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EXHIBIT 99.1 America's Car - Mart Reports Diluted Earnings per Share of $ 3.57 on Record Revenues of $ 280 Million ROGERS , Ark . , Aug. 17 , 2021 ( GLOBE NEWSWIRE ) -- America's Car - Mart , Inc. ( NASDAQ : CRMT ) today announced its operating results for the first quarter of fiscal year 2022 . " We continue to make foundational investments to our business model , and as expected , we are experiencing an increasing capacity to serve more customers at the highest levels . We ended the quarter with over 91,100 active customers , an increase of over 3 % since the beginning of the fiscal year . For over 40 years , our customers ' lives have been better as part of the Car - Mart family , and we have an obligation to serve an ever - increasing customer base as we move forward . We have a unique place in the markets we serve as our customers rely on us to keep them on the road and give them peace of mind with local transportation needs . We believe that the significant investments we are making in the areas of Recruiting , Training and Retention , Inventory Procurement / Management , Customer Experience and Digital / Information Technology are already having positive effects and will allow us to continue to improve , grow and leverage our strengths , ' said Jeff Williams , President and CEO . “ Our balance sheet has allowed us to take advantage of challenging market conditions and has allowed us to demonstrate how nimble we can be in this dynamic , quickly changing industry . We continue to transition from a collections - focused company to a sales company that is very good at collections , and our associates have embraced this shift and are enthusiastic about the opportunities for our company and for them individually . The past 18 months has been difficult , but the resiliency and strength of our 2,000+ associates and their dedication to our Mission , Vision and Values has been inspirational . Our success is the direct result of their passion for the purpose in our daily work . " " We ended the quarter with an average of 604 customers per dealership ( up from 583 at April 30 , 2021 ) . As we have stated , we believe that most of our dealerships can support 1,000 or more customers at some point in the future . We have significant opportunities for growth by increasing customer count at our existing locations and we will continue to push for market share gains . In addition , we will continue to open new dealerships and look for acquisition opportunities in markets that align with our business . The infrastructure investments we are making are critically important to our growth plans as our high touch business model is focused on the customer experience journey , with the primary objective of keeping our customers on the road , ” added Mr. Williams . " After the end of the quarter , we reached an agreement to purchase the retail finance operations of The Carman L.L.C. from Jake Haller in El Reno , Oklahoma . Jake has had a retail business for twenty years and has also been a vehicle vendor for Car - Mart and is currently one of our best preferred vendors . We are excited about this transaction which will provide us a new dealership and allow Jake to focus his talents on supplying us quality vehicles . Additionally , our new dealership in Norman , Oklahoma is nearing completion and we expect an opening during our second quarter . " " Revenue increases were driven by a 20.4 % increase in the average retail sales price and a 25.0 % increase in units sold . Unit sales volume productivity increased 22.6 % from the first quarter of 2021 and 16 % from the first quarter of fiscal 2020. We made an additional investment in inventory to support the increase in retail units sold as we transition our focus on sales while continuing our history of collecting well . The increase in the average retail sales price put pressure on the overall gross profit percentage as our gross profit percentage generally decreases as the retail sales price increases in our pricing model . The total gross profit dollars per retail unit sold increased 10.7 % , " said Vickie Judy , Chief Financial Officer . " The increases in the average retail sales price have necessitated longer terms resulting in a reduction in collections as a percent of average finance receivables in line with the term increase . Our portfolio continues to perform well with net charge - offs for the quarter , as a percentage of average finance receivables , at 4.3 % compared to 4.8 % in the prior year quarter . While we continue to invest and improve our infrastructure , we were able to leverage selling , general and administrative expenses , which equaled 15.7 % of sales in the current year quarter compared to 17.7 % in the prior year quarter . " " Our debt , net of cash , to finance receivables is 30.2 % , compared to 25.4 % at the end of the first quarter of fiscal 2021 and 28.0 % at the end of first quarter of fiscal 2020. During the quarter , we added $ 80.9 million in receivables , increased inventory by $ 14.8 million , repurchased $ 11.6 million of our common stock , and funded $ 1.7 million in capital expenditures , a total of $ 109.0 million , with only a $ 46.1 million increase in debt , net of cash . We repurchased 81,742 shares of our common stock during the quarter at an average price of approximately $ 142 , ” added Ms. Judy . Conference Call Management will be holding a conference call on Wednesday , August 18 , 2021 at 11:00 a.m. Eastern Time to discuss quarterly results . A live audio of the conference call will be accessible to the public by calling ( 877 ) 776-4031 . International callers dial ( 631 ) 291-4132 . Callers should dial in approximately 10 minutes before the call begins . A conference call replay will be available two hours following the call for thirty days and can be accessed by calling ( 855 ) 859- 2056 ( domestic ) or ( 404 ) 537-3406 ( international ) , conference call ID # 9489631 . About America's Car - Mart America's Car - Mart , Inc. operates automotive dealerships in twelve states and is one of the largest publicly held automotive retailers in the United States focused exclusively on the " Integrated Auto Sales and Finance " segment of the used car market . The Company emphasizes superior customer service and the building of strong personal relationships with its customers . The Company operates its dealerships primarily in smaller cities throughout the South - Central United States selling quality used vehicles and providing financing for substantially all of its customers . For more information about America's Car - Mart , including investor presentations , please visit our website at www.car-mart.com . This press release contains " forward - looking statements " within the meaning of the Private Securities Litigation Reform Act of 1995. These forward - looking statements address the Company's future objectives , plans and goals , as well as the Company's intent , beliefs and current expectations regarding future operating performance and can generally be identified by words such as “ may , ” “ will , ” “ should , ” “ could , ” “ believe , ” “ expect , ” “ anticipate , ” “ intend , ” “ plan , ” “ foresee , " and other similar words or phrases . Specific events addressed by these forward - looking statements may include , but are not limited to : • new dealership openings ; • performance of new dealerships ; • same dealership revenue growth ; • future revenue growth ; • receivables growth as related to revenue growth ; • customer growth ; • gross profit per retail unit sold ;