Get notified when CRMT files again. Create a free account and we'll email you the moment its next filing is analyzed.

Get filing alerts

Critical incident detected

Existential event

Time-sensitive event — see the red-flag panel below for the source-quoted detail.

Red Flags Detected

  • Covenant Violation (new) — Company violated minimum liquidity and collateral coverage covenants and expects continued violations
  • Going Concern (new) — Company anticipates receiving qualified audit opinion for fiscal year ended April 30, 2026
  • Debt Default (new) — Multiple events of default under credit agreement including covenant and reporting failures
  • Departure Of Cfo (new) — CFO Jonathan Collins resigning effective July 31, 2026
NASDAQ: CRMT AMERICAS CARMART INC 8-K

America's Car-Mart violates debt covenants, pays $18M for waiver while pursuing sale

Filed June 25, 2026 · Period ending June 19, 2026 · ~2 min read

Key Changes

  • high

    Company violated liquidity and collateral coverage covenants, expects qualified audit opinion; lenders granted temporary waiver through Sept 7 (potentially Nov 6) requiring $18M in fees and formal sale/restructuring process

    Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
  • high

    Must maintain $7M liquidity every Friday ($5M other days) and 1.20x-1.25x collateral coverage during waiver period; permanent waiver contingent on meeting milestones and regaining compliance

    Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
  • high

    CFO Jonathan Collins resigning July 31; Marie Persichetti (SVP Capital Markets since May 2025) appointed CFO effective Aug 1 with $425K salary plus $200K retention award

    Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

Read 3 full reports/month free No card required. Takes 30 seconds.

Want to see a complete report first? Today's free report (FNGR 10-Q) is open in full — no account needed.

Partner

Trade CRMT commission-free

Open an account, get a free stock.

Sign up

Investing involves risk. Free stock terms apply.

Was this report useful?
View original filing on SEC.gov

Source-verified from EDGAR · Narrative written by AI · Jul 17, 2026 · How we verify