America's Car-Mart, Inc. Securities Lawsuit Investigation

Shamis & Gentile P.A., a law firm that advocates for investors who are victims of securities fraud, is investigating potential claims against America's Car-Mart, Inc. (CRMT).

If you purchased or held America's Car-Mart securities and suffered losses, you may be eligible to join this securities investigation and seek compensation.

About America's Car-Mart

America's Car-Mart is an automotive retailer specializing in the sale of used vehicles, with a focus on providing financing directly to its customers. The company operates across multiple states and is listed on the Nasdaq Global Select Market under the ticker symbol CRMT.

America's Car-Mart has positioned itself as often serving customers who may not have access to traditional credit. The company’s business model relies heavily on extending loans to buyers, which means its financial results and disclosures about credit quality are closely watched by investors and analysts.

Concerns Under Investigation

Lawyers are investigating potential issues related to disclosures and statements made by America's Car-Mart regarding its loan modification practices and financial reporting. There are several key events and facts that may be examined as part of this investigation.

First, on July 15, 2025, America's Car-Mart announced a delay in filing its Form 10-K, citing the need to “enhance disclosures related to loan modifications for borrowers experiencing financial difficulty.” This announcement led to a sharp stock price decline of approximately 5.2%, dropping from about $60.38 to $57.26 per share.

Shortly after, on July 30, 2025, the company disclosed that its prior financial statements “should no longer be relied upon” because of omitted disclosures about loan modifications made to struggling borrowers. Management admitted that it had failed to include critical qualitative and quantitative information about these modifications, such as the amount and nature of modified receivables, principal forgiveness effects, interest-rate changes, and post-modification payment performance. This admission, made via an 8-K and a press release, triggered another significant stock price drop of about 7.5% (from $49.27 to $45.57).

The largest decline occurred on September 4, 2025, when America's Car-Mart released its first-quarter fiscal 2026 results. The company reported a 5.7% drop in unit sales and a shift in focus toward higher-credit-quality customers, acknowledging that it was prioritizing “selling to a better credit quality customer.” Following this disclosure, the stock plunged 18.2%, from about $44.65 to $36.51.

Attorneys may examine whether America's Car-Mart adequately disclosed required details about loan modifications in its SEC filings, including qualitative and quantitative information about the nature, amount, and performance of modified loans. These disclosures are mandated by accounting standards and are considered material to understanding the company’s credit risk. The investigation may focus on whether omitting these details gave investors an incomplete or misleading picture of the company’s financial health.

Another area of focus could be the company’s internal controls. America's Car-Mart has seemingly acknowledged material weaknesses in its internal controls over financial reporting, specifically related to loan modification disclosures. Legal professionals may review whether executives and board members were aware of these issues or acted with reckless disregard for the accuracy of the company’s public statements.

Attorneys could also investigate whether the company’s admissions regarding unreliable financial statements and material weaknesses in internal controls suggest that senior management knew, or should have known, about the omitted disclosures. The investigation may explore whether these issues affected the company’s ability to secure financing, such as the $170 million securitization completed in August 2025.

Your Rights and Next Steps

Investors who purchased or held America's Car-Mart securities between July 2023 and September 4, 2025, and suffered financial losses, may have important legal rights. This is an investigation, not a filed lawsuit, but it could lead to a class action seeking recovery for affected shareholders.

If lawyers determine that America's Car-Mart may have misrepresented or omitted key information, investors could be eligible to join a class action to pursue compensation. Legal professionals are gathering information and reviewing potential claims related to the company’s disclosures about loan modifications, financial statements, and internal controls.

If you believe you were impacted, you can take steps to protect your rights. Participating in an investigation is time-sensitive, as there are deadlines for joining any potential class action that may arise. Lawyers are ready to help investors understand their options and guide them through the process.

You May Be Entitled to Compensation

If you purchased America's Car-Mart securities and suffered losses during the potential class period, you may be eligible to join any resulting class action and seek compensation for your losses. Securities investigations are time-sensitive, so it is important to act quickly.

To find out if you qualify and to join the investigation, complete the form below.