America’s Car-Mart, Inc. operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.
Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT. The company completed its initial public offering in 1991 and later relocated its corporate headquarters to Rogers, Arkansas. Over the decades, America’s Car-Mart has refined its credit underwriting processes and customer support infrastructure to accommodate a broad spectrum of borrowers who may not qualify for traditional dealer or bank financing.
As of its most recent reporting, America’s Car-Mart operates approximately 90 dealership locations across 14 states in the South and Midwest, including Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Missouri, North Carolina, Ohio, Oklahoma, South Carolina and Tennessee. Each dealership features used-vehicle inventory, on-site financing offices and service departments, enabling the company to maintain direct relationships with customers throughout the life of each loan.
The company is led by President and Chief Executive Officer Michael J. Fry, supported by an executive management team responsible for operations, credit administration and risk management. With a focus on sustainable unit-level profitability and disciplined credit practices, America’s Car-Mart seeks to deliver consistent earnings and long-term growth by addressing the transportation needs of underserved consumer segments.
