Car-Mart is an American company that specializes in selling used cars and providing financing for customers with less-than-perfect credit. The company was founded in 1981 by two Arkansas businessmen, William D. Henderson and his brother-in-law, James W. Luck. Henderson and Luck started the company with just $5,000 and a single used car lot in Hot Springs, Arkansas.
Today, Car-Mart is one of the largest used car dealerships in the United States, with over 130 locations in 11 states. The company is still owned and operated by the Henderson family, with William D. Henderson's son, Jeffrey, serving as the current CEO.
Car-Mart is a publicly-traded company, with its shares traded on the Nasdaq stock exchange under the ticker symbol CRMT. As of February 2021, the company had a market capitalization of $917 million.