America's CAR-MART Inc

In a Stage 4 decline, CRMT remains in a clear sequence of lower highs and lower lows under down-sloping EMAs, with volume favoring sellers. A late-June Bearish Exhaustion candle signals short-term fatigue but no structural repair, leaving the medium-term bias firmly bearish. Price is currently retracing into the declining 9EMA/21EMA zone, offering a tactical sell opportunity. Execution should be deferred (Trim) pending rejection at these moving-average resistance levels.

• ↑Steady demand in niche market underpins long‐term outlook
• ↑Dealerships reduced from 154 to 94 to enhance productivity
• ↓Ongoing liquidity issues require new financing to sustain volumes