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Subsequent Events
12 Months Ended
Apr. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events
P – Subsequent Events
On May 29, 2025, the Company completed a securitization transaction, which involved the issuance and sale in a private offering of $165.2 million aggregate principal amount of 5.55% Class A Asset Backed Notes (the “Class A Notes”) and $50.8 million aggregate principal amount of 7.25% Class B Asset Back Notes (the “Class B Notes”), with an overall weighted average life adjusted coupon of 6.27%. The Notes were issued by ACM Auto Trust 2025-2, an indirect subsidiary of the Company. The Notes are collateralized by $363.0 million of accounts receivables related to installment sale contracts originated by the Company’s operating subsidiaries, America’s Car Mart, Inc and Texas Car-Mart, Inc. The Class A Notes mature on June 20, 2028, and the Class B Notes mature on February 20, 2032.
Subsequent to our April 30, 2025 balance sheet date, Congress enacted the One Big Beautiful Bill Act (“OBBBA”), which was signed into law on July 4, 2025, as Public Law 119‑21. Under this law, the 100% bonus depreciation provision under § 168(k) was permanently reinstated for property placed in service after January 19, 2025, and the § 163(j) interest limitation reverted to the pre‑2022 EBITDA‑based threshold. Because enactment occurred after April 30 but before issuance of our financial statements, the effects of OBBBA are not reflected in the period ended April 30, 2025. Management is currently evaluating the potential impact of these provisions on deferred taxes and future tax obligations. We cannot estimate the impacts of this legislation as of the issuance of these financial statements.