Group 1 - America's Car-Mart, Inc. has regained compliance with Nasdaq's periodic filing requirement after filing its Annual Report on Form 10-K for the fiscal year ended April 30, 2025 [1] - The compliance notice was received from the Listing Qualifications Department of Nasdaq on August 13, 2025, confirming that the matter is now closed [1] Group 2 - America's Car-Mart operates automotive dealerships in 12 states and is 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 [2] - The company emphasizes superior customer service and building strong personal relationships with its customers [2] - Dealerships are primarily located in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for nearly all customers [2]

Core Points - America's Car-Mart, Inc. has filed its Annual Report on Form 10-K for the fiscal year ended April 30, 2025, with the SEC [1] - The Form 10-K includes disclosures about contract modifications for customers facing financial difficulties, providing shareholders with deeper insights into the business model [2] - With this filing, Car-Mart is now current with its SEC financial reporting obligations and expects to regain compliance with Nasdaq listing standards [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 [4] - The company emphasizes superior customer service and building strong personal relationships with customers, primarily operating in smaller cities throughout the South-Central U.S. [4] - Car-Mart sells quality used vehicles and provides financing for substantially all of its customers [4]

Core Points - America's Car-Mart, Inc. has received a notice from Nasdaq regarding non-compliance due to the delayed filing of its Annual Report for the fiscal year ended April 30, 2025 [1][2] - The delay is attributed to the need for additional disclosures related to loan modifications for borrowers facing financial difficulties, as per accounting standards [2] - The company must submit a plan to regain compliance within 60 days, by September 29, 2025, and may receive an extension of up to 180 days to comply [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 [5] - The company emphasizes superior customer service and strong personal relationships with customers, primarily operating in smaller cities throughout the South-Central United States [5]

Company Announcement - America's Car-Mart, Inc. will release its fiscal 2025 fourth quarter financial results on June 12, 2025, before the market opens [1] - A webcast and conference call will be held on the same day at 9:00 a.m. ET to review the results [1] Conference Call Details - Participants can access the conference call via a provided webcast link or by registering in advance for telephone participation [2] - Telephone participants will receive a confirmation email with dial-in details and a unique PIN [2] - All participants are encouraged to join the call 10 minutes prior to the start time [2] Replay Information - A replay of the conference call and webcast will be available on-demand for 12 months from June 12, 2025, on the Car-Mart Investor Relations website [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. focused on the "Integrated Auto Sales and Finance" segment of the used car market [4] - The company emphasizes superior customer service and building strong personal relationships with customers [4] - Dealerships are primarily located in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for nearly all customers [4]

Financial Data and Key Metrics Changes - The company reported a decline in forecasted net cash flows by 0.2% or $21 million, marking the smallest decline in the last eight quarters [4] - The loan portfolio reached a record high of $9.1 billion on an adjusted basis, up 10% from Q1 last year, despite a decline in unit dollar volume growth [4] Business Line Data and Key Metrics Changes - The company financed over 100,000 contracts during the quarter and collected $1.4 billion overall [8] - The dealer holdback and accelerated dealer holdback paid to dealers amounted to $68 million [8] - The market share in the core segment of used vehicles financed by subprime consumers was 5.2% for the first two months of the year, down from 6% for the same period in 2024 [5][38] Market Data and Key Metrics Changes - The company experienced a decline in unit volume likely due to a scorecard change in Q3 2024, which resulted in lower advance rates and increased competition [5][39] Company Strategy and Development Direction - The company aims to maximize intrinsic value and positively impact its five key constituents: dealers, consumers, team members, investors, and communities [5] - Continued investment in technology and modernization of key technology architecture is a focus area for the company [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges in forecasting due to volatility in the broader market, including inflation and potential impacts from tariffs [23][25] - The company maintains a conservative cash position to navigate the current volatile capital market environment [30] Other Important Information - The company was named a top workplace USA award winner for the fifth consecutive year, ranking number two among companies of its size [9] - Legal fees related to the CFPB lawsuit were not disclosed, but management expressed satisfaction with the lawsuit's withdrawal [42] Q&A Session Summary Question: Discussion on forecast changes and GAAP provision - Management explained the $76 million provision for forecast changes was due to decreased present value of future cash flows and slower cash flow timing [13][17] Question: Volatility in forecasting collections - Management indicated that predicting global performance is challenging and highlighted inflation as a potential factor affecting forecasts [23][25] Question: Increase in cash position - Management stated the increase in cash is a conservative stance due to uncertainties in the capital markets [30] Question: Acceleration of dealer holdback - Management clarified that accelerating dealer holdback incentivizes dealer behavior at origination [35] Question: Legal fees related to CFPB lawsuit - Management refrained from commenting on specific legal costs but expressed satisfaction with the lawsuit's withdrawal [42]