<SEC-DOCUMENT>0001171843-18-007007.txt : 20181016
<SEC-HEADER>0001171843-18-007007.hdr.sgml : 20181016
<ACCEPTANCE-DATETIME>20181016160936
ACCESSION NUMBER:		0001171843-18-007007
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20181016
DATE AS OF CHANGE:		20181016
EFFECTIVENESS DATE:		20181016

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAS CARMART INC
		CENTRAL INDEX KEY:			0000799850
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				630851141
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-227856
		FILM NUMBER:		181124553

	BUSINESS ADDRESS:	
		STREET 1:		802 SOUTHEAST PLAZA AVE.
		STREET 2:		SUITE 200
		CITY:			BENTONVILLE
		STATE:			AR
		ZIP:			72712
		BUSINESS PHONE:		(479) 464-9944

	MAIL ADDRESS:	
		STREET 1:		802 SOUTHEAST PLAZA AVE.
		STREET 2:		SUITE 200
		CITY:			BENTONVILLE
		STATE:			AR
		ZIP:			72712

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CROWN GROUP INC /TX/
		DATE OF NAME CHANGE:	19971022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CROWN CASINO CORP
		DATE OF NAME CHANGE:	19931104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SKYLINK AMERICA INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>s8_101618.htm
<DESCRIPTION>FORM S-8
<TEXT>
<html>
<head>
     <title></title>
</head>
<body style="font: 10pt Times New Roman, Times, Serif">

<p style="margin: 0">&#160;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">As filed with the Securities and Exchange Commission on October 16,
2018</p>

<p style="font-size: 10pt; text-align: right; margin: 0pt 0">Registration No. 333-______</p>

<p style="font-size: 10pt; margin: 0pt 0"></p>

<!-- Field: Rule-Page --><div align="center" style="margin-top: 3pt; margin-bottom: 3pt"><div style="font-size: 1pt; border-top: Black 3pt solid; width: 100%">&nbsp;</div></div><!-- Field: /Rule-Page -->

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="font-size: 12pt"><b>UNITED STATES SECURITIES AND EXCHANGE
COMMISSION</b></font><b> </b><br>
<b>WASHINGTON, D.C. 20549</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">____________________</p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>FORM S-8</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">____________________</p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="font-size: 16pt"><b>AMERICA&rsquo;S CAR-MART, INC.</b></font></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">(Exact name of registrant as specified in its charter)</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>&nbsp;</b></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-size: 10pt">
<tr style="vertical-align: top">
    <td style="width: 50%; text-align: center"><p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 10pt"><b>Texas</b></font><br> <font style="font-size: 10pt">(State or other jurisdiction of</font></p>
                                               <p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 10pt">incorporation or organization)</font></p></td>
    <td style="width: 50%; text-align: center"><p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 10pt"><b>63-0851141</b></font><br> <font style="font-size: 10pt">(IRS Employer</font></p>
                                               <p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 10pt">Identification Number)</font></p></td></tr>
</table>
<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>&nbsp;</b></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="width: 50%; font-size: 10pt; font-weight: bold; text-align: center">802 Southeast Plaza Avenue, Suite 200, Bentonville, AR</td><td style="width: 1%; font-size: 10pt; font-weight: bold">&nbsp;</td>
    <td style="width: 49%; font-size: 10pt; font-weight: bold; text-align: center">72712</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: center">(Address of Principal Executive Offices)</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">(Zip Code)</td></tr>
</table>


<p style="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">____________________</p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><font style="font-size: 12pt"><b>AMERICA&rsquo;S CAR-MART, INC.
AMENDED AND RESTATED STOCK OPTION PLAN</b></font></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">(Full title of the plan)</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">____________________</p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 10pt; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 46%">
        <p style="font-size: 10pt; text-align: center; margin: 0pt 24.5pt 0pt 0"><b>Vickie D. Judy<br>
        Chief Financial Officer<br>
        America&rsquo;s Car-Mart, Inc.<br>
        802 Southeast Plaza Avenue, Suite 200</b></p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 24.5pt 0pt 0"><b>Bentonville, Arkansas 72712</b></p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 24.5pt 0pt 0"><b>Telephone: (479) 464-9944</b></p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 24.5pt 0pt 0">(Name, address and telephone number,</p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 24.5pt 0pt 0">including area code,
        of agent for service)</p></td>
    <td style="width: 13%; font-size: 10pt; text-align: center">&nbsp;</td>
    <td style="width: 41%">
        <p style="font-size: 10pt; text-align: center; margin: 0pt 24.5pt 0pt 0">Copy to:</p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 24.5pt 0pt 0"><b>Courtney C. Crouch, III<br>
        Mitchell, Williams, Selig, Gates &amp;</b></p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 24.5pt 0pt 0"><b>Woodyard, P.L.L.C.<br>
        425 West Capitol Avenue, Suite 1800</b></p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 24.5pt 0pt 0"><b>Little Rock, Arkansas 72201</b></p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 24.5pt 0pt 0"><b>Telephone: (501) 688-8822</b></p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 24.5pt 0pt 0"><b>Facsimile: (501) 918-7822</b></p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 24.5pt 0pt 0"><b></b></p></td></tr>
</table>
<p style="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">____________________</p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 24.4pt 0pt 0; color: Red">&nbsp;</p>

<p style="font-size: 10pt; margin: 0pt 0">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of &ldquo;accelerated
filer,&rdquo; &ldquo;large accelerated filer,&rdquo; &ldquo;smaller reporting company&rdquo; and &ldquo;emerging growth company&rdquo;
in Rule 12b-2 of the Exchange Act. &nbsp;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 10pt; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 67%; font-size: 10pt"><font style="font-size: 10pt">Large accelerated filer&nbsp;&nbsp;<font style="font-family: Wingdings">&uml;</font></font></td>
    <td style="width: 33%; font-size: 10pt"><font style="font-size: 10pt">Accelerated filer&nbsp;&nbsp;<font style="font-family: Wingdings">&thorn;</font></font></td></tr>
<tr>
    <td style="vertical-align: top; font-size: 10pt"><font style="font-size: 10pt">Non-accelerated filer&nbsp;&nbsp;<font style="font-family: Wingdings">&uml;</font> (Do not check if a smaller reporting company)</font></td>
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">Smaller reporting company <font style="font-family: Wingdings">&uml;</font></p>
        <p style="font-size: 10pt; margin: 0pt 0">Emerging growth company&nbsp;&nbsp;<font style="font-family: Wingdings">&uml;</font></p></td></tr>
</table>
<p style="font-size: 10pt; margin: 0pt 0">If an emerging growth company, indicate by check mark if the registrant has elected not
to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
Section 7(a)(2)(B) of the Securities Act. <font style="font-family: Wingdings">&uml;</font></p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>CALCUATION OF REGISTRATION FEE</b></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 10pt">
<tr style="vertical-align: bottom">
    <td colspan="7">



<hr size="3" noshade="noshade" align="center" style="width: 100%; color: black">

        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p></td></tr>
<tr style="vertical-align: bottom">
    <td style="width: 38%"><font style="font-size: 10pt"><b>Title of securities to be registered</b></font></td>
    <td style="width: 14%; border-bottom: Black 1pt solid; text-align: center"><p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 10pt"><b>Amount to be</b></font></p>
                                                                               <p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 10pt"><b>registered (1)</b></font></p></td>
    <td style="width: 15%; border-bottom: Black 1pt solid; text-align: center"><font style="font-size: 10pt"><b>Proposed maximum offering price per share (2)</b></font></td>
    <td style="width: 1%; border-bottom: black 1pt solid; text-align: center">&nbsp;</td>
    <td style="width: 15%; border-bottom: black 1pt solid; text-align: center"><font style="font-size: 10pt"><b>Proposed&nbsp;maximum</b></font><br>
<font style="font-size: 10pt"><b>aggregate&nbsp;offering</b></font><br>
<font style="font-size: 10pt"><b>price (2)</b></font></td>
    <td style="width: 1%; border-bottom: black 1pt solid">&nbsp;</td>
    <td style="width: 16%; border-bottom: black 1pt solid; text-align: center"><font style="font-size: 10pt"><b>Amount of</b></font><br>
<font style="font-size: 10pt"><b>registration&nbsp;fee (2)</b></font></td></tr>
<tr>
    <td style="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><font style="font-size: 10pt">Common Stock, par value $0.01 per share</font></td>
    <td style="vertical-align: top; padding-left: 12pt; text-align: center; text-indent: -12pt"><font style="font-size: 10pt">200,000</font></td>
    <td style="vertical-align: top; padding-left: 12pt; text-align: center; text-indent: -12pt"><font style="font-size: 10pt">$72.421</font></td>
    <td style="vertical-align: bottom; text-align: center">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: center">$14,484,200</td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: bottom; text-align: center">$1,755.49</td></tr>
<tr style="vertical-align: bottom">
    <td colspan="7">
<hr size="3" noshade="noshade" align="center" style="width: 100%; color: black">

        <p style="font-size: 10pt; margin: 0pt 0"></p></td></tr>
</table>
<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse; font-size: 10pt">
<tr style="vertical-align: top">
    <td style="width: 2%"><font style="font-size: 10pt">(1)</font></td>
    <td style="width: 98%"><font style="font-size: 10pt">This Registration Statement shall also cover any additional shares of common stock which become issuable
under the America&rsquo;s Car-Mart, Inc. Amended and Restated Stock Option Plan (the &ldquo;Plan&rdquo;) by reason of any stock
dividend, stock split, recapitalization or other similar transaction effected without the receipt of consideration which results
in an increase in the number of the outstanding shares of America&rsquo;s Car-Mart, Inc. (the &ldquo;Registrant&rdquo;) common
stock.</font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font-size: 10pt">(2)</font></td>
    <td><font style="font-size: 10pt">Calculated solely for the purpose of calculating the registration fee in accordance with Rules 457(c) and
(h) under the Securities Act of 1933, as amended, based upon the average of the high and low prices of the common stock of the
Registrant on October 12, 2018, as reported on the NASDAQ Global Select Market, which was $72.421.</font></td></tr>
</table>




<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 1 -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid">&nbsp;</div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></div>
    <!-- Field: /Page -->

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>EXPLANATORY NOTE</b></p>

<p style="font-size: 10pt; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"></p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 40pt">On December 9, 2015, America&rsquo;s Car-Mart, Inc., a Texas corporation
(the &ldquo;Corporation&rdquo; or the &ldquo;Registrant&rdquo;) filed a registration statement on Form S-8 (Commission File No.
333-208414) (the &ldquo;Prior Registration Statement&rdquo;) to register an aggregate of 1,555,250 shares of its common stock,
par value $0.01 per share (the &ldquo;Common Stock&rdquo;), issuable to employees, directors and certain independent contractors,
consultants and advisors of the Corporation under the America&rsquo;s Car-Mart, Inc. Amended and Restated Stock Option Plan (the
&ldquo;Plan&rdquo;), of which 1,255,250 shares were carried forward from earlier registration statements on Form S-8 relating to
the Corporation&rsquo;s 2007 Stock Option Plan. The current Registration Statement on Form S-8 is filed by the Corporation to register
200,000 shares of its Common Stock issuable under the Plan, which shares are in addition to the 1,555,250 shares of Common Stock
registered by the Corporation under the Prior Registration Statement.</p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">This Registration Statement relates to securities
of the same class as that to which the Prior Registration Statement relates, and is submitted in accordance with General Instruction
E to Form S-8 regarding Registration of Additional Securities. Pursuant to Instruction E of Form S-8, the contents of the Prior
Registration Statement are incorporated herein by reference and made part of this Registration Statement, except as amended hereby.</p>



<p style="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in"></p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; margin: 0pt 0"></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>PART II</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</b></p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><b>Item 3.</b></td><td><b>Incorporation of Documents by Reference. </b></td></tr></table>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">The following documents, which have previously been filed by the
Corporation with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;), are incorporated by reference herein and
shall be deemed to be a part hereof:</p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation&rsquo;s
Annual Report on Form 10-K for the year ended April 30, 2018, filed with the Commission on June 14, 2018;</p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; line-height: 11.15pt; text-indent: 0.25in; margin: 0pt 0 0pt 0.25in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation&rsquo;s Quarterly Report on Form 10-Q for the quarter ended July 31, 2018, filed with the Commission on September 4,
2018;</p>

<p style="font-size: 10pt; line-height: 11.15pt; text-indent: 0.25in; margin: 0pt 0 0pt 0.25in">&nbsp;</p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Corporation&rsquo;s
Current Report on Form 8-K/A filed with the Commission on July 18, 2018, and the Corporation&rsquo;s Current Report on Form 8-K
filed with the Commission on September 4, 2018; and</p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The description of the
Common Stock contained in the Corporation&rsquo;s Registration Statement on Form 10 filed with the Commission on December 23, 1986,
as amended by a Current Report on Form 8-K filed with the Commission on November 2, 2005, together with any amendment or report
filed with the Commission for the purpose of updating such description.</p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">In addition, all documents filed by the Corporation pursuant to Sections
13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;) (other than any portions
of the respective filings that are furnished pursuant to Item 2.02 or Item 7.01 of Current Reports on Form 8-K, including exhibits
related thereto) prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities
offered hereby have been sold or which deregisters all such securities then remaining unsold, shall be deemed to be incorporated
by reference in this Registration Statement and made part hereof from their respective dates of filing (such documents, and the
documents listed above, being hereinafter referred to as &ldquo;Incorporated Documents&rdquo;); provided, however, that the documents
listed above or subsequently filed by the Corporation pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act in each
year during which the offering made by this Registration Statement is in effect prior to the filing with the Commission of the
Corporation&rsquo;s Annual Report on Form 10-K covering such year shall cease to be Incorporated Documents or be incorporated by
reference in this Registration Statement from and after the filing of such Annual Report. The Corporation&rsquo;s Exchange Act
file number with the Commission is 000-14939.</p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">Any statement contained in an Incorporated Document shall be deemed
to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in
any other subsequently filed Incorporated Document modifies or supersedes such statement. Any statement contained herein shall
be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in
any subsequently filed Incorporated Document modifies or supersedes such statement. Any such statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</p>

<p style="font-size: 10pt; margin: 0pt 0"><b>&nbsp;</b></p>



<p style="font-size: 10pt; margin: 0pt 0"></p>

<p style="font-size: 10pt; margin: 0pt 0"><b>&nbsp;</b></p>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></p></div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></div>
    <!-- Field: /Page -->

<p style="font-size: 10pt; margin: 0pt 0"><b></b></p>


<p style="font-size: 10pt; margin: 0pt 0"><b>&nbsp;</b></p>


<p style="font-size: 10pt; text-indent: -1in; margin: 0pt 0 0pt 1in"></p>

<table cellpadding="0" cellspacing="0" style="width: 100%; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 1in"><b>Item 8.</b></td><td><b>Exhibits. </b></td></tr>                                                                                                                                                                                                                                                                                                         <tr style="vertical-align: top">
<td>&nbsp;</td><td>&nbsp;</td></tr>
<tr style="vertical-align: top">
<td style="border-bottom: Black 1pt solid">Exhibit No.</td><td style="border-bottom: Black 1pt solid">Exhibit Description</td></tr>
</table>

<p style="font-size: 10pt; margin: 0pt 0"></p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><a href="http://www.sec.gov/Archives/edgar/data/799850/000118811205002006/t8141_s8.htm">4.1</a></td><td><a href="http://www.sec.gov/Archives/edgar/data/799850/000118811205002006/t8141_s8.htm">Articles of Incorporation of the Corporation, as amended (incorporated by reference to Exhibits 4.1-4.8 to the Corporation&rsquo;s
Registration Statement on Form S-8 filed with the Commission on November 16, 2005 (Commission File No. 333-129727)).</a></td></tr></table>

<p style="font-size: 10pt; text-indent: -1in; margin: 0pt 0 0pt 1in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><a href="http://www.sec.gov/Archives/edgar/data/799850/000118811207003553/ex3-2.htm">4.2</a></td><td><a href="http://www.sec.gov/Archives/edgar/data/799850/000118811207003553/ex3-2.htm">Amended and Restated Bylaws of the Corporation dated December 4, 2007 (incorporated by reference to Exhibit 3.2 to the Corporation&rsquo;s
Quarterly Report on Form 10-Q for the quarter ended October 31, 2007 filed with the Commission on December 7, 2007).</a></td></tr></table>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><a href="http://www.sec.gov/Archives/edgar/data/799850/000117184314000805/exh_31.htm">4.3</a></td><td><a href="http://www.sec.gov/Archives/edgar/data/799850/000117184314000805/exh_31.htm">Amendment No. 1 to the Amended and Restated Bylaws of the Company (incorporated by reference to Exhibit 3.1 to the Company&rsquo;s
Current Report on Form 8-K filed with the SEC on February 19, 2014).</a></td></tr></table>

<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><a href="exh_51.htm">5.1</a></td><td><a href="exh_51.htm">Opinion of Mitchell, Williams, Selig, Gates &amp; Woodyard, P.L.L.C.</a></td></tr></table>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><a href="exh_231.htm">23.1</a></td><td><a href="exh_231.htm">Consent of Grant Thornton LLP.</a></td></tr></table>

<p style="font-size: 10pt; text-indent: -1in; margin: 0pt 0 0pt 1in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><a href="exh_51.htm">23.2</a></td><td><a href="exh_51.htm">Consent of Mitchell, Williams, Selig, Gates &amp; Woodyard, P.L.L.C. (included in Exhibit&nbsp;5.1).</a></td></tr></table>

<p style="font-size: 10pt; text-indent: -1in; margin: 0pt 0 0pt 1in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><a href="#a_001">24.1</a></td><td><a href="#a_001">Power of Attorney (contained on signature page hereto).</a></td></tr></table>

<p style="font-size: 10pt; text-indent: -1in; margin: 0pt 0 0pt 1in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><a href="http://www.sec.gov/Archives/edgar/data/799850/000117184315003561/def14a_062215.htm">99.1</a></td><td><a href="http://www.sec.gov/Archives/edgar/data/799850/000117184315003561/def14a_062215.htm">Amended and Restated Stock
                                                                                                                                                           Option Plan (incorporated by reference to Appendix B  to the Company&rsquo;s Proxy Statement on Schedule 14A filed with
                                                                                                                                                           the SEC on June 23, 2015).</a></td></tr></table>

<p style="font-size: 10pt; text-indent: -1in; margin: 0pt 0 0pt 1in">&nbsp;</p>

<table cellpadding="0" cellspacing="0" width="100%" style="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 1in"><a href="http://www.sec.gov/Archives/edgar/data/799850/000117184318006365/exh_104.htm">99.2</a></td><td><a href="http://www.sec.gov/Archives/edgar/data/799850/000117184318006365/exh_104.htm">Amendment to Amended and Restated Stock Option Plan (incorporated by reference to Exhibit 10.4 to the Company&rsquo;s Current
Report on Form 8-K filed with the SEC on September 4, 2018).</a></td></tr></table>



<p style="font-size: 10pt; text-indent: -1in; margin: 0pt 0 0pt 1in"></p>


<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>


<p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>


<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>


<p style="font-size: 10pt; text-indent: -1in; margin: 0pt 0 0pt 1in">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <div style="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid"><p style="margin-top: 0pt; text-align: center; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></p></div>
    <div style="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></div>
    <!-- Field: /Page -->

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>SIGNATURES</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused
this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Bentonville,
State of Arkansas, on this 16th day of October, 2018.</p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; margin: 0pt 0 0pt 400pt">AMERICA&rsquo;S CAR-MART, INC.</p>

<p style="font-size: 10pt; margin: 0pt 0 0pt 400pt">&nbsp;</p>

<p style="font-size: 10pt; margin: 0pt 0 0pt 400pt">By: <u>/s/ Vickie D. Judy&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

<p style="font-size: 10pt; margin: 0pt 0 0pt 400pt">Vickie D. Judy</p>

<p style="font-size: 10pt; margin: 0pt 0 0pt 400pt">Chief Financial Officer</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b><a name="a_001"></a>POWER OF ATTORNEY</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0"></p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Jeffrey A. Williams and Vickie D. Judy, and each of them, his true and lawful attorneys-in-fact
and agents, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities,
to sign any and all amendments (including post-effective amendments) to this registration statement, and to file the same, with
all exhibits thereto and all documents in connection therewith, with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite
and necessary to be done in and about the premises, as fully to all intents and purposes as he might or could do in person, hereby
ratifying and confirming all that each said attorneys-in-fact and agents, or any of them or their or his substitute or substitutes,
may lawfully do or cause to be done by virtue hereof.</p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">Pursuant to the requirements of the Securities Act of 1933, this
registration statement has been signed by the following persons in the capacities and on the date indicated.</p>

<p style="font-size: 10pt; text-indent: 0.5in; margin: 0pt 0">&nbsp;</p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font-size: 10pt; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 45%; font-size: 10pt"><font style="font-size: 10pt"><b>Signature </b></font></td>
    <td style="width: 33%; font-size: 10pt"><font style="font-size: 10pt"><b>Title</b></font></td>
    <td style="width: 22%; font-size: 10pt; text-align: center"><font style="font-size: 10pt"><b>Date</b></font></td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; margin: 0pt 0"><u>/s/ Jeffrey A. Williams</u></p>
        <p style="font-size: 10pt; margin: 0pt 0">Jeffrey A. Williams</p>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p></td>
    <td style="font-size: 10pt"><p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
                                <p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 10pt">President, Chief Executive
Officer</font></p>
                                <p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 10pt">and Director (principal executive officer)</font></p></td>
    <td>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">October 16, 2018</p></td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; margin: 0pt 0"><u>/s/ Vickie D. Judy</u></p>
        <p style="font-size: 10pt; margin: 0pt 0">Vickie D. Judy</p>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p></td>
    <td style="font-size: 10pt"><p style="margin-top: 0; margin-bottom: 0">&nbsp;</p>
                                <p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 10pt">Chief Financial Officer
</font><br> <font style="font-size: 10pt">(principal financial and accounting</font></p>
                                <p style="margin-top: 0; margin-bottom: 0"><font style="font-size: 10pt">officer) </font></p></td>
    <td>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">October 16, 2018</p></td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; margin: 0pt 0"><u>/s/ Ray C. Dillon </u></p>
        <p style="font-size: 10pt; margin: 0pt 0">Ray C. Dillon</p>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p></td>
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; margin: 0pt 0">Chairman of the Board</p></td>
    <td>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">October 16, 2018</p></td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; margin: 0pt 0"><u>/s/ Daniel J. Englander</u></p>
        <p style="font-size: 10pt; margin: 0pt 0">Daniel J. Englander</p>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p></td>
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; margin: 0pt 0">Director</p></td>
    <td>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">October 16, 2018</p></td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; margin: 0pt 0"><u>/s/ William H. Henderson</u></p>
        <p style="font-size: 10pt; margin: 0pt 0">William H. Henderson</p>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p></td>
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; margin: 0pt 0">Director</p></td>
    <td>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">October 16, 2018</p></td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; margin: 0pt 0"><u>/s/ Jim von Gremp</u></p>
        <p style="font-size: 10pt; margin: 0pt 0">Jim von Gremp</p></td>
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; margin: 0pt 0">Director</p></td>
    <td>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">October 16, 2018</p></td></tr>
<tr style="vertical-align: top">
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; margin: 0pt 0"><u>/s/ Joshua G. Welch</u></p>
        <p style="font-size: 10pt; margin: 0pt 0">Joshua G. Welch</p></td>
    <td>
        <p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; margin: 0pt 0">Director</p></td>
    <td>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>
        <p style="font-size: 10pt; text-align: center; margin: 0pt 0">October 16, 2018</p></td></tr>
</table>
<p style="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt">3</p>

<!-- Field: Rule-Page --><div align="center" style="margin-top: 3pt; margin-bottom: 3pt"><div style="font-size: 1pt; border-top: Black 4pt solid; width: 100%">&nbsp;</div></div><!-- Field: /Rule-Page -->

<p style="font-size: 10pt; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></p>

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>exh_51.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 5.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><IMG SRC="mw.jpg" ALT=""></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; text-transform: uppercase; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps; text-transform: none">425
West Capitol Avenue, Suite 1800</FONT></P>

<P STYLE="font-size: 10pt; text-transform: uppercase; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps; text-transform: none">Little
Rock, Arkansas 72201-3525</FONT></P>

<P STYLE="font-size: 10pt; text-transform: uppercase; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps; text-transform: none">Telephone
501-688-8800</FONT></P>

<P STYLE="font-size: 10pt; text-transform: uppercase; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps; text-transform: none">Fax
501-688-8807</FONT></P>

<P STYLE="font-size: 10pt; text-transform: uppercase; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps; text-transform: none">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; text-transform: uppercase; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps; text-transform: none">&nbsp;</FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">October 16, 2018</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">America&rsquo;s Car-Mart, Inc.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">802 Southeast Plaza Ave., Suite 200</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Bentonville, Arkansas 72712</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">Re:</TD><TD STYLE="text-align: justify">Registration Statement on Form S-8 &ndash; America&rsquo;s Car-Mart Inc. Amended and Restated Stock
Option Plan</TD></TR></TABLE>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">We have acted as counsel to America&rsquo;s
Car-Mart, Inc., a Texas corporation (the &ldquo;Company&rdquo;), in connection with the preparation and filing with the Securities
and Exchange Commission (the &ldquo;SEC&rdquo;) under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;),
of the Company&rsquo;s Registration Statement on Form S-8 (the &ldquo;Registration Statement&rdquo;) registering 200,000 shares
(the &ldquo;Shares&rdquo;) of the Company&rsquo;s common stock, $0.01 par value per share, subject to issuance by the Company under
the Company&rsquo;s Amended and Restated Stock Option Plan, as amended (the &ldquo;Plan&rdquo;). This opinion letter is furnished
to you at your request to enable you to fulfill the requirements of Item 601(b)(5) of Regulation S-K, 17 C.F.R. &sect; 229.601(b)(5),
in connection with the Registration Statement.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">In so acting we have examined originals, or
copies certified or otherwise identified to our satisfaction, of (a) the Registration Statement, (b) the Articles of Incorporation
of the Company, as amended, (c) the Amended and Restated Bylaws of the Company, as amended, (d) the Plan, and (e) such other documents,
records, certificates and other instruments as in our judgment are necessary or appropriate for purposes of this opinion. We have
assumed that (i) the Shares will be issued for consideration consisting of any tangible or intangible benefit to the Company, cash,
services performed or a contract for services to be performed, a security of the Company or other property of any kind or nature;
(ii) the consideration will not be less than the par value of the Shares; and (iii) the Shares were or will be issued in compliance
with applicable federal and state securities laws and in accordance with the Plan.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">In our examination of the aforesaid documents,
we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the accuracy and completeness of
all documents submitted to us, the authenticity of all original documents, and the conformity to authentic original documents of
all documents submitted to us as copies (including electronic copies and telecopies). This opinion letter is given, and all statements
herein are made, in the context of the foregoing.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">Mitchell, Williams, Selig,
Gates &amp; Woodyard, P.L.L.C. | Attorneys at Law</FONT></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">MitchellWilliamsLaw.com</FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 4pt solid">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">America&rsquo;s Car-Mart, Inc.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">October 16, 2018</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Page 2</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This opinion letter is based as to matters of
law solely on the Texas Business Organizations Code. We express no opinion herein as to any other laws, statutes, ordinances, rules
or regulations.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Based upon, subject to and limited by the foregoing,
we are of the opinion that the Shares, when issued, will be duly authorized, validly issued, fully paid and non-assessable.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">Our opinion represents the reasoned judgment
of Mitchell, Williams, Selig, Gates &amp; Woodyard, P.L.L.C., as to certain matters of law based upon facts presented to us or
assumed by us and should not be considered or construed as a guaranty. Our opinion is subject to future changes in law or fact,
and we disclaim any obligation to advise you of or update this opinion for any changes of applicable law or facts that may affect
matters or opinions set forth herein.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">This opinion letter has been prepared solely
for your use in connection with the filing of the Registration Statement and speaks as of the date hereof. We assume no obligation
to advise you of any changes in the foregoing subsequent to the delivery of this opinion letter.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0">We hereby consent to the filing of this opinion
letter as Exhibit 5.1 to the Registration Statement. In giving this consent, we do not admit that we are within the category of
persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the SEC promulgated thereunder.</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 2.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 2.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 2.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 2.5in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 2.5in">Very truly yours,</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 3in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 3in">/s/ Mitchell, Williams, Selig,</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 3in">Gates &amp; Woodyard, P.L.L.C.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 3in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 3in"><FONT STYLE="text-transform: uppercase">mitchell, williams,
selig,</FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 3in"><FONT STYLE="text-transform: uppercase">gates &amp; woodyard,
p.l.l.c.</FONT></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 3in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0 0pt 3in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 3in">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>exh_231.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 23.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: left"><B></B></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: center"><B>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B></P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">We have issued our reports dated June 13, 2018, with respect to
the consolidated financial statements and internal control over financial reporting of America&rsquo;s Car-Mart, Inc. included
in the Annual Report on Form 10-K for the year ended April 30, 2018, which are incorporated by reference in this Registration Statement.
We consent to the incorporation by reference of the aforementioned reports in this Registration Statement.</P>

<P STYLE="margin: 0pt 0; font-size: 10pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">/s/ GRANT THORNTON LLP</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">Tulsa, Oklahoma</P>

<P STYLE="font-size: 10pt; line-height: 107%; margin: 0pt 0">October 16, 2018</P>

<P STYLE="font-size: 10pt; line-height: 107%; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin-top: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: left"><B>&nbsp;</B></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>mw.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 mw.jpg
M_]C_X  02D9)1@ ! 0$ > !X  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !8 7\# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#]4Z*** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ K+\4?\BS
MJ_\ UYS?^@&M2LOQ1_R+.K_]><W_ * : /AOX'?\HA=1_P"Q/UC^=Q7U%^RC
M_P FR_"S_L6K#_T0E?+OP/\ ^40NH_\ 8GZQ_.XKZB_91_Y-E^%G_8M6'_HA
M* /5J*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HKSK4OVC/A7H^I7FGW_Q'\*V5_9RM#<VMQK%NDD,BG#*RE\@@@C!]*[O2
M]4L]<TVVU#3KJ&^L;J-9H+FWD$D<J,,AE8<$$=Q0!:HHKD_&/Q9\$_#R\M[7
MQ3XMT7P[<W"&6&'5+^*W>1 <%E#L,C/&: .LHK!\&^/O#7Q#TV34/"^OZ;XB
ML(Y3"]UI=TEQ&K@ E2R$C."./>MZ@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "LOQ3_R+.K_]><W_ * :U*R_%/\ R+.K_P#7G-_Z : /AOX'
M_P#*(74?^Q/UC^=Q7U%^RC_R;+\+/^Q:L/\ T0E?+OP/_P"40NH_]B?K'\[B
MOJ+]E'_DV7X6?]BU8?\ HA* /5J*Y/QG\6/!7PYNK2V\5>+-%\.7%XK/;QZI
M?1V[3*I 8J'89 R.GK6;HWQ^^&GB*YN[?2O'_AO4I[2VDO;B.TU6&5HH(QEY
M6"L<(HY+'@4 =]17FD?[37PBFCWI\3_"!3U_MNV'_L]6=-_:(^%NL:I9Z;I_
MQ%\+7VH7DJP6UK;:O;R232,<*BJKDDD]A0!Z%17G>J?M%?"S1-2O=.U'XB^%
M[&_LI&BN;6YU>".2%P<%64MD$8Z&NTT'Q!IGBK1[35M&U"VU72[M/-M[RSE6
M6*53_$K*<$>XH T**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@#\Y
M?^"MWP/T7Q/X7^'K^&_#6G0>.=:\1M8QWMM;I%-=!K>5RDC*,N2R+C.>?J:Z
M;_@D7\?A\0/@?=?#O59L>(?!,ODQQ2<.UC(Q,9Q_L-O0^@">M=K^W)>?\7E_
M9<LPV&D\<B8#_<C _P#9Z^1_CE:W'_!/7_@H9I/Q$T^%H/A_XRD>>[BB7$8B
ME<"\BQTRCE9E'NM 'ZZR2+#&TCLJ(H+,S'  '4DU^$W[9_CB\_:#_:F\*>,;
M^,2> M:U--'\/H['%S86UT(99L?W9)&E(/<'VK]0/VR_B5?:IX&\-?#+P)?J
MWB[XI3#3+"ZMVW?9M.90UW>9!^ZL)P#ZN,=*^&?^"E_@G2?A3\9OV<?"^@P?
M9=(T/3+>TMHQUVI>*,GU8D$D]R2: /U.O_!=QX2\#S:1\,['P_X7O$V_98YM
M/(LD((!W1PE"3M&,@^E?$_PC_;'_ &A?BY^T?XG^#EOI/P_TO4_#;7'V_5I8
M+R2$I#($W(@E!)8LN <8!.:_0H'@&OS1_8Q"R?\ !4#]HAQQMAO./^WJ&@#W
M;Q=\:OVA->^/WBKP9\*_#7@_6M!\,VEC'J6I^())H(UO9HO,9$*/D\$';@X&
M,GD5Y;XP_;6_:*\#_M">&_@QJ'@SX<OXNUZ*.6UN(;N\-HH?>1O8G</]6W0'
MM7Z!V^GVMG-<2P6T,$MP_F3/'&%:5L ;F(ZG  R>P%?F?^T5_P I?O@]_P!>
MEI_Z#<T >O\ Q ^-_P"U7\.?$W@.PU_PK\.HM,\3^(;70_MFCSW5Q)"9&)8[
M'8?P(YS@XQS7HW[2_P"VAIGP/\5Z+\/_  SH-QX_^*FN;1I_ANQD$8C#9VO/
M)SL4X)QC. 2<#FOHNZT^UOFMWN;:&X:WD$L+2QAC&X! 9<C@X)Y'/)K\LOV!
M[X_%7_@I!\:?%VO'S]5T^/4!9^8<F("Z2W4+GIMB&WZ&@#Z]@TC]K36M/%_+
MX@^&/AR]D&\:0NG7=TD7HCS[QDCN57'I5#]F;XT?&GX@?$#XJ^!?B/H_AG1-
M=\'V]JEO=:2DSPW$UPDCQ2D,^6CVHIP-IY(X-?4]9MGX<TO3]:U'5[:PMX-4
MU%8EO+R.,"2X$8(C#MU.T,0,],T ? R?MB?M"2_M:2? %-,^'[:VC;CK9M[P
M6_D^3YV_R_-W9V\;?7OCFON;Q!:^+9/!)BT6]TB'Q;Y$8%U?6TCV1FXWGRU<
M/M/S8&[(R.M?F3XS\5:KX,_X*_:QJVB^$M1\;:A#IP":1I<L44[@V"@L&E95
MPH.3DU]E_P##3GQ/S_R;1XVQ_P!A/3?_ (]0!X5^SO\ MB?'[X_?'CQ5\-8]
M*\!Z,_A.64:MJ36]W(KK%/Y)$*^:,ECDC=C Z^E>F_MY?M(_%#]E/PW9^-O#
MMIX6UCPM-=1:?)8:E!<"\29E=MX=) I7Y<8P",]Z^=O^"9-_<ZQ^VA^T1J%]
MIEQHM[<&62;3;IE:6V9KUB8W*DJ64\$@XXKUC_@L=_R:7;_]C#:?^@2T >@>
M!O%/[5'Q$\!:'XIL/^%26,&LV$.H06EQ'J3/&DB!U5F#8S@C.*U?V=OBM\8/
MBGH'Q2TCQ78^%_#_ (Y\+:Q_8UJ]G%/-8L_D1R^8X,@9E(D7&"IYK@?AA^TC
M\2O!W[//@Y=,_9Y\6ZW%8^&[007D.H67EW"K;KMD"B0R;6 #8V[L'IFO=?V3
M?$]_X\_9[\$^+=:,,NOZ]I\=]J-Q%"L1EF;@E@H&2  O/.%% 'RU\$?VQ/CY
M\:?VB?%/PDBTOP%I-WX6>?\ M+5FM[R2-TBF6(F)/-!RQ88SC ZU^@"YVC/7
MO7YJ?L-*/^'D_P"T><<A;O!_[?8Z_2V@#X=_;L_:[^+?[(6LZ+?:=IOA'Q#X
M8\03R6]C#<07*7=LZ*A(D82;7SN." .G3O7U5\'Y/'=UX/M[OXA3:%)KER%F
M$?A^&6."&-D4^63*S%F!W?-P#QQ7PC_P6G&?"/PC_P"PY/\ ^BTK]'-+ 72[
M,#@>2G_H(H M5E^*?^19U?\ Z\YO_0#6I67XI_Y%G5_^O.;_ - - 'PW\#_^
M40NH_P#8GZQ_.XKZB_91_P"39?A9_P!BU8?^B$KY=^!__*(74?\ L3]8_G<5
M]1?LH?\ )LOPL_[%JP_]$)0!S/[;'[-^G?M+? ;Q!H1L;>7Q+:6[WFAWC1CS
M8;I!N5%;J%DP4(Z8;V%?)'_!&;Q%X<U;P'X[\$:CH6FQ^*=)O#-+-+9I]IN+
M.=0CQR,1N95>,J5/'S@8K],J_)7QR/\ AAC_ (*A6&O1C[#X&\=.))\#$2Q7
M3[)O;]W< /[#'K0!R?C;X;^&_P!BW_@IAH$NJZ+IK?#;Q'<^?;1W]LDEM:V]
MUNB? 8%5\F4GZ*!7UQ^R%\$?"OQ*^.?Q#_:%7PUI=IH]YJ+:9X-A@LTCB%O;
MXBDU!% QOE=#M<<X#'^*O//^"S6B:1XF\"^"K6SLKC4?&U@]WJ<:V<8<P:6B
M*+F67N(PYAP?7/O7M_[(_P"TKX8E_8/T?Q[=K;Z98>#]'DL]3M;90BQRVJ;=
MJJ.\@V$#N9!0!YI^T1\#?"7[5/[<WA#P9#H-@-*\%Z>=<\9:A;6ZH]TTSJ;>
MSD=<%BVS<<\[7;%3?MD_M4?%_P#8GF\.Q:5HG@35/"&L3S6FDVEM97%O)9+'
MMV1NJRA#\K#E0!P>!7NO[%?PYU/PS\,KSQIXJAV>._B#>MXEUG=]Z'S>;>V_
MW8HMJ@=B6KY<_P""T&UO#_P=0\%M<GY]MD= 'V;X-7XRZE\+[FXUS4?!MMXV
MNDCFL19V5RUC; JI:.4-+O<]1N4CZ&OEK]EW]LGXZ?M)?&3Q1X'&E^!=!B\(
MRLNKWQ@NY3-LG,16%?-')*L06X&.AZ5][6"A;&W4<XC4?H*_-'_@E^H_X:R_
M:6..?[0E'_D]/0!^FM?"'[:7[8WQD_93^(GAW2;'2O!_B+2/%<TJ:09H+F*>
MW*NB[)B)=K']XOS*!WX%?>%?F=_P5T4'XH?L[@\_\3:;_P!'VM 'Z$?#>'QE
M#X8B'CRYT6Z\0LY:1M!@EBM54XPH$C,Q(YYXSZ"N1_:*U[XD>$? >H^(_A[+
MX<:31[&YO[RR\06\S_:5B3>$C>-UV'"MU!Y(Z5ZO7%_&Q@OP:\>$G _L"_)_
M\!WH ^7?V%_VHOC-^UU:W?BG4;'P=X?\&Z;?_8+F&WM[E[RY81AV\LF3:@&]
M.2#G)XK[5KX%_P""+_\ R:_K_P#V,UQ_Z3V]?3W[5GQD/P-^".O>(;4QMKTX
M73=%AD8 2W\Y\N <\8#-O/\ LH: /!=#_P""@DFL_MV2?!G^S[&+P:[3:;::
MQM?SKF_C3+ -NV%/,22/@?>4<]J^UJ_*+]NCX/Z/\'?@1\&/&?@KQ#IM_P"+
M?AS=0I?75K>QR37,DL@F>=MIRQ^TAF^DIK]+_A%\2-/^+WPQ\,>,]+8&RUNP
MBO%4'[A91N3ZJVY3]* /C[]MS]L/XT_L=ZQI%\^E^"O$/A77+J:.Q98KJ.[A
M6/:VR4>9M)*M]Y>,@\"OLSX;^/-,^*'@'P_XMT>59M,UJRBO8&4YPKJ#M/N#
MD'W!KY7_ &UO FE?&#]H3X&_#[6QOTS6[/Q#'*  2A^QJ$D'NK%6'N*\Y_X)
M:_%#5? >L>.?V;O&LGD^(?"-[//IBR''F0;\3(N3R Q61?\ 9E/I0!]B?M*?
M&JR_9[^"?BKQW>"*232[0FTMYFP+BZ;Y88O7YG*YQSC->)_L(?M'?%G]JKPS
M)XV\16?A+1_",5U-8"TTZ&X-]-,B*=X9I"BIEQQ@DX/2L3]I2;_AH+XA>,]"
M3_2/!'PG\/WFJ:EWBN]>EM)/LT)['R(B9#Z,ZYZ5E_\ !'&3?^R5<K_=\17@
M_P#(<)H [+Q1^U9XW^)?[1VM?!;X+Z;HBWWAR S>(/%/B/S)+:T(*@Q0PQD&
M1PS!<DXSGL,UK:'X\^.OPZ^/'@OPG\1+_P &Z_X1\4+>1V^J:/9S6MU%<06[
MS>6R.Y&"J$Y&> >G?YG^/GP%^.?[*?[37B7X[_!?3QXPT'7W>?5M&2,S2J'(
M>6*2$$,Z;EW*\?*]QQS[K^R?_P %!O O[4?B2+PQKWA\^#?B'IZ2316&I[71
MV52)?L\C ,&"[LJ0#MSU - 'AW[='[4GP^NOVJ/V=TTSQ7I>K:7X8UEK_6+[
M3[A;B"T622)!N="5R%1V(!X%>[_MX?#/PW^UU^RCKM_X.U33?$VH^'2VK:9>
M:5<QW*F2)<S0[D)&6B)^7KG;7T=#\&_ %LNV'P/X;B7T32+<#]$K;T'PIHGA
M6QDLM%T>PT>SD<R/;V%JD$;,1@L50 $G YH _/W_ ()3^"]?\5>$?^%P_$"_
M>[_LG3!X5\,->85;/386+S."?5CMW'M&1G%?/7_!5[XR>#_&O[1?PYG\->(=
M/\06^@V"->W.F3K<11N;DOLWH2I8*H) )ZBOV333;2/3_L*6L*V6PQ?9EC C
MV$8*[<8QCM7+1?!CX?0H$C\"^&HT'15TBW _] H 9X=^,W@/Q-X-/BG3/&6A
M7GAV-5\W5(]0B\B$D A9'+81L$?*V#STK\Q_V)?C-X0_X>.?&77KKQ%IMGI&
MNKJ"Z?J%U<I%!<8NHV7:[$ [E4D>HZ5^I,'PU\(6NBW6CP^%=$BTFZD$MQ81
MZ="L$SC&&>,+M8\#DCL*IR?!WP#)&(W\#^&WC'(5M)MR!^&R@#J)M0MK:QDO
M9KB**SCC,KW#N%C5 ,EBQX QSGI7Y)_'KXT^";[_ (*N_#KQ+:^*-*NO#>E"
MRM;O5X;I'M8GVR@@R@[< R+DYP,_6OULGT^UNK"2QFMH9K*2,PO;21AHVC(P
M4*G@KCC'3%<O'\'? ,4/DIX'\-I%C'EKI-N%_+90!T6BZ[IOB338M0TC4+75
M;";/EW5E.LT3X.#AU)!Y]#7YA_%+P1XC_8#_ &WKKXV66AWNL_"3Q1+*-7FT
MZ(R&Q$Y#3*ZCIMD D4GAAE<YK].]$T'3/#.FQ:?H^G6FE6$6?+M;&!88DR<G
M"* !DG/2K<T$=Q"\4L:RQ2 JZ. 58'J"#U% 'F'AS]J3X0^*O#2:]IWQ*\+O
MIC)YADFU2&%HQC.'1V#*?8@&N<^!W[5FA_'_ ,8>/_\ A&!!+X!\*""W_P"$
MHDE*1WERP=YMF0 (HU5?G)YW9Z8-=???LV_";4K]KVZ^&?A&XNV.YII-$MBS
M'U/R<FNQT_PCH>DZ+)I%CHVGV6DR*R/86]K'' RL,,#&!M((X(Q0!^56B?&;
MP;-_P6"O?$J^)=,'AUHWTY=6-T@M&E%B$P)<[<;P5SG!-?JMJ7BK1=%T$ZWJ
M&KV%CHRH)3J-S<I';[#T;S"=N#D8.>]87_"E_A]Y7E?\()X9\K&-G]CV^,>F
M-E;M_P"%-$U30UT6]T?3[S1E54&G7%JCVX5<;1Y9&W P,#'&* /RP_X)R_%W
MPE#^VQ\=M0O/$6G6-CX@DNI=,N+RY2%+L?;BR[&8@$E6! ZD5ZW_ ,%E/'6@
MP_L]Z9X8_MBR;7Y]<MYQI:SJ;@1+'(2YC!W!>1R1CD5]L_\ "F_ &5/_  @W
MAO*D,O\ Q*+?@CH1\G6KFK?#;PCKVIOJ6I^%M%U+4754:\N]/AEF90, %V4D
M@=N: /GK]GO]KSX+Z/\ L^?#^WU+XF>&[&ZL_#]G!<VUQ?HDL4B0JKHR'Y@0
M01C%7?V:_P!ICPW\4-6^)%[X<N-)T7X,>$'M=,TS49(Q9Q2W!5Y+F7<Q 6(%
MXPN<9SGO7MS?!_P')G=X)\.MGKG2;<_^R5?A^'_A>WT*XT2+PWI$>C7+;Y].
M2PB%O*W'+1[=K'@<D=A0!^4G[%?[0W@#PK^WI\;O$VO^*=-T?0-=^W+8:E=R
M[(+C_3$9=KGCYE4L/4"OL+XW_M^^!+72=-\.?"KQ?I7BOXBZ_J=II>EVUBIN
MHX6EF17EEP-NU4+<9R217T:OPF\#JN%\&^'P/0:7!_\ $5)8_"_P;I=[!>6?
MA+0K2[MW\R&X@TV%)(V'\2L%R#[B@#\T_P#@L]\2/#U]-\,O#EEK-E?ZQIE_
M=75_9VTRR26JXB4>8JD["3NP#SP:^T[?]NCX"Z?X;L[RY^*?AU$^S([1K=;Y
M!\H.-B@MGVQFO6;KX7^#;^^N;VY\):%<7MR_FSW$NFPM)*_]YF*Y8^YJ)OA+
MX&=LMX,\/,?4Z5 ?_9* /._V2?C;J7[0W@;Q!XWF58_#MYK]Y!X=4P>5(=/B
M*QH\GJS.LC>V0.U>N>*?^19U?_KSF_\ 0#5C2='L- T^*PTRQMM.L801';6D
M*Q1IDY.%4 #D]JK^*?\ D6=7_P"O.;_T T ?#?P/_P"40NH_]B?K'\[BOJ+]
ME#_DV7X6?]BU8?\ HA*^7?@?_P HA=1_[$_6/YW%?47[*'_)LOPL_P"Q:L/_
M $0E 'JU?!__  5_^"Z^//V=;7QI:0[M5\'7BW#2(/F^R3$1RC/H&\IO^ FO
MO"JFJZ38Z[IMQI^I6=OJ%A<(8YK6ZB66*53U5E8$$>QH ^*?V"_!.K?';X5Z
MQ\4?B?"M]J7B_1(_"EE$P.(]'@C,3$9[SRF21CW(4U\:?L@?"OQC)^T-XL_9
MHOR7\"V7B)-:\1HX/[Z&P<^4GH%G8V^X=P!Z5^T>FZ;9Z/806-A:PV-E @CA
MM[:,1QQJ.BJH  'L*IV/A71=-UB^U>STBPM-5O@!=WT%LB3W '022 ;FQ@=2
M>E &HJA5 ' [ 5^5'_!97XI>&=8OOAAX?TS7;#4]3TN_NKJ_M+.X65[4#RE
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH *R_%/\ R+.K_P#7G-_Z :** /AOX'_\HA=1_P"Q/UC^=Q7U%^RA_P F
MR_"S_L6K#_T0E%% 'JU%%% !1110 4444 %%%% !1110 4444 %%%% !1110
/ 4444 %%%% !1110!__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
