Material Agreement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

First Amendment and Limited Waiver

On June 19, 2026, America's Car-Mart, Inc. (the "Company") entered into the First Amendment and Limited Waiver to Credit and Guaranty Agreement (the "Amendment") with Silver Point Finance, LLC, as Administrative Agent and Collateral Agent (the "Agent"), and the lenders party thereto (collectively, the "Lenders"), amending and providing certain limited waivers under the Credit and Guaranty Agreement dated as of October 30, 2025 (the "Credit Agreement").

Specified Defaults and Limited Waiver

Pursuant to the Amendment, the Lenders have agreed to waive, for the period from the effective date of the Amendment through the Specified Period Termination Date (as defined below, the "Specified Period"), the following anticipated or existing events of default under the Credit Agreement (collectively, the "Specified Defaults"):

(i) the failure and expected failure to satisfy the minimum liquidity financial covenant in Section 6.15(a);

(ii) the failure and expected failure to satisfy the minimum Collateral Coverage Ratio financial covenant in Section 6.15(b);

(iii) the expected failure to deliver an unqualified report of independent certified public accountants with respect to the audited financial statements of the Company for the fiscal year ended April 30, 2026, pursuant to Section 5.1(c);

(iv) the failure and expected failure to comply with the additional reporting covenants in Section 5.1(k) (borrowing base reports) and Section 5.1(l) (liquidity reports); and

(v) any event of default resulting from the failure to notify the Agent or the Lenders of any of the foregoing.

Specified Period and Termination

The Specified Period commences on the effective date of the Amendment and terminates on the Specified Period Termination Date, which is the earliest to occur of: (i) the Scheduled Termination Date; (ii) the occurrence of any event of default other than a Specified Default; (iii) any breach of the conditions or agreements in the Amendment following expiration of applicable grace or notice periods; or (iv) failure to satisfy any milestone set forth in the milestone schedule attached to the Amendment. The Scheduled Termination Date is September 7, 2026, subject to automatic extensions to either September 21, 2026 or November 6, 2026 in certain circumstances as set forth in the Amendment.

If, as of the Scheduled Termination Date, the Specified Period Termination Date has not already occurred and the Credit Parties have satisfied all milestones, are in compliance with the minimum liquidity and Collateral Coverage Ratio covenants, are in compliance with all of the conditions and agreements provided in the Amendment and no other event of default is continuing, the limited waiver will convert into a permanent waiver of the Specified Defaults.