AMERICAS CARMART INC

Business and Organization America’s Car-Mart, Inc., a Texas corporation (the Company ), 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. References to the Company include the Company’s consolidated subsidiaries. The Company’s operations are principally conducted through its two operating subsidiaries, America’s Car Mart, Inc., an Arkansas corporation ( Car-Mart of Arkansas ), and Colonial Auto Finance, Inc., an Arkansas corporation ( Colonial ). Collectively, Car-Mart of Arkansas and Colonial are referred to herein as Car-Mart. The Company primarily sells older model used vehicles and provides financing for substantially all of its customers. Many of the Company’s customers have limited financial resources and would not qualify for conventional financing as a result of limited credit histories or past credit problems. As of April 30, 2026, the Company operated 94 dealerships located primarily in small cities throughout the South-Central United States. Business Strategy Near-Term Priorities In light of the Company's current liquidity position, the Company's near-term business strategy is focused on stabilizing operations and preserving financial flexibility. Those near-term priorities include: Preserving Liquidity.