AMERICAS CARMART INC

Except as set forth below, there have been no material changes to the Company’s risk factors as previously disclosed in Item 1A to Part I of the Company’s Form 10-K for the fiscal year ended April 30, 2024.

The coming maturity of the Company’s revolving line of credit in September 2025 could adversely affect our business.

The Company currently maintains a revolving line of credit with a group of lenders that permits the Company to borrow up to an aggregate of $320 million, which the Company has historically used to finance a portion of its finance receivables growth. Under the existing terms of the loan and security agreement, as amended, for the revolving credit facility, the facility is scheduled to mature in September 2025. The Company has initiated discussions with the lending group to begin the process for the extension of the revolver, and the Company expects that it will reach agreement on an extension given the Company’s strong relationship with the lending group and the history of prior extensions of the credit facility. However, if the Company is unable to secure an extension of the revolving line of credit prior to its maturity date on terms that are acceptable to the Company, or at all, this could materially and adversely affect our ability to achieve our planned growth and operating results. Our ability to extend the revolver will depend upon market conditions, our financial condition and the willingness of financing sources to make capital available to us at acceptable rates and terms. The inability to extend the revolving line of credit at acceptable rates and terms could restrict or limit our ability to achieve our growth objectives, which could adversely affect our financial condition and results of operations and would require us to rely on other sources of financing, such as additional asset-backed term securitizations, warehouse loan agreements or a new revolving line of credit with other lenders. We cannot assure that we would be able to secure such other sources of financing at acceptable rates and terms to the Company or at all.