America’s Car-Mart (CRMT) Registration Filing summary

Company overview and business model

• Operates as one of the largest publicly held automotive retailers in the U.S., focused on the integrated auto sales and finance segment of the used car market.

• Sells older model used vehicles and provides financing to customers with limited credit histories or past credit difficulties.

• As of October 31, 2025, operated 154 dealerships, primarily in small cities in the South-Central U.S.; recently closed five locations for footprint optimization.

• Focuses on improving vehicle quality and inventory procurement efficiencies to enhance customer experience and gross margins.

Financial performance and metrics

• Entered into a $300 million senior secured term loan facility on October 30, 2025, to support operations and capital structure.

• As of December 3, 2025, had 8,294,807 shares of common stock outstanding.

Use of proceeds and capital allocation

• Will not receive any proceeds from the resale of warrant shares by selling stockholders; all offering expenses paid by the company, with selling stockholders bearing their own transaction costs.