美国汽车行 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended January31, 2026 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ________ to ________ Commission file number: 0-14939 AMERICA’S CAR-MART, INC.(Exact name of registrant as specified in its charter) Texas63-0851141(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 1805 North 2nd Street, Suite 401,Rogers, Arkansas 72756(Address of principal executive offices) (zip code) (479) 464-9944(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Title of Each ClassOutstanding at March9, 2026Common Stock, par value $0.01 per share8,302,450 AMERICA’S CAR-MART, INC. TABLE OF CONTENTS Item 1.Financial Statements4Condensed Consolidated Balance Sheets (Unaudited) –January31, 2026 andApril30, 20254Condensed Consolidated Statements of Operations (Unaudited) – Three andNine Months Ended January31, 2026 and 20255Condensed Consolidated Statements of Cash Flows (Unaudited) –Nine Months Ended January 31, 2026and 20256Condensed Consolidated Statements of Equity (Unaudited) – Three andNine Months Ended January 31,20267Condensed Consolidated Statements of Equity (Unaudited) – Three andNine Months Ended January 31,20258Notes to Consolidated Financial Statements (Unaudited)9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations36Item 3.Quantitative and Qualitative Disclosures about Market Risk49Item 4.Controls and Procedures49 Item 1.Legal Proceedings51Item 1A.Risk Factors51Item 2.Unregistered Sales of Equity Securities and Use of Proceeds51Item 3.Defaults Upon Senior Securities51Item 4.Mine Safety Disclosure51Item 5.Other Information51Item 6.Exhibits52 SIGNATURES Part I.FINANCIAL INFORMATION Condensed Consolidated Balance Sheets (Unaudited) Table of Contents Condensed Consolidated Statements of Cash Flows (Unaudited) Nine Months Ended January31, 2026 and 2025 A–Organization and Business America’s Car-Mart, Inc., a Texas corporation (the “Company”), is one of the largest publicly held automotive retailers in the UnitedStates focused exclusively on the “Integrated Auto Sales and Finance” segment of the used car market. References to the Company typicallyinclude 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”). The Company primarily sells older model used vehicles and provides financing for substantially all of its customers. Many of theCompany’s customers have limited financial resources and would not qualify for conventional financing as a result of limited credit histories orpast credit difficulties. As of January31, 2026, the Company operated 136 dealerships located primarily in small cities throughout the South-Central United States. During the quarter, the Company closed eighteen dealership locations as part of its ongoing footprint optimizationinitiatives. B–Summary of Significant Accounting Policies General The accompanying condensed consolidated balance sheet as of A