CRMT

Represents shares withheld by the issuer to satisfy the reporting person's tax obligation in connection with the vesting of a previously reported award of restricted stock.

Represents an award of stock options which will vest in four equal annual installments beginning on June 3, 2027.

Represents an award of stock options which will vest in four equal annual installments beginning on June 3, 2027.

Represents an award of stock options which will vest in four equal annual installments beginning on June 3, 2027.

Represents an award of stock options which will vest in four equal annual installments beginning on June 3, 2027.

Includes 3,230.9902 shares held by the reporting person under the America's Car-Mart, Inc. Employee Stock Purchase Plan, of which 668.0691 shares were acquired since May 22, 2025.

Represents an award of restricted stock which will vest in its entirety on May 1, 2027.

Includes 2,014 shares held by the reporting person under the America's Car-Mart, Inc. Employee Stock Purchase Plan.

Represents an award of restricted stock which will vest in its entirety on May 1, 2027.

Represents an award of restricted stock which will vest in its entirety on May 1, 2027.

Represents an award of restricted stock which will vest in its entirety on May 1, 2027.

Represents an award of restricted stock which will vest in its entirety on May 1, 2027.

Represents an award of restricted stock which will vest in its entirety on May 1, 2027.

Represents an award of restricted stock which will vest in its entirety on May 1, 2027.

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr.Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

In satisfaction of certain withdrawal requests, MCF distributed in-kind a total of 132,815 shares of the Issuer's Common Stock to the withdrawing limited partners on April 20, 2026. As a result of the distribution, MCF is no longer deemed beneficial owner of such distributed shares and, accordingly, the number of shares reported by MCF decreased by 132,815 (with a corresponding decrease in the number of shares beneficially owned by TMG, as the general partner of MCF, and Mr. Peterson, as the managing member of TMG).

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr.Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

Represents an award of restricted stock which will vest in two installments of 620 shares on January 16, 2029 and 621 shares on January 16, 2031, respectively.

Includes 3,230.9902 shares held by the reporting person under the America's Car-Mart, Inc. Employee Stock Purchase Plan.

Represents shares withheld by the issuer to satisfy the reporting person's tax obligation in connection with the vesting of a previously reported award of restricted stock.

Represents shares withheld by the issuer to satisfy the reporting person's tax obligation in connection with the vesting of a previously reported award of restricted stock.

Represents an award of restricted stock which will vest in its entirety on May 1, 2026.

Represents an award of restricted stock which will vest in three equal annual installments beginning on September 17, 2026.

Represents an award of stock options which will vest in five equal annual installments beginning on September 17, 2026.

In satisfaction of a partial withdrawal request, MCF distributed in-kind to three limited partners a total of 167,404 shares of the Issuer's Common Stock on July 15, 2025. As a result of the distribution, MCF is no longer deemed beneficial owner of such distributed shares and, accordingly, the number of shares reported by MCF decreased by 167,404 (with a corresponding decrease in the number of shares beneficially owned by TMG, as the general partner of MCF, and Mr. Peterson, as the managing member of TMG).

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr.Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

Includes 2,562.9212 shares held by the reporting person under the America's Car-Mart, Inc. Employee Stock Purchase Plan.

This transaction was executed in multiple trades at prices ranging from $56.10 to $56.55. The price reported above reflects the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr.Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

This transaction was executed in multiple trades at prices ranging from $57.15 to $58.04. The price reported above reflects the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr.Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

This transaction was executed in multiple trades at prices ranging from $55.21 to $55.95. The price reported above reflects the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr.Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

This transaction was executed in multiple trades at prices ranging from $55.37 to $56.15. The price reported above reflects the weighted-average sale price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

The reported shares are directly owned by Magnolia Capital Fund, LP ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr.Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein.

TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

Represents an award of stock options which will vest in in five equal annual installments beginning on June 5, 2026.

Represents an award of restricted stock which will vest in three equal annual installments beginning on June 5, 2026.

Represents an award of restricted stock which will vest in three equal annual installments beginning on May 22, 2026.

Includes 2,562.9212 shares held by the reporting person under the America's Car-Mart, Inc. Employee Stock Purchase Plan, of which 461.6595 shares were acquired since July 16, 2024.

Represents an award of restricted stock which will vest in its entirety on May 1, 2026.

Represents an additional stock option awarded at the reporting person's election in lieu of an annual cash director retainer.

Represents an award of restricted stock which will vest in its entirety on May 1, 2026.

Represents an award of restricted stock which will vest in its entirety on May 1, 2026.

Includes 2,014 shares held by the reporting person under the America's Car-Mart, Inc. Employee Stock Purchase Plan.

Represents an award of restricted stock which will vest in its entirety on May 1, 2026.

The price reported in this box is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $42.77 to $42.99, inclusive. The reporting person undertakes to provide to America's Car-Mart, Inc., any security holder of America's Car-Mart, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (3) to this Form 4.

Reflects shares held by funds and accounts managed by Nantahala Capital Management, LLC, of which the reporting person is a non-managing member, including shares held by limited partnerships, for which the reporting person is a limited partner and a non-managing member of the general partners. The reporting person disclaims beneficial ownership of the shares held in these accounts and by the limited partnerships, except to the extent of his pecuniary interest therein.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $43.49 to $44.00, inclusive

Reflects shares held by funds and accounts managed by Nantahala Capital Management, LLC, of which the reporting person is a non-managing member, including shares held by limited partnerships, for which the reporting person is a limited partner and a non-managing member of the general partners. The reporting person disclaims beneficial ownership of the shares held in these accounts and by the limited partnerships, except to the extent of his pecuniary interest therein.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $41.52 to $41.67, inclusive.

The reporting person is the managing member of the general partner of the partnership that owns the securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $42.05 to $42.86, inclusive. The reporting person undertakes to provide to America's Car-Mart, Inc., any security holder of America's Car-Mart, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (3) to this Form 4.

The reporting person is the managing member of the general partner of the partnership that owns the securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Reflects shares held by funds and accounts managed by Nantahala Capital Management, LLC, of which the reporting person is a non-managing member, including shares held by limited partnerships, for which the reporting person is a limited partner and a non-managing member of the general partners. The reporting person disclaims beneficial ownership of the shares held in these accounts and by the limited partnerships, except to the extent of his pecuniary interest therein.

Represents an award of restricted stock which will vest in two equal installments on December 31, 2027 and December 31, 2029.