AM.CAR-MART DL-,01

America’s Car-Mart received confirmation from its lenders that they will refrain from enforcing remedies for anticipated breaches of contract until June 12, 2026. The expected breaches relate to covenants on minimum liquidity, collateral ratio and reporting obligations; no waiver was granted and the lenders’ rights will remain after the deadline. The board approved a retention program with cash bonuses and stock options for CEO Douglas W. Campbell and other senior executives, with some options contingent on shareholder approval to increase authorized shares. A special committee is continuing to review strategic alternatives such as financing, recapitalization or M&A, while the company recently reported weak Q3 results and analysts remain skeptical about profitability. » More on de.investing.com

The board of directors of America’s Car-Mart has formed a special committee to explore strategic alternatives and named Adam Paul as independent director and chair. Houlihan Lokey was retained as financial advisor to evaluate options such as financings, recapitalizations, mergers and acquisitions. The committee has exclusive authority to review and negotiate possible transactions, while the board retains final approval. At the same time, the company reported weak Q3 results with adjusted EPS of -$1.53 and declining revenue, prompting Jefferies to cut its price target sharply. » More on de.investing.com

America’s Car-Mart reported a decline in revenue to $286.3m for the third quarter of 2026 and a GAAP loss per share of $9.25, driven by $64.1m in one-time charges. Adjusted loss per share was $1.53, well below analysts’ expectations; unit sales fell 22.1% to 10,275 vehicles. Management closed 18 locations as part of a consolidation, securitized $161.3m of liquidity and expects Q4 FY2026 EPS of $0.18, but sees further near-term pressure. The stock fell more than 20% premarket and hit a new 52-week low. » More on de.investing.com