $350.2M (+0.8% YoY).
America's Car-Mart closes $300M term loan, repays $162.9M ABL, issues warrants
$300M senior secured term loan from Silver Point Capital, matures Oct 30, 2030, interest at SOFR+7.5%.
America's Car-Mart annual meeting election results: all directors elected
All 9 director nominees elected with at least 94% of votes cast for each.
America's Car-Mart Q1 loss $0.69/share; revenue down 1.9%, sales volumes drop 5.7%
Net loss per share of $0.69 vs. loss of $0.15 in prior-year quarter; revenue $341.3M, down 1.9%.
America's Car-Mart closes $172M ABS securitization; weighted average coupon improves 81 bps
Issued $172M in asset-backed notes: $133.34M Class A (5.01%) and $38.62M Class B (6.08%).
America's Car-Mart regains Nasdaq compliance after filing annual report
Filed Form 10-K for FY ended April 30, 2025 on August 8, 2025.
Car-Mart (CRMT) receives Nasdaq delisting notice for late FY2025 10-K
Notice received July 31, 2025; must submit compliance plan by September 29, 2025.
Non-reliance on financials for FY2024 and each FY2025 quarter through Jan 31, 2025 – missing ASC 310-10-50 loan-modification footnote disclosures.
America's Car-Mart Q4 EPS $1.26 vs $0.06; FY25 EPS $2.33 vs loss $4.92
Q4 revenue $370.2M (+1.5%); sales volumes up 2.6% to 15,649 units.
Car-Mart closes $216M asset-backed securitization at 6.27% weighted average coupon
Issued $165.18M Class A notes at 5.55% and $50.82M Class B notes at 7.25%.
Car-Mart names Jonathan Collins CFO effective May 12; Vickie Judy becomes CAO
Collins joins from Walmart Africa, where he served as CFO since 2023; prior roles include CAO at Flipkart Group.
Car-Mart Q3 EPS $0.37 vs loss $1.34; revenue up 8.7% to $325.7M
Revenue $325.7M (+8.7% YoY); retail units sold 13,198 (+13.2%).
America's Car-Mart Q3 revenue +8.7%, EPS $0.37 vs -$1.34 loss
Total revenue $325.7M, up 8.7% YoY; retail units sold 13,198 (+13.2%).
America's Car-Mart extends and upsizes ABL facility to $350M, maturing March 2027
Upsized from $320M to $350M; maturity extended to March 31, 2027.
America's Car-Mart completes $200M securitization at 6.49% weighted avg coupon, 95 bps improvement
$150.77M Class A notes at 5.38% and $49.23M Class B notes at 7.87%; weighted average coupon 6.49%.
Car-Mart Q2 revenue $347.3M, EPS $0.61; adjusted loss $0.24; unit sales down 9.1%
Total revenue $347.3M, down 3.5% YoY; retail units sold 13,784 (-9.1%).
America's Car-Mart closes partial overallotment sale of 138,272 shares at $43.00, netting $5.6M
On Oct 22, 2024, Company closed sale of 138,272 shares at $43.00 per share (partial exercise of overallotment option).
America's Car-Mart closes $300M securitization; weighted avg coupon 7.44%
Issued $228.2M Class A Notes (6.06%) and $71.8M Class B Notes (9.21%).
Car-Mart appoints Jamie Fischer as COO effective Oct 7, 2024; she joins from DriveTime.
Appointment effective October 7, 2024; Fischer reports to CEO Doug Campbell.
Car-Mart prices 1.7M-share offering at $43/share; net proceeds ~$67.8M to repay debt
Pricing of 1.7M shares at $43.00/share; gross proceeds $73.1M before underwriting discounts and expenses.
Car-Mart reduces revolver by $20M to $320M, tightens covenants, restricts buybacks
Line of credit reduced by $20M to $320M; minimum $20M availability required after Oct 15 (or $50M if borrowings >= $300M).
America's Car-Mart Q1 FY2025: Revenue down 5.2%, posts $0.15 loss per share vs $0.63 EPS last year
Revenue $347.8M (down 5.2%), net loss $0.15 diluted EPS vs $0.63 diluted EPS prior year.
Stockholders approve 2024 Equity Incentive Plan authorizing 500,000 shares; directors re-elected
2024 Equity Incentive Plan approved with 3,608,745 votes for, 1,181,342 against; 500,000 shares authorized.
America's Car-Mart secures $150M warehouse loan facility; amends credit covenants
Entered $150M warehouse loan facility with Atlas Securitized Products Funding 1, L.P., maturing July 12, 2026.
Car-Mart Board approves updated Code of Conduct and Ethics on June 24, 2024
Board approved and adopted updated Code of Conduct and Ethics on June 24, 2024.
America's Car-Mart Q4 revenue down 5.8%; EPS $0.06 vs $0.32; FY loss per share $4.92
Revenue $364.7M, down 5.8% YoY; diluted EPS $0.06 vs $0.32.
Car-Mart reports Q3 loss of $1.34/share; revenue down 7.9%, sales volume down 19.6%
Net loss per share $1.34 (diluted) vs $0.23 diluted EPS prior year; revenue $299.6M down 7.9%.
Total credit facility reduced from $600M to $340M; accordion feature restored to $100M.
America's Car-Mart completes $250M securitization of auto receivables
Issued $183.19M Class A notes at 7.71% and $66.81M Class B notes at 11.40% via ACM Auto Trust 2024-1.
Car-Mart amends CEO Campbell's equity awards; $3.36M restricted stock, $5.04M options
Amendment adjusts CEO Campbell's restricted stock award to $3.36M and adds $5.04M stock option award.
Campbell's base salary $800K, target bonus 125% for FY2024.
America’s Car-Mart reports Q2 loss of $4.30 per share; credit loss allowance increased
Revenue up 2.8% to $361.6M; unit sales down 4.6% to 15,162.
America's Car-Mart enters separation agreement with former SVP Leon Walthall
Former SVP of Field Operations Leon Walthall's employment ended effective October 20, 2023.
America's Car-Mart SVP of Field Operations Leon Walthall departs effective Oct 20, 2023
Leon L. Walthall, Senior Vice President of Field Operations, agreed to leave his role.
Former CEO and Board member William 'Hank' Henderson passes away
William 'Hank' Henderson passed away on October 14, 2023.
America's Car-Mart Q1 EPS $0.63 on $368M revenue; CEO succession to Doug Campbell
Diluted EPS $0.63 vs $2.07 a year ago; revenue $368M, up 8.6% YoY.
America's Car-Mart annual meeting elects directors, approves say-on-pay, and ratifies auditor
All seven director nominees elected with >94% of votes cast (excluding broker non-votes).
New annual cash bonus plan; target bonus as % of salary: CEO & President 100%, CFO 75%.
America's Car-Mart closes $360.3M auto loan securitization; 7.97%/9.85% notes
Issued $271.6M Class A (7.97%) and $88.7M Class B (9.85%) notes via ACM Auto Trust 2023-2.
America's Car-Mart files $400M shelf registration for potential future capital raising
Filed $400M shelf registration on Form S-3 on June 29, 2023, covering common stock, preferred, debt, rights, and warrants.
America's Car-Mart Reports Q4 Fiscal 2023: Revenue Up 12.2% but EPS Plunges to $0.32
Revenues of $388.3M, up 12.2% vs prior year Q4, with unit sales up 7.5%.
Amendment expands borrowing base to include vehicle contracts with original terms up to 72 months (previously max 60 months); contracts >60 months capped at 15% of eligible finance receivables.
On May 22, 2026, the Board increased the size of the Board from nine members to ten members and appointed Adam Paul as an independent director, effective immediately.
announced the appointment of Jonathan Collins as Chief Financial Officer of the Company, effective May 12, 2025 (the "Effective Date").
the Company’s current Chief Financial Officer, Vickie Judy, will continue to serve in an executive capacity as the Company’s Chief Accounting Officer.
On September 24, 2024, America’s Car-Mart, Inc. (the “Company”) announced the appointment of Jamie Fischer as Chief Operating Officer of the Company, effective October 7, 2024 (the “Effective Date”).
On November 30, 2023, the Board of Directors of the Company elected Jonathan Z. Buba as a new, independent director, effective immediately.
On November 1, 2023, America’s Car Mart, Inc. (the “Company”), the wholly-owned operating subsidiary of America’s Car-Mart, Inc., entered into a separation agreement, dated as of October 30, 2023 (the “Separation Agreement”), with the Company’s former Senior Vice President of Field Operations, Leon L. Walthall, whose employment with the Company ended effective October 20, 2023.
the Company and Leon L. Walthall, Senior Vice President of Field Operations, have agreed that Mr. Walthall would not continue in his role as Senior Vice President, with his employment to terminate effective October 20, 2023.
It is with great sadness that America’s Car-Mart, Inc. (the “Company”) announces that William “Hank” Henderson passed away on October 14, 2023.
Upon Mr. Campbell’s promotion to CEO, the Company’s current CEO, Jeffrey A. Williams, will serve as CEO Emeritus and an advisor to senior management effective October 1, 2023, for the remainder of fiscal year 2024.
the Board also approved increasing the number of directors serving on the Board to eight directors and appointed Mr. Campbell to serve as a director effective October 1, 2023.
Effective January 10, 2023, Leon L. Walthall assumed the position of Senior Vice President of Field Operations for America’s Car-Mart’s principal operating subsidiary and no longer serves as the Chief Operating Officer of America’s Car-Mart, Inc.
On September 26, 2022, America’s Car-Mart, Inc. (the “Company”) announced the appointment of Douglas Campbell as President of the Company effective October 3, 2022.
Max materiality 0.90 · Median 0.65 · Most common event debt