America's Car-Mart, Inc. ownership disclosure: Prescott Group Capital Management, L.L.C., related Prescott Small Cap funds and Phil Frohlich report beneficial ownership of 599,949 shares of common stock, representing approximately 7.2% of outstanding shares as of the reporting date.
The filing states the position first exceeded 5% on March 13, 2026 at 443,078 shares and was increased to 599,949 shares. The ownership is held through the Master Fund structure and voting/dispositive power is exercised by Prescott entities and Mr. Frohlich as described.
Positive
None.
Negative
None.
Insights
Reported passive stake rise to 7.2% via affiliated funds and manager.
The filing documents a 7.2% beneficial stake held through a Master Fund and affiliated limited partnerships, with Prescott Capital and Phil Frohlich able to direct voting and disposition. The schedule emphasizes collective reporting by related entities under a joint filing agreement.
Key dependencies include any future changes in stake size or disclosures of plans; subsequent filings would clarify intentions. Timing references: March 9, 2026 outstanding share base and March 13, 2026 threshold date.
Key Figures
Reported shares beneficially owned:599,949 sharesPercent of class:7.2%Shares outstanding used:8,302,450 shares+1 more
4 metrics
Reported shares beneficially owned599,949 sharesBeneficial ownership as of filing date
Percent of class7.2%Calculated using 8,302,450 shares outstanding as of March 9, 2026
Shares outstanding used8,302,450 sharesShares outstanding as of March 9, 2026 per issuer Form 10-Q
5% threshold date443,078 sharesPosition when first exceeded 5% on March 13, 2026
Key Terms
Beneficial owner, Joint Filing Agreement, Dispositive power
3 terms
Beneficial ownerregulatory
"Each of the Reporting Persons is the beneficial owner of 599,949 shares"
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.
Joint Filing Agreementregulatory
"Exhibit 99 - Joint Filing Agreement"
Dispositive powerregulatory
"Sole Dispositive Power 599,949.00"
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.
What stake does Prescott Group report in AMERICAS CARMART INC (CRMT)?
Prescott Group and affiliated funds report beneficial ownership of 599,949 shares, representing about 7.2% of AMERICAS CARMART INC common stock based on 8,302,450 shares outstanding as of March 9, 2026.
When did Prescott Group first exceed 5% ownership in CRMT?
They first exceeded the 5% threshold on March 13, 2026, at which time the Reporting Persons beneficially owned 443,078 shares of AMERICAS CARMART INC common stock.
How is the Prescott ownership held and who controls voting?
The shares are held in an account of the Master Fund; Prescott Capital serves as general partner and investment manager and Mr. Phil Frohlich may direct vote and disposition of the shares as disclosed in the filing.
What outstanding share count did the filing use to compute 7.2%?
The percent calculation divides 599,949 shares by 8,302,450 shares outstanding, with the outstanding share figure cited as of March 9, 2026 in the issuer's Form 10-Q.
Does the filing state any intent to change or influence control of the issuer?
The Reporting Persons certify the securities were not acquired or held for the purpose of changing or influencing control, and the statement appears in the signature block accompanying the Schedule 13G filing.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AMERICAS CARMART INC
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
03062T105
(CUSIP Number)
03/13/2026
(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
PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.
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
OKLAHOMA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
599,949.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
599,949.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
599,949.00
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)
7.2 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
03062T105
1
Names of Reporting Persons
PRESCOTT GROUP AGGRESSIVE SMALL CAP LP
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
OKLAHOMA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
599,949.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
599,949.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
599,949.00
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)
7.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
03062T105
1
Names of Reporting Persons
PRESCOTT GROUP AGGRESSIVE SMALL CAP II LP
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
OKLAHOMA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
599,949.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
599,949.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
599,949.00
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)
7.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
03062T105
1
Names of Reporting Persons
PRESCOTT GROUP AGGRESSIVE SMALL CAP MASTER FUND GP
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
OKLAHOMA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
599,949.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
599,949.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
599,949.00
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)
7.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
03062T105
1
Names of Reporting Persons
FROHLICH PHIL
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
599,949.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
599,949.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
599,949.00
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)
7.2 %
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, SUITE 401, ROGERS, ARKANSAS, 72756.
Item 2.
(a)
Name of person filing:
Prescott Group Capital Management, L.L.C. ("Prescott Capital"), Prescott Group Aggressive Small Cap, L.P. ("Prescott Small Cap"), Prescott Group Aggressive Small Cap II, L.P. ("Prescott Small Cap II" and, together with Prescott Small Cap, the "Small Cap Funds"), Prescott Group Aggressive Small Cap Master Fund, G.P. ("Master Fund") and Mr. Phil Frohlich (collectively, the "Reporting Persons").
(b)
Address or principal business office or, if none, residence:
1924 South Utica, Suite 1120
Tulsa, Oklahoma 74104
(c)
Citizenship:
Prescott Capital is an Oklahoma limited liability company. The Small Cap Funds are Oklahoma limited partnerships. The Master Fund is an Oklahoma general partnership. Mr. Phil Frohlich is the principal of Prescott Capital and is a U.S. citizen.
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP Number(s):
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:
Each of the Reporting Persons is the beneficial owner of 599,949 shares of Common Stock, par value $0.01 per share ("Common Stock") of America's Car-Mart, Inc. (the "Issuer") as of the date hereof. The Reporting Persons first exceeded 5% on March 13, 2026, at which time they beneficially owned 443,078 shares of Common Stock of the Issuer, and subsequently increased the position to 599,949 shares of Common Stock of the Issuer as of the date hereof.
Such shares of Common Stock of the Issuer are held in the account of the Master Fund, of which the Small Cap Funds are general partners. Prescott Capital serves as the general partner and investment manager of the Small Cap Funds and may direct the Small Cap Funds, the general partners of the Master Fund, to direct the vote and disposition of such shares of Common Stock. As the principal of Prescott Capital, Mr. Frohlich may direct the vote and disposition of such shares of Common Stock.
(b)
Percent of class:
Each of the Reporting Persons is the beneficial owner of approximately 7.2% of the outstanding shares of Common Stock of the Issuer as of the date hereof. This percentage is determined by dividing 599,949 by 8,302,450, the number of shares of Common Stock outstanding as of March 9, 2026, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on March 12, 2026.
The Reporting Persons first exceeded 5% on March 13, 2026, at which time they beneficially owned 443,078 shares of Common Stock of the Issuer, and subsequently increased the position to 599,949 shares of Common Stock of the Issuer as of the date hereof.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.
PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.
Signature:
/s/ Phil Frohlich
Name/Title:
Phil Frohlich, Managing Member
Date:
04/16/2026
PRESCOTT GROUP AGGRESSIVE SMALL CAP LP
Signature:
/s/ Phil Frohlich
Name/Title:
Phil Frohlich, Managing Member of Prescott Group Capital Management, L.L.C., its general partner
Date:
04/16/2026
PRESCOTT GROUP AGGRESSIVE SMALL CAP II LP
Signature:
/s/ Phil Frohlich
Name/Title:
Phil Frohlich, Managing Member of Prescott Group Capital Management, L.L.C., its general partner
Date:
04/16/2026
PRESCOTT GROUP AGGRESSIVE SMALL CAP MASTER FUND GP
Signature:
/s/ Phil Frohlich
Name/Title:
See Comments
Date:
04/16/2026
FROHLICH PHIL
Signature:
/s/ Phil Frohlich
Name/Title:
Phil Frohlich, Self
Date:
04/16/2026
Comments accompanying signature: Phil Frohlich, Managing Member of Prescott Group Capital Management, L.L.C., the general partner of Prescott Group Aggressive Small Cap II, L.P., and the general partner of Prescott Group Aggressive Small Cap, L.P.
