Sec Form 4 Filing - Peterson Adam K @ AMERICAS CARMART INC - 2023-07-18

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Peterson Adam K 2. Issuer Name and Ticker or Trading Symbol AMERICAS CARMART INC [ CRMT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1601 DODGE STREET, SUITE 3300, 3. Date of Earliest Transaction (MM/DD/YY) 07/18/2023 (Street) OMAHA, NE68102 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 07/18/2023 S( 3 ) 10 D $ 123.82 701,939 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 2 D $ 123.72 701,937 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 100 D $ 120.39 701,837 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 100 D $ 118 701,737 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 896 D $ 120 700,841 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 50 D $ 118.42 700,791 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 10 D $ 124.05 700,781 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 2,000 D $ 118.5 698,781 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 419 D $ 120 698,362 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 100 D $ 118.2 698,262 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 650 D $ 118.7 697,612 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 1 D $ 118.35 697,611 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 1 D $ 118.71 697,610 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 100 D $ 123.6 697,510 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 50 D $ 118.51 697,460 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 11 D $ 120 697,449 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 33 D $ 124.48 697,416 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 16 D $ 120.37 697,400 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 45 D $ 124.05 697,355 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 5 D $ 118.35 697,350 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 30 D $ 120 697,320 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 14 D $ 124.05 697,306 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 2,000 D $ 120 695,306 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 916 D $ 118.2 694,390 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 1 D $ 120 694,389 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 15 D $ 120.37 694,374 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 100 D $ 123.6 694,274 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 85 D $ 120 694,189 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 100 D $ 118.5 694,089 ( 1 ) ( 2 ) D Common Stock 07/18/2023 S( 3 ) 33 D $ 124.52 694,056 ( 1 ) ( 2 ) D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Peterson Adam K 1601 DODGE STREET, SUITE 3300 OMAHA, NE68102 X MAGNOLIA CAPITAL FUND, LP 1601 DODGE STREET, SUITE 3300 OMAHA, NE68102 X MAGNOLIA GROUP, LLC 1601 DODGE STREET SUITE 3300 OMAHA, NE68102 X Signatures Adam K. Peterson 07/20/2023 Signature of Reporting Person Date Adam K. Peterson on behalf of the Magnolia Capital Fund, LP by its General Partner, The Magnolia Group, LLC 07/20/2023 Signature of Reporting Person Date Adam K. Peterson, managing member on behalf of The Magnolia Group, LLC 07/20/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reported shares are directly owned by Adam K. Peterson ("Mr. Peterson") and the Magnolia Capital Fund ("MCF"), of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Mr. Peterson is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of the shares reported herein. Mr. Peterson serves as a director of the Issuer. ( 2 )TMG and Mr. Peterson disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes. ( 3 )The reporting persons' sale of CRMT common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 384 shares, with the reporting persons' purchase of 384 shares of CRMT common stock at a price of $79.50 per share on May 24, 2023. The reporting persons have paid $17,241.60 to CRMT, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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