America's Car-Mart Advances SG&A Cost Control Strategy With Phase 2 Store Consolidations

Core Viewpoint - America's Car-Mart, Inc. has completed Phase 2 of its SG&A Cost Control Strategy through footprint optimization, consolidating 13 locations into higher-performing nearby dealerships, totaling 18 locations across both phases [1][2]. Group 1: Footprint Optimization Strategy - The consolidation of locations aims to enhance operational efficiency and improve returns by focusing resources on high-performing markets [2][3]. - Customers from consolidated locations will continue to receive services at nearby dealerships, ensuring uninterrupted access to sales and service activities [2][3]. - The company emphasizes its commitment to modernizing its business model and better utilizing inventory and teams to strengthen performance at remaining locations [3][6]. Group 2: Consolidated Locations - The locations consolidated in Phase 1 include Decatur, AL; Athens, AL; Henderson, KY; and others, while Phase 2 includes Gadsden, AL; Montgomery, AL; and several others [4]. - The consolidation process reflects a strategic decision to optimize the store network in support of long-term profitability and growth [6]. Group 3: Company Overview - America's Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the U.S., focusing on the "Integrated Auto Sales and Finance" segment of the used car market [7][8]. - The company prioritizes superior customer service and building strong personal relationships with customers, primarily in smaller cities throughout the South-Central United States [8].