America’s Car-Mart, Inc. (NASDAQ: CRMT)

This investigation is for anyone who acquired securities in America’s Car-Mart, Inc. (NASDAQ: CRMT) prior to September 4, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by, among other things, failing to timely inform investors regarding loan modifications that the Company made for borrowers experiencing financial difficulty.

On July 15, 2025, Car-Mart disclosed it would delay filing its annual report because “management identified the need to enhance disclosures related to loan modifications for borrowers experiencing financial difficulty.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on July 30, 2025, the Company disclosed that it had “concluded that certain previously issued financial statements should no longer be relied upon,” due to omissions in “disclosure related to loan modifications made to borrowers experiencing financial difficulty” including the “qualitative and quantitative information about the types of modifications utilized by the Company,” “the financial effect of the modification by type of modification,” “receivable performance in the 12 months after a modification.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume. Finally, on September 4, 2025, Car-Mart released its first quarter fiscal 2025 financial results, revealing that “sales volumes declined 5.7% to 13,568 units compared to 14,391 in the prior year,” which the Company attributed to “[prioritizing] booking the Company’s strongest-performing customer rankings” and “vehicle quality aimed at controlling repair costs downstream and selling to a better credit quality customer.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in America’s Car-Mart, Inc. (NASDAQ: CRMT) prior to September 4, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.