Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On December 31, 2020, America's Car-Mart, Inc. (the "Company") through its operating subsidiaries exercised an option under its existing credit agreement to increase its total revolving credit facilities by $85 million from $241 million to $326 million. The increase in the total revolving credit commitments is being made pursuant to an accordion feature of the Third Amended and Restated Loan and Security Agreement (the "Agreement"), dated as of September 30, 2019 and most recently amended on October 29, 2020, by and among the Company, its subsidiaries Colonial Auto Finance, Inc., America's Car Mart, Inc. and Texas Car-Mart, Inc, and a group of lenders. The accordion feature allows the Company to increase the total revolver commitments by up to $100 million (up to $341 million in total commitments) with the written consent of BMO Harris Bank N.A., as agent, and the consent of any lender having a new or increased commitment. In connection with this increase, MUFG Union Bank, N.A. joined the lending group as a new lender with a commitment of $50 million. The lending group now also includes BMO Harris Bank, N.A. ($71 million commitment), Wells Fargo Bank, N.A. ($50 million commitment, up from $30 million), BOKF, NA d/b/a BOK Financial ($50 million commitment), First Horizon Bank ($50 million commitment, up from $40 million), Arvest Bank ($30 million commitment), and Commerce Bank ($25 million commitment, up from $20 million).

In addition to the increased permitted borrowings, the Company designated BOKF, NA d/b/a BOK Financial and Wells Fargo Bank, N.A. as co-syndication agents and First Horizon Bank and MUFG Union Bank, N.A. as co-documentation agents under the Agreement. All other material terms of the Agreement remain in effect as previously disclosed by the Company.

Item 7.01. Regulation FD Disclosure.

On December 31, 2020, the Company issued a press release announcing an increase in its permitted borrowings under the Agreement and the addition of a new lender to the lending group. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

In accordance with General Instruction B.2., the information contained in Item 7.01 of this Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. The Company undertakes no obligation to update or revise this information.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1 Press release announcing new lender and expanded permitted


            borrowings

104 Cover Page Interactive Data File (embedded within the Inline XBRL


            document)

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