Askeladden exits Americas Car-Mart stake, reports 0% holding

Askeladden Capital Management LLC and Samir Patel report that they no longer beneficially own any shares of Americas Car-Mart Inc common stock.

Rhea-AI Filing Summary

Askeladden Capital Management LLC and Samir Patel report that they no longer beneficially own any shares of Americas Car-Mart Inc common stock. The cover pages show 0 shares beneficially owned and 0.0% of the class, with no sole or shared voting or dispositive power.

The filing states that Askeladden’s separately managed accounts are the record owners of any securities previously covered, and that Askeladden and Mr. Patel may have been deemed beneficial owners as investment adviser and member, respectively. They also note that ownership is now 5 percent or less of the class, based on 8,302,450 shares outstanding as of March 9, 2026.

Key Figures

Beneficial ownership: 0 shares Ownership percentage: 0.0% Shares outstanding: 8,302,450 shares +2 more

5 metrics

Beneficial ownership 0 shares Shares of Americas Car-Mart Inc common stock beneficially owned by each reporting person

Ownership percentage 0.0% Percent of Americas Car-Mart Inc common stock class beneficially owned

Shares outstanding 8,302,450 shares Common stock outstanding as of March 9, 2026, per issuer’s Form 10-Q

Ownership threshold 5 percent or less Filers report ownership of 5 percent or less of the class

Signature date 08/07/2026 Date Samir Patel signed as Managing Member on behalf of reporting persons

Key Terms

beneficial owner, dispositive power, separately managed accounts, Section 13(d) or 13(g), +1 more

5 terms

beneficial owner regulatory

"neither the filing of this statement nor anything herein shall be construed as an admission that such person is ... the beneficial owner"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

dispositive power financial

"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 0.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

separately managed accounts financial

"The separately managed accounts on behalf of investment advisory clients ("Managed Accounts") of Askeladden"

A separately managed account is an investment portfolio owned by a single investor but professionally managed to that investor’s specific goals and preferences, rather than pooled with other clients’ money. It matters to investors because it offers greater customization, tax control and transparency—like hiring a personal chef instead of eating from a shared buffet—though it often requires higher minimums and can have different fee and liquidity implications.

Section 13(d) or 13(g) regulatory

"for the purposes of Section 13(d) or 13(g) of the Act or any other purpose"

percent of class financial

"Percent of class: The percentage calculated in Item 11 is based on 8,302,450 shares"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Schedule 13G/A filing reveal about Askeladden’s position in CRMT?

The Schedule 13G/A shows Askeladden Capital Management LLC and Samir Patel now report 0 shares and 0.0% beneficial ownership of Americas Car-Mart Inc common stock, indicating they no longer hold a reportable stake.

How large is Americas Car-Mart Inc’s share base referenced in this 13G/A for CRMT?

The filing calculates ownership percentages using 8,302,450 shares of Americas Car-Mart Inc common stock outstanding as of March 9, 2026, as reported in the company’s Form 10-Q for the quarter ended January 31, 2026.

Who jointly filed this Schedule 13G/A related to CRMT?

The Schedule 13G/A is jointly filed by Askeladden Capital Management LLC, a Texas LLC, and Samir Patel. Askeladden advises separately managed accounts, and Mr. Patel is its member who may be deemed to beneficially own securities held by Askeladden.

What voting and dispositive power do the filers report over CRMT shares?

The filers report 0.00 sole voting power, 0.00 shared voting power, 0.00 sole dispositive power, and 0.00 shared dispositive power with respect to Americas Car-Mart Inc common stock, confirming no current control over any shares.

How do the filers in this CRMT 13G/A describe their group and beneficial ownership status?

They state the filing should not be construed as an admission of being a beneficial owner or a member of any group under Section 13(d) or 13(g), despite potentially being deemed such due to advisory and ownership relationships.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/07/2026 - 04:59 PM Accepted by SEC EDGAR 08/07/2026 - 04:59 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

AMERICAS CARMART INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

03062T105

(CUSIP Number)

04/08/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 03062T105

1

Names of Reporting Persons

ASKELADDEN CAPITAL MANAGEMENT LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP Number(s): 03062T105

1

Names of Reporting Persons

Samir Patel

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: AMERICAS CARMART INC
(b)	Address of issuer's principal executive offices: 1805 NORTH 2ND STREET, 1805 NORTH 2ND STREET, ROGERS, ARKANSAS, 72756.
Item 2.
(a)	Name of person filing: This statement is being jointly filed by and on behalf of each of Askeladden Capital Management, LLC, a Texas limited liability company ('Askeladden') and Samir Patel. The separately managed accounts on behalf of investment advisory clients ("Managed Accounts") of Askeladden are the record and direct beneficial owners of the securities covered by this statement. As the investment adviser to the Managed Accounts, Askeladden may be deemed to beneficially own the securities covered by this statement. Mr. Patel is the Member of, and may be deemed to beneficially own securities owned by, Askeladden. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Actor any other purpose, the beneficial owner of any securities covered by this statement. Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any group with respect to the issuer or any securities of the issuer.
(b)	Address or principal business office or, if none, residence: 201 East Front Street,Mount Horeb, Wisconsin 53572, USA
(c)	Citizenship: See Item 4 on the cover page(s) hereto.
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 03062T105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Item 9 on the cover page(s) hereto.
(b)	Percent of class: The percentage calculated in Item 11 is based on 8,302,450 shares of Common Stock outstanding as of March 9, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended January 31, 2026 and as filed with the SEC on March 12, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

ASKELADDEN CAPITAL MANAGEMENT LLC

Signature:	/s/ Samir Patel
Name/Title:	Managing Member
Date:	08/07/2026

Samir Patel

Signature:	/s/ Samir Patel
Name/Title:	Managing Member
Date:	08/07/2026