美国汽车行 2026年季度报告

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended January31, 2026 Or Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and Large accelerated filerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging growth company  If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Title of Each Class TABLE OF CONTENTS FINANCIAL INFORMATION Item 1.Financial Statements4Condensed Consolidated Balance Sheets (Unaudited) –January31, 2026 andApril30, 20254Condensed Consolidated Statements of Operations (Unaudited) – Three andNine Months Ended January31, 2026 and 20255Condensed Consolidated Statements of Cash Flows (Unaudited) –Nine Months Ended January 31, 2026and 20256Condensed Consolidated Statements of Equity (Unaudited) – Three andNine Months Ended January 31,20267Condensed Consolidated Statements of Equity (Unaudited) – Three andNine Months Ended January 31,20258Notes to Consolidated Financial Statements (Unaudited)9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations36Item 3.Quantitative and Qualitative Disclosures about Market Risk49Item 4.Controls and Procedures49 PART II. Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosureItem 5.Other InformationItem 6.Exhibits Condensed Consolidated Statements of Cash Flows (Unaudited)Nine Months Ended January31, 2026 and 2025 Table of Contents Notes to Consolidated Financial Statements (Unaudited) A–Organization and Business America’s Car-Mart, Inc., a Texas corporation (the “Company”), is one of the largest publicly held automotive retailers in the UnitedStates focused exclusively on the “Integrated Auto Sales and Finance” segment of the used car market. References to the Company typicallyinclude the Company’s consolidated subsidiaries. The Company’s operations are principally conducted through its two operating subsidiaries,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. Many of the B–Summary of Significant Accounting Policies General The accompanying condensed consolidated balance sheet as of April30, 2025, which has been derived from audited financialstatements, and the unaudited interim condensed financial statements as of January31, 2026 and 2025, have been prepared in accordance withgenerally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 10of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally acceptedin the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal Principles of Consolidation The condensed consolidated financial statements include the accounts of America’s Car-Mart, Inc. and its subsidiaries. Allintercompany accounts and transactions have been eliminated. Segment Information The Company operates in a single reportable segment which represents our core business of offering integrated automotive sales andfinancing solutions for customers with limited financial resources regardless of credit history. For more information regarding one reportable Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America(GAAP) requires management to make estimates and assumptions that affect the reporte