X0202 SCHEDULE 13G 0001815572 XXXXXXXX LIVE Common Stock 04/08/2026 0000799850 AMERICAS CARMART INC 03062T105 1805 NORTH 2ND STREET SUITE 401 ROGERS AR 72756 Rule 13d-1(b) ASKELADDEN CAPITAL MANAGEMENT LLC b TX 0.00 438789.00 438789.00 0.00 438789.00 5.3 IA PN Samir Patel b X1 0.00 438789.00 0.00 438789.00 438789.00 5.3 IN HC AMERICAS CARMART INC 1805 NORTH 2ND STREET, SUITE 401, ROGERS, ARKANSAS, 72756 This statement is being jointly filed by and on behalf of each of Askeladden Capital Management, LLC, a Texas limited liability company ('Askeladden') and Samir Patel. The separately managed accounts on behalf of investment advisory clients ('Managed Accounts') of Askeladden are the record and direct beneficial owners of the securities covered by this statement. As the investment adviser to the Managed Accounts, Askeladden may be deemed to beneficially own the securities covered by this statement. Mr. Patel is the Member of, and may be deemed to beneficially own securities owned by, Askeladden. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Actor any other purpose, the beneficial owner of any securities covered by this statement. Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any group with respect to the issuer or any securities of the issuer. 1452 Hughes Road, Suite 200 #582 Grapevine, Texas 76051 See Item 4 on the cover page(s) hereto. N IA See Item 9 on the cover page(s) hereto. The percentage calculated in Item 11 is based on 8,302,450 shares of Common Stock outstanding as of March 9, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended January 31, 2026 and as filed with the SEC on March 12, 2026. See Item 5 on the cover page(s) hereto. See Item 6 on the cover page(s) hereto. See Item 7 on the cover page(s) hereto. See Item 8 on the cover page(s) hereto. Y N Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. ASKELADDEN CAPITAL MANAGEMENT LLC /s/ Samir Patel 05/15/2026 Samir Patel /s/ Samir Patel 05/15/2026