AMERICAS CARMART INC

ROGERS, Ark., Sept. 09, 2026 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today reported financial results for the first quarter ended July 31, 2026. President and CEO Doug Campbell commentary:  Our first quarter results reflect the capital constraints that have defined our results over the last several quarters. With limited capacity to purchase inventory and fund originations, retail units were down 81.9% and revenue was down 57.3%. Inventory ended the quarter at $35.2 million against $112.5 million a year ago. This is a capital structure story, not a demand story. Application volume was limited by the vehicles we had available to sell. Credit performance was also weaker. Net charge-offs were 9.5% of average finance receivables against 6.6% a year ago, and accounts over 30 days past due were 4.6% against 4.1%. Three things drive that: the contraction of the portfolio, continued fuel and cost-of-living pressure on our customers, and the transition of a small portion of the book to centralized collections, which we completed this quarter alongside the dealership consolidations. The transition work is now behind us. Resolving our capital structure remains our first priority. The Special Committee, together with its advisors and management, continues to evaluate the range of financing and strategic alternatives available, including discussions with third parties. We do not intend to comment further on that process. First Quarter Business Review Note: Discussions in each section provide information for the first quarter of fiscal year 2027, compared to the first quarter of fiscal year 2026, unless otherwise noted. SALES VOLUME – Retail units sold decreased 81.9% to 2,450 units compared to the prior year's quarter, reflecting the Company's decision to manage capital and inventory at minimal levels, which declined 68.7% to $35.2 million at July 31, 2026 from $112.5 million a year earlier, and from $54.1 million at April 30, 2026. The decline in retail units sold exceeded the decline in ending inventory because inventory was drawn down over the course of the quarter, resulting in an average balance well below historical levels. These results were also impacted by the consolidation of 60 dealership locations during fiscal 2026, which reduced the Company's dealership count from 154 to 94. Application volume processed through credit decisioning was constrained by the inventory available for sale, which was limited by the Company’s reduced ability to purchase vehicles during the period, and not by a decline in customer demand. TOTAL REVENUE – Total revenue for the quarter was $145.8 million, a decrease of 57.3% year-over-year. The decline was primarily driven by lower retail unit volume — consistent with the reduction in inventory purchases and the store consolidations discussed above — partially offset by a 7.0% increase in the average retail sales price of the vehicle, excluding ancillary products, from $17,319 to $18,530, as the Company prioritized sales of select inventory to higher credit quality customers. The decline in retail volume was partially offset by an increase in third-party wholesale sales, which rose to $21.0 million from $10.8 million. The increase primarily reflects a change in disposition strategy rather than a change in repossession activity. With limited capital available to fund new originations, the Company began wholesaling substantially all repossessed vehicles in late May to accelerate cash conversion, rather than retaining a portion of those uni

ROGERS, Ark., July 14, 2026 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today reported financial results for the fourth quarter and full year ended April 30, 2026. Full Year Key Results (FY’26 vs. FY’25, unless otherwise noted) Total revenue of $1,281.5 million, down 7.9%; interest income increased 3.7% to $253.7 millionSales volumes declined 14.3% to 48,891 units, reflecting reductions in both the active dealership base and inventory purchases, partially offset by a 3.4% increase in the average retail sales priceGross profit per unit improved 1.0% to $7,442; gross margin percentage of 35.4% vs. 36.7%Total collections of $730.0 million, up 2.2% year-over-yearNet charge-offs as a percentage of average finance receivables were 27.6% vs. 25.9%SG&A of $208.1 million; includes $4.0 million in non-recurring restructuring-related charges; adjusted SG&A[¹] of $204.1 million, or 19.9% of salesNon-cash impairment of $11.0 million related to the dealership consolidations, reported on a separate line from SG&ALoss per share of $16.79 and adjusted loss per share[1] of $3.71[1] Calculation of this non-GAAP financial measure and a reconciliation to the most directly comparable GAAP measure are included in the tables accompanying this release. President and CEO Doug Campbell commentary:  Our fourth quarter results reflect the actions we took to preserve liquidity, reduce risk, and operate within our capital structure — and you can see that in our financial performance. The year did not meet our expectations, but this is a liquidity and capital-structure story, not a credit-quality one. On credit, our charge-off ratio ticked up to 7.5% in the fourth quarter, from 6.9% a year ago. Part of that is simply a smaller book — with fewer new loans, our finance receivables are about 6.4% smaller than a year ago, and a smaller balance raises the percentage. The rest reflects our customers paying more at the pump for much of the year, along with some disruption from our dealership consolidations — and we're watching both closely. Underlying credit behavior has been relatively stable, even against those pressures. With respect to our dealership consolidations, the customer accounts from our closed stores moved to stronger nearby locations, or to a centralized collections team we built for the first time earlier this year — a way to serve accounts where the nearest store was no longer a practical fit. That was the right call for the business. It was also a hard one for the associates affected, and I don't want that to get lost in the numbers. We've worked to handle it the right way, with severance pay and assistance in helping those associates find their next role. On June 19, 2026, we amended our credit agreement with our senior secured term loan lenders. The amendment gives us covenant relief and a defined window to complete our previously disclosed review of strategic and financing alternatives. It also sets specific milestones we are required to satisfy and meeting them is central to the path forward. You'll also see a going-concern disclosure in our Form 10-K. It's because we have not yet secured the additional financing or alternative transaction needed to resolve our liquidity constraint. An independent review is underway to assess a wide range of alternatives to get this right for the people who depend on us: our creditors, shareholders, customers, vendors, and associates.

ROGERS, Ark., July 07, 2026 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) today announced it will release fiscal 2026 fourth-quarter and full-year financial results on Tuesday, July 14, 2026, before the market opens. A webcast and conference call will be held that same day at 9:00 a.m. ET to review the Company’s results. Participants may access the conference call via webcast using this link: Webcast Link Here. Those who wish to listen by telephone should register in advance using this Registration Link. Upon registration, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the call. All participants are encouraged to dial-in 10 minutes prior to the start time. A replay of the conference call and webcast will be available on-demand at the Car-Mart Investor Relations website for 12 months from July 14, 2026. About America's Car-Mart America’s Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the United States focused exclusively on the “Integrated Auto Sales and Finance” segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationships with its customers. The Company operates its dealerships primarily in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. For more information about America’s Car-Mart, including investor presentations, please visit our website at www.car-mart.com. Investor ContactJonathan CollinsChief Financial OfficerInvestorRelations@car-mart.com SM Berger & CompanyAndrew Berger, Managing Directorandrew@smberger.com Media Contact Rachel Chesley / Misha RossCar-MartComms@fticonsulting.com Source: America's Car-Mart, Inc.

Amendment Provides Covenant Relief and Runway to Advance Its Strategic ReviewROGERS, Ark., June 19, 2026 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“Car-Mart” or the “Company”), today announced that it has entered into an amendment (the “Amendment”) to its Credit and Guaranty Agreement with Silver Point Finance, LLC, as Administrative Agent, and the Company’s lenders, as part of the Company’s proactive efforts to preserve liquidity and advance its ongoing strategic alternatives process. The Amendment provides the Company with covenant relief and a defined path forward as it works with its advisors to complete a review of strategic alternatives. A Special Committee of the Company’s Board of Directors will continue to actively evaluate the full range of strategic and financing alternatives available to the Company, with a focus on identifying the outcome that maximizes value for all of the Company’s stakeholders. “The Amendment provides us the time to evaluate strategic alternatives and pursue an outcome that best serves our stakeholders,” said Doug Campbell, Chief Executive Officer. “We appreciate our lenders’ cooperation and their agreement to provide us this time, and we are focused on executing on the milestones ahead.” Under the terms of the Amendment, the Company must satisfy certain milestones, and the lenders have agreed to waive specified defaults and events of default under the Credit Agreement and to provide covenant relief for a defined period. The Amendment provides for an initial period running through early September 2026, with the ability to extend to November 2026 if certain conditions are satisfied, providing the Company with a workable timeline to advance its review of strategic alternatives. Additional details of the Amendment will be included in the Company’s Current Report on Form 8-K that the Company intends to file with the Securities and Exchange Commission in the coming days. There can be no assurance that the Company’s review of strategic alternatives will result in any transaction or other outcome, or as to the timing or terms of any such transaction or outcome. The Company does not intend to comment further regarding the review unless and until it determines that further disclosure is appropriate or required. The Company is advised by Mayer Brown LLP as legal counsel, Houlihan Lokey Capital, Inc. as investment banker, and FTI Consulting as financial advisor. About America’s Car-Mart, Inc. America’s Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the United States focused exclusively on the “Integrated Auto Sales and Finance” segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationships with its customers. The Company operates its dealerships primarily in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. For more information about America’s Car-Mart, including investor presentations, please visit our website at www.car-mart.com. Forward Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. Words such as “expects,” “believes,” “will,” “would,” “plans,” “intends,” “continue,” “remain,” and other similar words and expressions are intended to signify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the Amendment and the covenant relief and waivers provided thereunder, the milestones and conditi

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ROGERS, Ark., March 12, 2026 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today reported financial results for the third quarter ended January 31, 2026. Third Quarter Key Highlights (FY’26 Q3 vs. FY’25 Q3, unless otherwise noted) Sales volumes declined 22.1% to 10,275 units, reflecting constraints on origination capacity resulting from the Company's ongoing capital structure transition as well as the significant weather event impacting the south-central states in late JanuaryCompleted Phase 2 store consolidations in January 2026; active dealership count reduced to 136; 18 total locations consolidated across Phases 1 and 2 as part of our ongoing operational improvement initiativeCompleted ACM Auto Trust 2025-4 securitization in December 2025 and issued $161.3 million in asset-backed notesTotal revenue of $286.8 million, down 12.0%; interest income increased 3.1% to $64.2 millionGross profit per unit improved 8.8% to $7,762; gross margin percentage of 35.8% vs. 35.7%Total collections of $179.0 million, up 1.5% year-over-yearNet charge-offs as a percentage of average finance receivables were 6.5% vs. 6.1%SG&A of $51.5 million; includes $2.8 million in non-recurring store consolidation charges; adjusted SG&A1 of $48.7 million, or 21.8% of salesRecorded a non-cash charge of $47.0 million to establish a valuation allowance against deferred tax assetsLoss per share of $9.25 and adjusted loss per share1 of $1.53Total cash including restricted cash of $237.0 million at January 31, 2026 President and CEO Doug Campbell commentary:  "Our third quarter results reflect the impact of our ongoing capital structure transition on origination volumes. The sales volume decline this quarter is a direct result of the moderation of capital deployed on inventory purchases and not a reflection of demand. Sales for the quarter were further challenged by severe weather in the South-Central U.S., which affected our entire footprint and resulted in significant store closures in the last week of January, as well as the impact of operating with a 12% smaller store footprint year-over-year. Our top-of-funnel metrics remained strong throughout the quarter as the need for affordable, quality used vehicles among credit-challenged customers remains robust. "Just prior to the end of the second quarter, we closed a $300 million term loan, which eliminated our revolving line of credit and removed restrictive income statement covenants that had constrained our operational flexibility. In December, we completed the 2025-4 ABS transaction, introducing a residual cash flow structure that improves the economics of our securitization program over time. These were important milestones in our capital structure transformation. We are now focused on completing the final critical component by securing an additional financing source to sustain and supplement our operating cash flows, such as new asset-backed securitizations, warehouse facilities, and other potential sources of financing that would enable the company to execute on its current business plan. We are working diligently on this to restore our origination capacity which will allow us to fully capitalize on the positive demand we see in our markets. "In parallel, we completed Phase 1 and Phase 2 of our SG&A reduction initiatives via store consolidations and

ROGERS, Ark., March 05, 2026 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) today announced it will release fiscal 2026 third quarter financial results on Thursday, March 12, 2026, before the market opens. A webcast and conference call will be held that same day at 9:00 a.m. ET to review the Company’s results. Participants may access the conference call via webcast using this link: Webcast Link Here. To participate via telephone, please register in advance using this Registration Link. Upon registration, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the call. All participants are encouraged to dial-in 10 minutes prior to the start time. A replay of the conference call and webcast will be available on-demand at the Car-Mart Investor Relations website for 12 months from March 12, 2026. About America's Car-Mart America’s Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the United States focused exclusively on the “Integrated Auto Sales and Finance” segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationships with its customers. The Company operates its dealerships primarily in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. For more information about America’s Car-Mart, including investor presentations, please visit our website at www.car-mart.com. Contact:        SM Berger & CompanyAndrew Berger, Managing Directorandrew@smberger.com(216) 464-6400 Source: America's Car-Mart, Inc.

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