Magnolia Capital Fund, Lp - Dec 20, 2022 Form 3 Insider Report for AMERICAS CARMART INC (CRMT)

Role: 10%+ Owner
Signature: /s/ Adam K. Peterson on behalf of the Magnolia Capital Fund, LP by its General Partner, The Magnolia Group, LLC
Stock symbol: CRMT
Transactions as of: Dec 20, 2022
Transactions value $: $0
Form type: 3
Date filed: 12/21/2022, 05:04 PM
Previous filing: Jun 15, 2022
Next filing: Aug 2, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CRMT	Common Stock						650K	Dec 20, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	All of the reported shares are directly owned by Magnolia Capital Fund, LP, of which The Magnolia Group, LLC ("TMG") is the general partner and investment manager. Adam K. Peterson ("Mr. Peterson") is the managing member of TMG. TMG and Mr. Peterson could both be deemed to share indirect beneficial ownership of 650,000 shares of Common Stock of America's Car-Mart, Inc.
F2	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.