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America鈥檚 Car-Mart, Inc. Receives Notice of Non-Compliance With Nasdaq Listing Rule 5250(c)(1)

ROGERS, Ark., Aug. 01, 2025 (GLOBE NEWSWIRE) -- America鈥檚 Car-Mart, Inc. (NASDAQ: CRMT) (鈥淐ar-Mart鈥� or the 鈥淐ompany鈥�), today announced it received an expected notice (the 鈥淣otice鈥�) from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (鈥淣asdaq鈥�) indicating that, as a result of not having timely filed the Company鈥檚 Annual Report on Form 10-K for the fiscal year ended April 30, 2025 (the 鈥淎nnual Report鈥�) with the Securities and Exchange Commission (the 鈥淪EC鈥�), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the 鈥淟isting Rule鈥�), which requires timely filing of all required periodic financial reports with the SEC.

The Notice was issued because, as previously disclosed in the Company鈥檚 Form 12b-25 filed on July 15, 2025, the Company indicated that the filing of its Annual Report would be delayed beyond the prescribed due date due to management鈥檚 identification of the need to include required disclosures related to loan modifications for borrowers experiencing financial difficulty in accordance with Financial Accounting Standards Board Accounting Standards Codification ("ASC") 310-10-50-42 through 50-44 in its Annual Report. On July 30, 2025, the Company issued a press release and filed a Current Report on Form 8-K disclosing that management had determined that additional time would be needed to complete the omitted disclosures and to address identified material weaknesses and that the Company was unable to file the Annual Report within the extension period, which ended July 29, 2025.

The Notice is not expected to have an immediate effect on the listing or trading of the Company鈥檚 common stock on Nasdaq.

The Notice indicated that the Company must submit a plan to regain compliance with the Listing Rule within 60 calendar days, or by September 29, 2025, and following receipt of such plan, Nasdaq may grant an exception of up to 180 calendar days from the Annual Report due date, or until January 26, 2026, for the Company to regain compliance.

While the Company can provide no assurances as to timing, management intends to file the Annual Report as soon as practicable following completion of the necessary disclosures and remediation efforts.

About America鈥檚 Car-Mart, Inc.

The Company operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in聽the United States聽focused exclusively on the 鈥淚ntegrated聽Auto Sales聽and Finance鈥� segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationships with its customers. The Company operates its dealerships primarily in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. For more information about America鈥檚 Car-Mart, including investor presentations, please visit our website at聽.

Forward-Looking Statements

This press release contains 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act of 1995.聽 All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. Words such as 鈥渆xpect,鈥� 鈥渂elieve,鈥� 鈥渨ill,鈥� 鈥渨ould,鈥� 鈥減lans,鈥� 鈥渋ntends,鈥� and other similar words and expressions are intended to signify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the Company鈥檚 ability to file its Annual Report for the fiscal year ended April 30, 2025 and anticipated disclosures in the Annual Report as well as the Company鈥檚 compliance with Nasdaq Listing Rule 5250(c)(1). Actual events and the timing of such events could materially differ from those anticipated in such forward-looking statements as a result of certain risks and uncertainties, including the time and effort required for the Company to complete its analysis and preparation of the additional disclosures necessary to finalize the Company鈥檚 financial statements and Annual Report; the time and effort required for the Company鈥檚 independent auditor to complete its review of the Annual Report and its audit opinions with respect to the Company鈥檚 financial statements and internal control over financial reporting to be included in the Annual Report; the completion by the Company of its analysis and preparation of the additional disclosures and any other information necessary to complete the financial statements and the Annual Report; the completion by independent auditor of its review procedures and other steps necessary to complete its audit of the Company鈥檚 financial statements and internal control over financial reporting and its review of the Annual Report; the Company鈥檚 ability to regain compliance with Nasdaq listing standards; and additional risks described in more detail in the Company鈥檚 Annual Report on Form 10-K for the fiscal year ended April 30, 2024 and other documents on file with the Securities and Exchange Commission, each of which can be found on the SEC鈥檚 website,聽www.sec.gov, or the investor relations section of the Company鈥檚 website. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.聽You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

Contact:

SM Berger & Company
Andrew Berger, Managing Director

(216) 464-6400