NEW YORK–(BUSINESS WIRE)–The law firm of Kirby McInerney LLP reminds investors its investigation on behalf of Car-Mart, Inc. (“Car-Mart” or the “Company”) (NASDAQ:CRMT) investors concerning the Company’s possible violation of the federal securities laws or other unlawful business practices.
[LEARN MORE ABOUT THE INVESTIGATION]
What Happened?
On July 15, 2025, Car-Mart disclosed it would delay filing its annual report because “management identified the need to enhance disclosures related to loan modifications for borrowers experiencing financial difficulty.” On this news, the price of Car-Mart shares declined by $3.12 per share, or approximately 5.17%, from $60.38 per share on July 14, 2025 to close at $57.26 on July 15, 2025.
Then, on July 30, 2025, the Company disclosed that it had “concluded that certain previously issued financial statements should no longer be relied upon,” due to omissions in the “disclosure related to loan modifications made to borrowers experiencing financial difficulty” including the “qualitative and quantitative information about the types of modifications utilized by the Company,” “the financial effect of the modification by type of modification,” and “receivable performance in the 12 months after a modification.” On this news, the price of Car-Mart shares declined by $3.70 per share, or approximately 7.51%, from $49.27 per share on July 29, 2025 to close at $45.57 on July 30, 2025.
Finally, on September 4, 2025, Car-Mart released its first quarter fiscal 2025 financial results, revealing that “sales volumes declined 5.7% to 13,568 units compared to 14,391 in the prior year,” which the Company attributed to “[prioritizing] booking the Company’s strongest-performing customer rankings” and “vehicle quality aimed at controlling repair costs downstream and selling to a better credit quality customer.” On this news, the price of Car-Mart shares declined by $8.14 per share, or approximately 18.23%, from $44.65 per share on September 3, 2025 to close at $36.51 on September 4, 2025.
What to Do Next?
If you acquired Car-Mart securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at [email protected], or fill out the contact form below to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1171
https://www.kmllp.com
[email protected]
