America's Car-Mart, Inc. Announces Store Closures and Restructuring

America's Car-Mart, Inc. (the "Company") announced on April 7, 2026, that its Board of Directors has approved the closure of 42 of its 136 dealership locations and a reduction in associated support staff. This decision stems from the anticipated delay in establishing a non-recourse revolving warehouse credit facility, a key component of the Company's capital structure strategy. While the Company has secured a $300 million senior secured term loan and completed a securitization transaction, the alignment with parties for the warehouse facility has taken longer than expected due to broader market conditions. Consequently, the Company is closing dealerships to align its cost structure and operational capacity with current capital constraints. The Company expects to incur a non-cash impairment charge of approximately $14 million related to assets at the closing locations, along with estimable cash charges for employee separation and lease exit costs. These closures, expected by April 14, 2026, will reduce the Company's operating locations to 94 across 12 states. The Company will continue to monitor performance and may adjust capital allocation further. The Company also reported that management concluded a material charge for impairment of assets is required, estimated at $14 million, related to right-of-use lease assets, leasehold improvements, and other fixed assets at the 42 closing locations. This charge is expected to be recorded in the fourth quarter of fiscal year 2026.