America’s Car-Mart (NASDAQ:CRMT) has established a special committee to oversee a review of strategic alternatives. The company also appointed Adam Paul as an independent director and named him chair of the new committee.
According to a recent SEC filing, the board retained Houlihan Lokey Capital as financial advisor to evaluate options such as financing, recapitalization, mergers and acquisitions.
Bond.az analysis suggests the stock may be undervalued. The company maintains liquid assets exceeding short-term obligations. For investors, 13 exclusive tips on CRMT are available.
On May 22, the board increased its size from nine to ten members and appointed Adam Paul, president of AP Advisors, as an independent director effective immediately. Mr. Paul brings over 25 years of experience advising companies on capital structure.
Under the Independent Director Agreement, monthly cash payments of $45,000 are provided. The special committee, chaired by Mr. Paul, includes directors Joshua Welch and Jonathan Buba. Its mandate covers financing, refinancing, and asset sales.
In other recent news, America’s Car-Mart reported disappointing Q3 fiscal 2026 results. EPS was negative $1.53, well below the forecasted negative $0.23. Revenue dropped 12% to $286.7 million. Jefferies lowered its price target from $29 to $14.
