America's CAR-MART Inc

NASDAQ:CRMT

America's Car-Mart, Inc. engages in the sale of older model used vehicles and the provision of financing for its customers in the United States. The company is headquartered in Bentonville, Arkansas and currently employs 1,850 full-time employees. The firm operates in the integrated auto sales and finance segment of the used car market, also referred to as the integrated auto sales and finance industry. In this industry, the nature of the sale, the type of customer and the methods used to distribute the Company’s products and services, including the actual servicing of the contracts, as well as the regulatory environment in which the Company operates, all have similar characteristics. The firm operates through its two subsidiaries, including America’s Car Mart, Inc., an Arkansas corporation (Car-Mart of Arkansas) and Colonial Auto Finance, Inc., an Arkansas corporation (Colonial). The company primarily sells older model used vehicles and provides financing for substantially all of its customers. The firm operated 151 dealerships located primarily in small cities throughout the South-Central United States.