Car-Mart Executive's Stock Sale Signals Continued Stake Despite Minor Reduction

Rhea-AI Filing Summary

America's Car Mart Chief Accounting Officer Vickie D. Judy reported a disposition of shares on June 24, 2025. The insider executed a Form 4 filing disclosing the following transaction:

• Disposed of 318 shares of Common Stock at $55.50 per share through a tax withholding transaction (Code F)
• Following the transaction, the insider holds 32,217.9212 shares directly
• This includes 2,562.9212 shares held under the company's Employee Stock Purchase Plan

The transaction appears to be a routine withholding of shares for tax purposes rather than an open market sale. The filing was signed by Courtney C. Crouch, III, via Power of Attorney on June 26, 2025.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Judy Vickie D.

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	318	$55.50	$18K

Holdings After Transaction: Common Stock — 32,217.921 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Judy Vickie D.

(Last) (First) (Middle)

C/O AMERICA'S CAR-MART, INC.

1805 N. 2ND STREET, SUITE 401

(Street)

ROGERS AR 72756

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERICAS CARMART INC [ CRMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/24/2025		F		318	D	$55.5	32,217.9212(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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

	/s/ Courtney C. Crouch, III, Pursuant to a Power of Attorney	06/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many shares of CRMT stock did Vickie Judy dispose of on June 24, 2025?

According to the Form 4 filing, Vickie Judy, CRMT's Chief Accounting Officer, disposed of 318 shares of common stock on June 24, 2025, at a price of $55.50 per share through a code 'F' transaction (payment of exercise price or tax liability using securities).

How many shares of CRMT does Vickie Judy own after the June 24, 2025 transaction?

After the reported transaction, Vickie Judy beneficially owned 32,217.9212 shares of CRMT common stock directly. This includes 2,562.9212 shares held under the America's Car-Mart, Inc. Employee Stock Purchase Plan.

What is Vickie Judy's position at CRMT?

Vickie Judy serves as the Chief Accounting Officer at America's Car-Mart, Inc. (CRMT), as indicated in the Form 4 filing under the relationship section.

What type of transaction did CRMT's CAO execute in the Form 4 filing?

The Form 4 filing shows a code 'F' transaction, which typically indicates a disposition of shares to satisfy tax withholding obligations or payment of an exercise price. The transaction involved 318 shares at $55.50 per share on June 24, 2025.