America's Car-Mart Issues Earnings Guidance for Fiscal 2005

BENTONVILLE, Ark., April 28 -- America's Car-Mart, Inc. announced today that it is targeting diluted earnings per share of $2.22 to $2.34 for its fiscal year ending April 30, 2005. The projected diluted earnings per share by fiscal quarter are as follows:

                                                            Projected
          Period                  Period Ending             Diluted EPS

        1st Quarter                  7-31-04            $   .57 to  .60

        2nd Quarter                 10-31-04                .53 to  .56

        3rd Quarter                  1-31-05                .49 to  .52

        4th Quarter                  4-30-05                .63 to  .66

        Fiscal 2005                  4-30-05            $  2.22 to 2.34

Commenting on the earnings guidance, T. J. ("Skip") Falgout, III, the Company's Chief Executive Officer, stated, "We are anticipating revenue growth of approximately 16-17% next year. The revenue growth for fiscal 2005 will come from a combination of growth in revenues from existing stores, plus the addition of eight new stores. We expect the new store growth to be principally in the states of Texas and Missouri."

About America's Car-Mart

America's Car-Mart operates 70 automotive dealerships in seven states and is the largest publicly held automotive retailer in the United States focused exclusively on the "Buy Here/Pay Here" segment of the used car market. The Company operates its dealerships primarily in small cities throughout the South-Central United States selling quality used vehicles and providing financing for substantially all of its customers. For more information on America's Car-Mart, please visit our website at www.car-mart.com .

Included herein are forward-looking statements, including statements with respect to projected earnings per share amounts and store openings. Such forward-looking statements are based upon management's current knowledge and assumptions. There are many factors that affect management's view about future earnings and store openings. These factors involve risks and uncertainties that could cause actual results to differ materially from management's present view. These factors include, without limitation, assumptions relating to unit sales, average selling prices, credit losses, gross margins, operating expenses, collection results, available real estate and economic conditions, and other risk factors described under "Forward- Looking Statements" of Item 1 of Part I of the Company's Annual Report on Form 10-K for the fiscal year ended April 30, 2003 and its current and quarterly reports filed with or furnished to the Securities and Exchange Commission. All forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company does not undertake any obligation to update forward-looking statements.