Law firms cited delayed and unreliable loan-modification disclosures and weak first-quarter results, including lower sales volumes and a wider per-share loss, after America’s Car-Mart shares fell sharply in 2025.
Glancy Prongay Wolke & Rotter LLP and Rosen Law Firm said they are investigating America’s Car-Mart, Inc. over potential securities claims after a series of 2025 disclosures and first-quarter results triggered steep share-price declines. Glancy cited the company’s July 15 delay of its annual report to enhance disclosures on loan modifications for borrowers experiencing financial difficulty, its July 30 statement that certain previously issued financial statements should no longer be relied upon because of omitted loan-modification disclosures, and its September 4 first-quarter fiscal 2025 report showing sales volumes down 5.7% to 13,568 units from 14,391 a year earlier. Rosen separately said it is preparing a class action tied to the September 4 drop, citing reports that the quarter included a loss of $0.69 per share versus a net loss of $0.15 per share a year earlier and an uptick in delinquencies. America’s Car-Mart shares fell 5.2% on July 15, 7.5% on July 30, and 18.2% on September 4, according to the law firms’ releases.