America's Car-Mart (CRMT) 10-K 8 Jul 22 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2022	Jul. 05, 2022	Oct. 31, 2021
Document Information [Line Items]
Entity Central Index Key	0000799850
Entity Registrant Name	AMERICAS CAR-MART INC
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Apr. 30, 2022
Document Transition Report	false
Entity File Number	0-14939
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	63-0851141
Entity Address, Address Line One	1805 North 2nd Street, Suite 401
Entity Address, City or Town	Rogers
Entity Address, State or Province	AR
Entity Address, Postal Zip Code	72756
City Area Code	479
Local Phone Number	464-9944
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	CRMT
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 712,616,493
Entity Common Stock, Shares Outstanding		6,368,788
Auditor Name	GRANT THORNTON LLP
Auditor Location	Tulsa, Oklahoma
Auditor Firm ID	248

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2022	Apr. 30, 2021
Assets:
Cash and cash equivalents	$ 6,916	$ 2,893
Restricted cash	35,671	0
Accrued interest on finance receivables	4,926	3,367
Finance receivables, net	854,290	625,119
Inventory	115,302	82,263
Income taxes receivable, net	274	0
Prepaid expenses and other assets	9,044	6,120
Right-of-use asset	58,828	60,398
Goodwill	8,623	7,280
Property and equipment, net	51,438	34,719
Total Assets	1,145,312	822,159
Liabilities:
Accounts payable	20,055	18,208
Income taxes payable, net	0	150
Accrued liabilities	32,630	31,278
Deferred income tax liabilities, net	28,233	20,007
Lease liability	61,481	62,886
Non-recourse notes payable	395,986	0
Revolving line of credit	44,670	225,924
Total liabilities	675,546	415,263
Commitments and contingencies (Note L)
Mezzanine equity:
Mandatorily redeemable preferred stock	400	400
Equity:
Preferred stock, par value $.01 per share, 1,000,000 shares authorized; none issued or outstanding	0	0
Common stock, par value $.01 per share, 50,000,000 shares authorized; 13,642,185 and 13,591,889 issued at April 30, 2022 and April 30, 2021, respectively, of which 6,371,977 and 6,625,885 were outstanding at April 30, 2022 and April 30, 2021, respectively	136	136
Additional paid-in capital	103,113	98,812
Retained earnings	658,242	564,975
Less: Treasury stock, at cost, 7,270,208 and 6,966,004 shares at April 30, 2022 and April 30, 2021, respectively	(292,225)	(257,527)
Total stockholders' equity	469,266	406,396
Non-controlling interest	100	100
Total equity	469,366	406,496
Total Liabilities, mezzanine equity and equity	1,145,312	822,159
Payment Protection Plan [Member]
Liabilities:
Deferred revenue	43,936	32,704
Service Contract [Member]
Liabilities:
Deferred revenue	$ 48,555	$ 24,106

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Apr. 30, 2022	Apr. 30, 2021
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	13,642,185	13,591,889
Common stock, shares outstanding (in shares)	6,371,977	6,625,885
Treasury stock, shares (in shares)	7,270,208	6,966,004

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Revenues:
Sales	$ 1,060,512	$ 808,065	$ 652,992
Interest and other income	151,853	110,545	91,619
Total revenues	1,212,365	918,610	744,611
Costs and expenses:
Cost of sales, excluding depreciation	663,631	479,153	388,475
Selling, general and administrative	156,130	130,855	117,762
Provision for credit losses	257,101	163,662	162,246
Interest expense	10,919	6,820	8,052
Depreciation and amortization	4,033	3,719	3,839
Loss (gain) on disposal of property and equipment	149	(40)	(114)
Total costs and expenses	1,091,963	784,169	680,260
Income before income taxes	120,402	134,441	64,351
Provision for income taxes	27,095	30,302	13,008
Net income	93,307	104,139	51,343
Less: Dividends on mandatorily redeemable preferred stock	40	40	40
Net income attributable to common stockholders	$ 93,267	$ 104,099	$ 51,303
Earnings per share:
Basic (in dollars per share)	$ 14.33	$ 15.70	$ 7.74
Diluted (in dollars per share)	$ 13.67	$ 14.95	$ 7.39
Weighted average number of shares outstanding:
Basic (in shares)	6,509,673	6,628,749	6,630,023
Diluted (in shares)	6,823,481	6,961,575	6,945,652

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Net income	$ 93,307,000	$ 104,139,000	$ 51,343,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	257,101,000	163,662,000	162,246,000
Losses on claims for accident protection plan	21,871,000	18,954,000	17,966,000
Depreciation and amortization	4,033,000	3,719,000	3,839,000
Amortization of debt issuance costs	775,000	391,000	273,000
Loss (gain) on disposal of property and equipment	149,000	(40,000)	(114,000)
Stock-based compensation	5,496,000	5,962,000	4,732,000
Deferred income taxes	8,226,000	7,028,000	(1,280,000)
Change in operating assets and liabilities:
Finance receivable originations	(1,009,859,000)	(762,716,000)	(604,497,000)
Finance receivable collections	417,796,000	370,254,000	322,180,000
Accrued interest on finance receivables	(1,559,000)	(269,000)	(750,000)
Inventory	50,881,000	5,019,000	53,827,000
Prepaid expenses and other assets	(2,924,000)	(1,679,000)	193,000
Accounts payable and accrued liabilities	5,166,000	14,766,000	1,009,000
Income taxes, net	(424,000)	(3,691,000)	5,788,000
Net cash (used in) provided by operating activities	(114,284,000)	(53,812,000)	20,917,000
Investing Activities:
Purchase of investments	(1,343,000)	0	(4,648,000)
Purchases of property and equipment	(20,921,000)	(8,952,000)	(5,422,000)
Proceeds from sale of property and equipment	20,000	694,000	184,000
Net cash used in investing activities	(22,244,000)	(8,258,000)	(9,886,000)
Financing Activities:
Exercise of stock options	(1,488,000)	4,034,000	1,533,000
Issuance of common stock	293,000	258,000	190,000
Purchase of common stock	(34,698,000)	(10,616,000)	(16,009,000)
Dividend payments	(40,000)	(40,000)	(40,000)
Debt issuance costs	(6,108,000)	(282,000)	(505,000)
Change in cash overdrafts	(1,802,000)	1,802,000	(1,274,000)
Issuances of non-recourse notes payable	399,994,000	0	0
Principal payments on notes payable	0	(524,000)	(509,000)
Proceeds from revolving credit facilities	331,113,000	73,337,000	442,490,000
Payments on revolving credit facilities	(511,042,000)	(62,566,000)	(379,099,000)
Net cash provided by financing activities	176,222,000	5,403,000	46,777,000
Increase (decrease) in cash, cash equivalents, and restricted cash	39,694,000	(56,667,000)	57,808,000
Cash, cash equivalents, and restricted cash beginning of period	2,893,000	59,560,000	1,752,000
Cash, cash equivalents, and restricted cash end of period	42,587,000	2,893,000	59,560,000
Accident Protection Plan [Member]
Change in operating assets and liabilities:
Increase (decrease) in deferred revenue	11,232,000	8,224,000	3,113,000
Service Contract [Member]
Change in operating assets and liabilities:
Increase (decrease) in deferred revenue	$ 24,449,000	$ 12,465,000	$ 1,049,000

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Apr. 30, 2019	13,376,030
Balance at Apr. 30, 2019	$ 134	$ 81,605	$ 409,573	$ (230,902)	$ 100	$ 260,510
Issuance of common stock (in shares)	9,760
Issuance of common stock		190				$ 190
Stock options exercised (in shares)	92,943					121,250
Stock options exercised	$ 1	1,532				$ 1,533
Purchase of treasury shares				(16,009)		(16,009)
Stock based compensation		4,732				4,732
Issuance of restricted stock		500				500
Dividends on subsidiary preferred stock			(40)			(40)
Net income			51,343			51,343
Balance (in shares) at Apr. 30, 2020	13,478,733
Balance at Apr. 30, 2020	$ 135	88,559	460,876	(246,911)	100	302,759
Issuance of common stock (in shares)	2,921
Issuance of common stock		258				$ 258
Stock options exercised (in shares)	110,235					131,350
Stock options exercised	$ 1	4,033				$ 4,034
Purchase of treasury shares				(10,616)		(10,616)
Stock based compensation		5,962				5,962
Dividends on subsidiary preferred stock			(40)			(40)
Net income			104,139			104,139
Balance (in shares) at Apr. 30, 2021	13,591,889
Balance at Apr. 30, 2021	$ 136	98,812	564,975	(257,527)	100	406,496
Issuance of common stock (in shares)	9,721
Issuance of common stock		293				$ 293
Stock options exercised (in shares)	40,575					94,000
Stock options exercised		(1,488)				$ (1,488)
Purchase of treasury shares				(34,698)		(34,698)
Stock based compensation		5,496				5,496
Dividends on subsidiary preferred stock			(40)			(40)
Net income			93,307			93,307
Balance (in shares) at Apr. 30, 2022	13,642,185
Balance at Apr. 30, 2022	$ 136	$ 103,113	$ 658,242	$ (292,225)	$ 100	$ 469,366

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parentheticals) - shares	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Purchase of treasury shares (in shares)	304,204	106,590	182,805

Note A - Organization and Busin

Note A - Organization and Business	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	A - Organization and Business America’s Car-Mart, Inc., a Texas corporation (the “Company”), is one not April 30, 2022,

Note B - Summary of Significant

Note B - Summary of Significant Accounting Policies	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	B - Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of America’s Car-Mart, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated. Segment Information Each dealership is an operating segment with its results regularly reviewed by the Company’s chief operating decision maker in an effort to make decisions about resources to be allocated to the segment and to assess its performance. Individual dealerships meet the aggregation criteria for reporting purposes under the current accounting guidance. The Company operates in the Integrated Auto Sales and Finance segment of the used car market, also referred to as the Integrated Auto Sales and Finance industry. In this industry, the nature of the sale and the financing of the transaction, financing processes, the type of customer and the methods used to distribute the Company’s products and services, including the actual servicing of the contracts as well as the regulatory environment in which the Company operates, all have similar characteristics. Each individual dealership is similar in nature and only engages in the selling and financing of used vehicles. All individual dealerships have similar operating characteristics. As such, individual dealerships have been aggregated into one Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant estimates include, but are not Concentration of Risk The Company provides financing in connection with the sale of substantially all of its vehicles. These sales are made primarily to customers residing in Alabama, Arkansas, Georgia, Illinois, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, and Texas, with approximately 27.4% of revenues resulting from sales to Arkansas customers. As of April 30, 2022, one September 2024. Restrictions on Distributions/Dividends The Company’s revolving credit facilities generally restrict distributions by the Company to its shareholders. The distribution limitations under the credit facilities allow the Company to repurchase the Company’s stock so long as either: (a) the aggregate amount of such repurchases after September 30, 2021 not not twelve Cash Equivalents The Company considers all highly liquid debt instruments purchased with original maturities of three Restricted Cash Restricted cash is related to the financing and securitization transaction discussed below and are held by the securitization trust. Restricted cash from collections on auto finance receivables includes collections of principal, interest, and fee payments on auto finance receivables that are restricted for payment to holders of non-recourse notes payable pursuant to the applicable agreements. The restricted cash on deposit in reserve accounts is for the benefit of holders of non-recourse notes payable and these funds are not Restricted cash consists of the following at April 30, 2022: (In thousands) April 30, 2022 Restricted cash from collections on auto finance receivables $ 24,242 Restricted cash on deposit in reserve accounts 11,429 Restricted Cash $ 35,671 There was no April 30, 2021. Financing and Securitization Transactions The Company utilized a term securitization to provide long-term funding for a portion of the auto finance receivables initially funded through the debt facilities. In these transactions, a pool of auto finance receivables is sold to a special purpose entity that, in turn, transfers the receivables to a special purpose securitization trust. The securitization trust issues asset-backed securities, secured or otherwise supported by the transferred receivables, and the proceeds from the sale of the asset-backed securities are used to finance the securitized receivables. The Company is required to evaluate term securitization trusts for consolidation. In the Company’s role as servicer, it has the power to direct the activities of the trust that most significantly impact the economic performance of the trust. In addition, the obligation to absorb losses (subject to limitations) and the rights to receive any returns of the trust, remain with the Company. Accordingly, the Company is the primary beneficiary of the trust and is required to consolidate it. The Company recognizes transfers of auto finance receivables into the term securitization as secured borrowings, which result in recording the auto finance receivables and the related non-recourse notes payable on our consolidated balance sheet. These auto finance receivables can only be used as collateral to settle obligations of the related non-recourse notes payable. The term securitization investors have no Finance Receivables, Repossessions and Charge-offs and Allowance for Credit Losses The Company originates installment sale contracts from the sale of used vehicles at its dealerships. These installment sale contracts carry an average interest rate of approximately 16.5% using the simple effective interest method including any deferred fees. Contract origination costs are not not April 30, 2022 April 30, 2021 . An account is considered delinquent when the customer is one not may April 30, 2022, 30 April 30, 2021. Substantially all of the Company’s automobile contracts involve contracts made to individuals with impaired or limited credit histories, or higher debt-to-income ratios than permitted by traditional lenders. Contracts made with buyers who are restricted in their ability to obtain financing from traditional lenders generally entail a higher risk of delinquency, default and repossession, and higher losses than contracts made with buyers with better credit. At the time of originating a finance agreement, the Company requires customers to meet certain criteria that demonstrate their intent and ability to pay for the financed principal and interest on the vehicle they are purchasing. However, the Company recognizes that their customer base is at a higher risk of default given their impaired or limited credit histories. The Company strives to keep its delinquency percentages low, and not one three not Periodically, the Company enters into contract modifications with its customers to extend or modify the payment terms. The Company only enters into a contract modification or extension if it believes such action will increase the amount of monies the Company will ultimately realize on the customer’s account and will increase the likelihood of the customer being able to pay off the vehicle contract. At the time of modification, the Company expects to collect amounts due including accrued interest at the contractual interest rate for the period of delay. No third The Company takes steps to repossess a vehicle when the customer becomes delinquent in his or her payments and management determines that timely collection of future payments is not not The Company maintains an allowance for credit losses on an aggregate basis at an amount it considers sufficient to cover losses expected to be incurred on the portfolio at the measurement date. The Company accrues an estimated loss for the amount it believes will not 2022, 19 ● The number of units repossessed or charged-off as a percentage of total units financed over specific historical periods of time from one five ● The average net repossession and charge-off loss per unit during the last eighteen 11 12 12 ● The timing of repossession and charge-off losses relative to the date of sale (i.e., how long it takes for a repossession or charge-off to occur) for repossessions and charge-offs occurring during the last eighteen ● An adjustment to the previous twelve ● A forecast of expect losses for a period of one 19 A historical point loss rate is produced by this analysis which is then adjusted to reflect current conditions and the Company’s reasonable and supportable forecast of expected losses for a period of one In most states, the Company offers retail customers who finance their vehicle the option of purchasing an accident protection plan product as an add-on to the installment sale contract. This product contractually obligates the Company to cancel the remaining principal outstanding for any contract where the retail customer has totaled the vehicle, as defined by the product, or the vehicle has been stolen. The Company periodically evaluates anticipated losses to ensure that if anticipated losses exceed deferred accident protection plan revenues, an additional liability is recorded for such difference. No April 30, 2022 2021. Inventory Inventory consists of used vehicles and is valued at the lower of cost or net realizable value on a specific identification basis. Vehicle reconditioning costs are capitalized as a component of inventory. Repossessed vehicles and trade-in vehicles are recorded at fair value, which approximates wholesale value. The cost of used vehicles sold is determined using the specific identification method. Goodwill Goodwill reflects the excess of purchase price over the fair value of specifically identified net assets purchased. Goodwill and intangible assets deemed to have indefinite lives are not 2022 2021. The Company had $8.6 million and $7.3 April 30, 2022 2021, April 30, 2022 Property and Equipment Property and equipment are stated at cost. Expenditures for additions, remodels and improvements are capitalized. Costs of repairs and maintenance are expensed as incurred. Leasehold improvements are amortized over the shorter of the estimated life of the improvement or the lease period. The lease period includes the primary lease term plus any extensions that are reasonably assured. Depreciation is computed principally using the straight-line method generally over the following estimated useful lives: Furniture, fixtures and equipment (years) 3 to 7 Leasehold improvements (years) 5 to 15 Buildings and improvements (years) 18 to 39 Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not Cash Overdraft As checks are presented for payment from the Company’s primary disbursement bank account, monies are automatically drawn against cash collections for the day and, if necessary, are drawn against one not Deferred Sales Tax Deferred sales tax represents a sales tax liability of the Company for vehicles sold on an installment basis in the states of Alabama and Texas. Under Alabama and Texas law, for vehicles sold on an installment basis, the related sales tax is due as the payments are collected from the customer, rather than at the time of sale. Deferred sales tax liabilities are reflected in accrued liabilities on the Company’s Consolidated Balance Sheets. Income Taxes Income taxes are accounted for under the liability method. Under this method, deferred income tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates expected to apply in the years in which these differences are expected to be recovered or settled. Occasionally, the Company is audited by taxing authorities. These audits could result in proposed assessments of additional taxes. The Company believes that its tax positions comply in all material respects with applicable tax law; however, tax law is subject to interpretation, and interpretations by taxing authorities could be different from those of the Company, which could result in the imposition of additional taxes. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not not 50 The Company is subject to income taxes in the U.S. federal jurisdiction and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no 2018. The Company’s policy is to recognize accrued interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. The Company had no April 30, 2022 2021, Revenue Recognition Revenues are generated principally from the sale of used vehicles, which in most cases includes a service contract and an accident protection plan product, as well as interest income and late fees earned on finance receivables. Revenues are net of taxes collected from customers and remitted to government agencies. Cost of vehicle sales include costs incurred by the Company to prepare the vehicle for sale including license and title costs, gasoline, transport services and repairs. The Company’s performance obligations are clearly identifiable, and the transaction price is explicitly stated on the customers’ contracts. The Company collects payments in accordance with the terms of the customers’ accounts, ranging between 18 54 78’s” Sales consist of the following for the years ended April 30, 2022, 2021 2020: Years Ended April 30, (In thousands) 2022 2021 2020 Sales – used autos $ 927,043 $ 713,925 $ 567,816 Wholesales – third party 51,641 34,286 28,966 Service contract sales 49,154 33,028 31,480 Accident protection plan revenue 32,674 26,826 24,730 Total $ 1,060,512 $ 808,065 $ 652,992 At April 30, 2022 2021, 90 2022, 2021 2020, During the years ended April 30, 2022 2021, April 30, 2021 2020, Advertising Costs Advertising costs are expensed as incurred and consist principally of television, radio, print media and digital marketing costs. Advertising costs amounted to $5.0 million, $2.9 million and $3.1 million for the years ended April 30, 2022, 2021 2020, Employee Benefit Plans The Company has 401 April 30, 2022, 2021 2020, The Company offers employees the right to purchase common shares at a 15% discount from market price under the 2006 October 2006. 15% 2022, 2021 2020 not April 30, 2022. Earnings per Share Basic earnings per share are computed by dividing net income attributable to common stockholders by the average number of common shares outstanding during the period. Diluted earnings per share are computed by dividing net income attributable to common stockholders by the average number of common shares outstanding during the period plus dilutive common stock equivalents. The calculation of diluted earnings per share takes into consideration the potentially dilutive effect of common stock equivalents, such as outstanding stock options and non-vested restricted stock, which if exercised or converted into common stock would then share in the earnings of the Company. In computing diluted earnings per share, the Company utilizes the treasury stock method and anti-dilutive securities are excluded. Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for awards of equity instruments, such as stock options and restricted stock, based on the fair value of those awards at the date of grant over the requisite service period. The Company uses the Black-Scholes option pricing model to determine the fair value of stock option awards. The Company may Treasury Stock The Company purchased 304,204, 106,590, and 182,805 shares of its common stock to be held as treasury stock for a total cost of $34.7 million, $10.6 million and $16.0 million during the years ended April 30, 2022, 2021 2020, may Facility Leases The Company’s leases primarily consist of operating leases related to retail stores, office space, and land. For more information on financing obligations, see Note F. The initial term for real property leases is typically 3 10 one 3 10 April 30, 2022 The ROU asset and the related lease liability are initially measured at the present value of future lease payments over the lease term. As most leases do not April 30, 2022 The Company includes variable lease payments in the initial measurement of ROU assets and lease liabilities only to the extent they depend on an index or rate. Changes in such indices or rates are accounted for in the period the change occurs, and do not not not Recent Accounting Pronouncements Occasionally, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”) or other standard setting bodies which the Company will adopt as of the specified effective date. Unless otherwise discussed, the Company believes the implementation of recently issued standards which are not not Recently Adopted Accounting Pronouncements Reference Rate Reform March 2020, 2020 04, March 12, 2020, December 31, 2022. April 2022, not

Note C - Finance Receivables, N

Note C - Finance Receivables, Net	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Financing Receivables [Text Block]	C - Finance Receivables, Net The Company originates installment sale contracts from the sale of used vehicles at its dealerships. These installment sale contracts, which carry a fixed interest rate of 16.5% per annum (19.5% to 21.5% in Illinois), are collateralized by the vehicle sold and typically provide for payments over periods ranging from 18 54 one one one April 30, 2022 2021 (In thousands) April 30, 2022 April 30, 2021 Gross contract amount $ 1,378,803 $ 980,757 Less unearned finance charges (277,306 ) (171,220 ) Principal balance 1,101,497 809,537 Less allowance for credit losses (247,207 ) (184,418 ) Finance receivables, net $ 854,290 $ 625,119 As of April 30, 2022, 2022, Changes in the finance receivables, net for the years ended April 30, 2022, 2021 2020 Years Ended April 30, (In thousands) 2022 2021 2020 Balance at beginning of period $ 625,119 $ 466,141 $ 415,486 Finance receivable originations 1,009,859 762,716 604,497 Finance receivable collections (417,796 ) (370,254 ) (322,180 ) Provision for credit losses (257,101 ) (163,662 ) (162,246 ) Losses on claims for accident protection plan (21,871 ) (18,954 ) (17,966 ) Inventory acquired in repossession and accident protection plan claims (83,920 ) (50,868 ) (51,450 ) Balance at end of period $ 854,290 $ 625,119 $ 466,141 Changes in the finance receivables allowance for credit losses for the years ended April 30, 2022, 2021 2020 Years Ended April 30, (In thousands) 2022 2021 2020 Balance at beginning of period $ 184,418 $ 155,041 $ 127,842 Provision for credit losses 257,101 163,662 162,246 Charge-offs, net of recovered collateral (194,312 ) (134,285 ) (135,047 ) Balance at end of period $ 247,207 $ 184,418 $ 155,041 Amounts recovered from previously written-off accounts were $2.4 million, $1.9 million, and $1.7 million for the years ended April 30, 2022, 2021 2020, In the first 2020, fourth 2020, 19 2021, fourth 2021 April 30, 2022. The factors which influenced management’s judgment in determining the amount of the current period provision for credit losses are described below. The historical level of actual charge-offs, net of recovered collateral, is the most important factor in determining the provision for credit losses. This is due to the fact that once a contract becomes delinquent the account is either made current by the customer, the vehicle is repossessed, or the account is written off if the collateral cannot be recovered. Net charge-offs as a percentage of average finance receivables were 20.2% for fiscal 2022 2021. Collections and delinquency levels can have a significant effect on additions to the allowance and are reviewed frequently. Principal collections as a percentage of average finance receivables were 43.5% for the year ended April 30, 2022, April 30, 2021. 2021 30 April 30, 2022 April 30, 2021. In addition to the objective factors discussed above, the Company also considers macro-economic factors that would affect its customers non-discretionary income, such as changes in unemployment levels, gasoline prices, and prices for staple items to develop reasonable and supportable forecasts for the lifetime expected losses. These economic forecasts are utilized alongside historical loss information in order to estimate expected losses in the portfolio over the following twelve Credit quality information for finance receivables is as follows: (Dollars in thousands) April 30, 2022 April 30, 2021 Principal Percent of Principal Percent of Balance Portfolio Balance Portfolio Current $ 958,808 87.05 % $ 717,520 88.64 % 3 - 29 days past due 109,873 9.97 % 71,269 8.80 % 30 - 60 days past due 22,477 2.04 % 13,058 1.61 % 61 - 90 days past due 7,360 0.67 % 5,551 0.69 % > 90 days past due 2,979 0.27 % 2,139 0.26 % Total $ 1,101,497 100.00 % $ 809,537 100.00 % Accounts one two may Substantially all of the Company’s automobile contracts involve contracts made to individuals with impaired or limited credit histories, or higher debt-to-income ratios than permitted by traditional lenders. Contracts made with buyers who are restricted in their ability to obtain financing from traditional lenders generally entail a higher risk of delinquency, default and repossession, and higher losses than contracts made with buyers with better credit. The Company monitors customer scores, contract term length, down payment percentages, and collections for credit quality indicators. Twelve Months Ended 2022 2021 Average total collected per active customer per month $ 513 $ 478 Principal collected as a percent of average finance receivables 43.5 % 53.2 % Average down-payment percentage 6.4 % 7.1 % Average originating contract term (in months 40.2 34.6 April 30, 2022 April 30, 2021 Portfolio weighted average contract term, including modifications (in months 42.9 37.3 Collections remained strong with the reduction of principal collected in line with the expected change due to the average term increases. The prior year fiscal fourth 2021. When customers apply for financing, the Company’s proprietary scoring models rely on the customers’ credit histories and certain application information to evaluate and rank their risk. The Company obtains credit histories and other credit data that includes information such as number of different addresses, age of oldest record, high risk credit activity, job time, time at residence and other factors. The application information that is used includes income, collateral value and down payment. The scoring models yield credit grades that represent the relative likelihood of repayment. Customers with the highest probability of repayment are 6 not The Company uses a combination of the initial credit grades and historical performance to monitor the credit quality of the finance receivables on an ongoing basis, and the accuracy of the scoring model is validated periodically. Loan performance is reviewed on a recurring basis to identify whether the assigned grades adequately reflect the customers’ likelihood of repayment. The following table presents a summary of finance receivables by credit quality indicator, as of April 30, 2022 Customer Score by Fiscal Year of Origination Prior to (Dollars in thousands) 2022 2021 2020 2019 2018 2018 Total % 1-2 $ 37,916 $ 11,493 $ 2,221 $ 77 $ - $ 2 $ 51,709 4.7 % 3-4 260,298 84,118 13,537 587 14 15 358,569 32.5 % 5-6 488,257 172,843 28,193 1,803 115 8 691,219 62.8 % Total $ 786,471 $ 268,454 $ 43,951 $ 2,467 $ 129 $ 25 $ 1,101,497 100.0 % The following table presents a summary of finance receivables by credit quality indicator, as of April 30, 2021 Customer Score by Fiscal Year of Origination Prior to (Dollars in thousands) 2021 2020 2019 2018 2017 2017 Total % 1-2 $ 32,946 $ 11,967 $ 1,229 $ 63 $ 8 $ - $ 46,213 5.7 % 3-4 211,939 66,524 8,299 491 26 8 287,287 35.5 % 5-6 346,461 108,576 19,006 1,868 121 5 476,037 58.8 % Total $ 591,346 $ 187,067 $ 28,534 $ 2,422 $ 155 $ 13 $ 809,537 100.0 %

Note D - Property and Equipment

Note D - Property and Equipment	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	D - Property and Equipment A summary of property and equipment is as follows: (In thousands) April 30, 2022 April 30, 2021 Land $ 11,749 $ 7,594 Buildings and improvements 13,876 13,717 Furniture, fixtures and equipment 16,189 15,401 Leasehold improvements 36,392 33,450 Construction in progress 14,234 2,421 Accumulated depreciation and amortization (41,002 ) (37,864 ) Property and equipment, net $ 51,438 $ 34,719

Note E - Accrued Liabilities

Note E - Accrued Liabilities	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	E - Accrued Liabilities A summary of accrued liabilities is as follows: (In thousands) April 30, 2022 April 30, 2021 Employee compensation and benefits $ 12,865 $ 14,664 Cash overdrafts (see Note B) - 1,802 Deferred sales tax (see Note B) 7,388 5,904 Reserve for accident protection plan claims 4,761 3,737 Fair value of contingent consideration 3,544 3,175 Other 4,072 1,996 Accrued liabilities $ 32,630 $ 31,278

Note F - Debt

Note F - Debt	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	F Debt A summary of debt is as follows: (In thousands) 2022 2021 Revolving line of credit $ 46,674 $ 226,602 Debt issuance costs (2,004 ) (678 ) Revolving line of credit, net $ 44,670 $ 225,924 Non-recourse notes payable $ 399,994 $ - Debt issuance costs (4,008 ) - Non-recourse notes payable, net $ 395,986 $ - Total debt $ 440,656 $ 225,924 Revolving Line of Credit On September 30, 2019, September 30, 2022 On October 29, 2020, No. 1 No. 1, not 60 Amendment No. 1 No. 1 one not No. 1 one On December 31, 2020, $241 On February 10, 2021, No. 2 On September 29, 2021, No. 3 September 29, 2024 No. 3 On April 22, 2022, No. 4 No. 4 50% The revolving credit facilities are collateralized primarily by finance receivables and inventory, are cross collateralized and contain a guarantee by the Company. Interest is payable monthly under the revolving credit facilities. The credit facilities provide for four April 30, 2022 2021, The Company was in compliance with the covenants at April 30, 2022. April 30, 2022, The Company recognized $775,000, $391,000 and $273,000 of amortization for the twelve April 30, 2022, 2021 2020, During the years ended April 30, 2022 April 30, 2021, April 30, 2022 2021, Non-Recourse Notes Payable The non-recourse notes payable were issued in four April 27, 2022 not April 20, 2029, may

Note G - Fair Value Measurement

Note G - Fair Value Measurements	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	G Fair Value Measurements April 30, 2022 April 30, 2021 (In thousands) Carrying Fair Carrying Fair Cash and cash equivalents $ 6,916 $ 6,916 $ 2,893 $ 2,893 Restricted cash 35,671 35,671 - - Finance receivables, net 854,290 677,421 625,119 497,865 Accounts payable 20,055 20,055 18,208 18,208 Revolving line of credit 44,670 44,670 225,924 225,924 Non-recourse notes payable 395,986 395,986 - - Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements ASC Topic 820 820 three may ● Level 1 Inputs ● Level 2 1 not ● Level 3 no Because no Financial Instrument Valuation Methodology Cash, cash equivalents, and restricted cash The carrying amount is considered to be a reasonable estimate of fair value due to the short-term nature of the financial instruments (Level 1 Finance receivables, net The Company estimated the fair value of its receivables at what a third third third January 2019 third 2 Accounts payable The carrying amount is considered to be a reasonable estimate of fair value due to the short-term nature of the financial instrument (Level 2 Revolving line of credit The fair value approximates carrying value due to the variable interest rates charged on the borrowings, which reprice frequently (Level 2 Non-recourse notes payable The fair value was based upon inputs derived from prices for similar instruments at period end. The estimated fair values, and related carrying amounts, of the financial instruments included in the Company’s financial statements at April 30, 2022 2021 April 30, 2022 April 30, 2021 (In thousands) Carrying Fair Carrying Fair Cash and cash equivalents $ 6,916 $ 6,916 $ 2,893 $ 2,893 Restricted cash 35,671 35,671 - - Finance receivables, net 854,290 677,421 625,119 497,865 Accounts payable 20,055 20,055 18,208 18,208 Revolving line of credit 44,670 44,670 225,924 225,924 Non-recourse notes payable 395,986 395,986 - -

Note H - Income Taxes

Note H - Income Taxes	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	H - Income Taxes The provision for income taxes was as follows: Years Ended April 30, (In thousands) 2022 2021 2020 Provision for income taxes Current $ 18,869 $ 23,274 $ 14,288 Deferred 8,226 7,028 (1,280 ) Total $ 27,095 $ 30,302 $ 13,008 The provision for income taxes is different from the amount computed by applying the statutory federal income tax rate to income before income taxes for the following reasons: Years Ended April 30, (In thousands) 2022 2021 2020 Tax provision at statutory rate $ 25,284 $ 28,233 $ 13,514 State taxes, net of federal benefit 3,612 4,033 1,931 Tax benefit from option exercises (1,356 ) (1,401 ) (1,498 ) Other, net (445 ) (563 ) (939 ) Total $ 27,095 $ 30,302 $ 13,008 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred income tax assets and liabilities were as follows: Years Ended April 30, (In thousands) 2022 2021 Deferred income tax liabilities related to: Finance receivables $ 35,466 $ 26,373 Property and equipment 1,368 372 Goodwill 194 141 Total 37,028 26,886 Deferred income tax assets related to: Accrued liabilities 2,524 2,140 Inventory 316 213 Share based compensation 3,561 3,109 State net operating loss 168 42 Deferred revenue 2,226 1,375 Total 8,795 6,879 Deferred income tax liabilities, net $ 28,233 $ 20,007

Note I - Capital Stock

Note I - Capital Stock	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	I Capital Stock The Company is authorized to issue up to 50,000,000 shares of common stock, par value $0.01 may one not A subsidiary of the Company has issued 500,000 shares of $1.00 par value preferred stock which carries an 8% cumulative dividend. The Company’s subsidiary can redeem the preferred stock at any time at par value plus any unpaid dividends. After April 30, 2017,

Note J - Weighted Average Share

Note J - Weighted Average Shares Outstanding	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Weighted Average Shares Outstanding [Text Block]	J Weighted Average Shares Outstanding Weighted average shares of common stock outstanding used in the calculation of basic and diluted earnings per share were as follows: Years Ended April 30, 2022 2021 2020 Weighted average shares outstanding-basic 6,509,673 6,628,749 6,630,023 Dilutive options and restricted stock 313,808 332,826 315,629 Weighted average shares outstanding-diluted 6,823,481 6,961,575 6,945,652 Antidilutive securities not included: Options 120,000 152,500 118,750 Restricted Stock 4,784 2,479 7,224

Note K - Stock-based Compensati

Note K - Stock-based Compensation Plans	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	K Stock-Based Compensation Plans The Company has stock-based compensation plans available to grant non-qualified stock options, incentive stock options and restricted stock to employees, directors and certain advisors of the Company. The current stock-based compensation plans being utilized at April 30, 2022 April 30, 2022, 2021 2020, Stock Option Plan The Company has options outstanding under a stock option plan approved by the shareholders, the Amended and Restated Stock Option Plan. The shareholders of the Company approved the Amended and Restated Stock Option Plan (the “Restated Option Plan”) on August 5, 2015, June 10, 2025 August 29, 2018, August 26, 2020, 200,000 not not ten 2022 2031. Restated Option Plan Minimum exercise price as a percentage of fair market value at date of grant 100% Last expiration date for outstanding options May 1, 2031 Shares available for grant at April 30, 2022 215,000 The aggregate intrinsic value of outstanding options at April 30, 2022 2021 The fair value of options granted is estimated on the date of grant using the Black-Scholes option pricing model based on the assumptions in the table below. April 30, 2022 April 30, 2021 April 30, 2020 Expected terms (years) 5.5 5.5 5.5 Risk-free interest rate 0.86% 0.36% 1.75% Volatility 51% 50% 39% Dividend yield - - - The expected term of the options is based on evaluations of historical and expected future employee exercise behavior. The risk-free interest rate is based on the U.S. Treasury rates at the date of grant with maturity dates approximately equal to the expected life at the grant date. Volatility is based on historical volatility of the Company’s common stock. The Company has not not There were 30,000 options granted during each of fiscal 2022 2021. 2022, 2021 2020 three five The following is an aggregate summary of the activity in the Company’s stock option plans from April 30, 2019 April 30, 2022: Number Exercise Proceeds Weighted Average of Price on Exercise Price per Options per Share Exercise Share (in thousands) Outstanding at April 30, 2019 565,500 $ 26,087 $ 46.13 Granted 225,000 99.05 109.06 24,287 107.95 Exercised (121,250 ) 22.87 53.02 (4,517 ) 37.25 Cancelled (1,500 ) $ 53.02 (80 ) 53.02 Outstanding at April 30, 2020 667,750 $ 45,777 $ 68.55 Granted 30,000 $ 65.95 30 65.95 Exercised (131,350 ) 24.69 99.05 (6,730 ) 51.24 Outstanding at April 30, 2021 566,400 $ 39,077 $ 72.43 Granted 30,000 $ 150.83 30 150.83 Exercised (94,000 ) 26.37 150.83 (6,276 ) 66.76 Cancelled (1,000 ) $ 41.86 (42 ) $ 41.86 Outstanding at April 30, 2022 501,400 $ 32,789 Stock option compensation expense on a pre-tax basis was $4.5 million ($3.4 million after tax effects), $3.9 million ($3.0 million after tax effects) and $3.6 million ($2.9 million after tax effects) for the years ended April 30, 2022, 2021 2020, April 30, 2022, The Company had the following options exercised for the periods indicated. The impact of these cash receipts is included in financing activities in the accompanying Consolidated Statements of Cash Flows. Years Ended April 30, (Dollars in thousands) 2022 2021 2020 Options Exercised 94,000 131,350 121,250 Cash Received from Options Exercised $ 591 $ 5,120 $ 2,928 Intrinsic Value of Options Exercised $ 7,124 $ 7,894 $ 7,580 During the year ended April 30, 2022, As of April 30, 2022, Stock Incentive Plan On August 5, 2015, June 10, 2025. August 29, 2018, may The following is a summary of the activity in the Company’s Stock Incentive Plan: Number Weighted Average Unvested shares at April 30, 2019 180,500 $ 46.16 Shares granted 12,328 102.03 Shares vested (7,000 ) 52.10 Shares cancelled (1,000 ) 37.07 Unvested shares at April 30, 2020 184,828 $ 49.71 Shares granted 7,690 98.43 Shares vested - - Shares cancelled (500 ) 35.00 Unvested shares at April 30, 2021 192,018 $ 51.70 Shares granted 11,287 121.17 Shares vested (6,500 ) 39.14 Shares cancelled (15,691 ) 59.99 Unvested shares at April 30, 2022 181,114 $ 55.76 The fair value at vesting for awards under the stock incentive plan was $10.1 million, $9.9 million, and $9.2 million in fiscal 2022, 2021 2020, During the fiscal year 2022, 2021, 2020, April 30, 2022. The Company recorded compensation cost of approximately $981,000 ($749,000 after tax effects), $1.1 million ($878,000 after tax effects) and $1.1 million ($839,000 after tax effects) related to the Restated Incentive Plan during the years ended April 30, 2022, 2021 2020, April 30, 2022,

Note L - Commitments and Contin

Note L - Commitments and Contingencies	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	L - Commitments and Contingencies Letter of Credit The Company has two April 30, 2022. Facility Leases The Company leases certain dealership and office facilities under various non-cancelable operating leases. Dealership leases are generally for periods from three five April 30, 2022, Years Ending Amount April 30, (In thousands) 2023 $ 7,532 2024 7,025 2025 6,893 2026 6,376 2027 5,852 Thereafter 48,271 Total undiscounted operating lease payments 81,949 Less: imputed interest 20,468 Present value of operating lease liabilities $ 61,481 The $81.9 million of operating lease commitments includes $18.0 million of non-cancelable lease commitments under the lease terms, and $63.9 million of lease commitments for renewal periods at the Company’s option that are reasonably assured. For the years ended April 30, 2022, 2021 2020, 2022 Litigation In the ordinary course of business, the Company has become a defendant in various types of legal proceedings. The Company does not one Related Finance Company Car-Mart of Arkansas and Colonial do not

Note M - Supplemental Cash Flow

Note M - Supplemental Cash Flow Information	12 Months Ended
	Apr. 30, 2022
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	M - Supplemental Cash Flow Information Supplemental cash flow disclosures for the years ended April 30, 2022, 2021 2020 Years Ended April 30, (in thousands) 2022 2021 2020 Supplemental disclosures: Interest paid $ 10,421 $ 7,029 $ 8,152 Income taxes paid, net 19,238 26,964 8,505 Non-cash transactions: Inventory acquired in repossession and accident protection plan claims 83,919 50,868 51,450 Loss accrued on disposal of property and equipment - - 3 Net settlement option exercises 5,685 1,610 1,589

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Apr. 30, 2022
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of America’s Car-Mart, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated.
Segment Reporting, Policy [Policy Text Block]	Segment Information Each dealership is an operating segment with its results regularly reviewed by the Company’s chief operating decision maker in an effort to make decisions about resources to be allocated to the segment and to assess its performance. Individual dealerships meet the aggregation criteria for reporting purposes under the current accounting guidance. The Company operates in the Integrated Auto Sales and Finance segment of the used car market, also referred to as the Integrated Auto Sales and Finance industry. In this industry, the nature of the sale and the financing of the transaction, financing processes, the type of customer and the methods used to distribute the Company’s products and services, including the actual servicing of the contracts as well as the regulatory environment in which the Company operates, all have similar characteristics. Each individual dealership is similar in nature and only engages in the selling and financing of used vehicles. All individual dealerships have similar operating characteristics. As such, individual dealerships have been aggregated into one
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant estimates include, but are not
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Risk The Company provides financing in connection with the sale of substantially all of its vehicles. These sales are made primarily to customers residing in Alabama, Arkansas, Georgia, Illinois, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, and Texas, with approximately 27.4% of revenues resulting from sales to Arkansas customers. As of April 30, 2022, one September 2024.
Line of Credit Facility, Dividend Restrictions [Policy Text Block]	Restrictions on Distributions/Dividends The Company’s revolving credit facilities generally restrict distributions by the Company to its shareholders. The distribution limitations under the credit facilities allow the Company to repurchase the Company’s stock so long as either: (a) the aggregate amount of such repurchases after September 30, 2021 not not twelve
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents The Company considers all highly liquid debt instruments purchased with original maturities of three
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash Restricted cash is related to the financing and securitization transaction discussed below and are held by the securitization trust. Restricted cash from collections on auto finance receivables includes collections of principal, interest, and fee payments on auto finance receivables that are restricted for payment to holders of non-recourse notes payable pursuant to the applicable agreements. The restricted cash on deposit in reserve accounts is for the benefit of holders of non-recourse notes payable and these funds are not Restricted cash consists of the following at April 30, 2022: (In thousands) April 30, 2022 Restricted cash from collections on auto finance receivables $ 24,242 Restricted cash on deposit in reserve accounts 11,429 Restricted Cash $ 35,671 There was no April 30, 2021.
Financing and Securitization Transactions Policy [Policy Text Block]	Financing and Securitization Transactions The Company utilized a term securitization to provide long-term funding for a portion of the auto finance receivables initially funded through the debt facilities. In these transactions, a pool of auto finance receivables is sold to a special purpose entity that, in turn, transfers the receivables to a special purpose securitization trust. The securitization trust issues asset-backed securities, secured or otherwise supported by the transferred receivables, and the proceeds from the sale of the asset-backed securities are used to finance the securitized receivables. The Company is required to evaluate term securitization trusts for consolidation. In the Company’s role as servicer, it has the power to direct the activities of the trust that most significantly impact the economic performance of the trust. In addition, the obligation to absorb losses (subject to limitations) and the rights to receive any returns of the trust, remain with the Company. Accordingly, the Company is the primary beneficiary of the trust and is required to consolidate it. The Company recognizes transfers of auto finance receivables into the term securitization as secured borrowings, which result in recording the auto finance receivables and the related non-recourse notes payable on our consolidated balance sheet. These auto finance receivables can only be used as collateral to settle obligations of the related non-recourse notes payable. The term securitization investors have no
Financing Receivable [Policy Text Block]	Finance Receivables, Repossessions and Charge-offs and Allowance for Credit Losses The Company originates installment sale contracts from the sale of used vehicles at its dealerships. These installment sale contracts carry an average interest rate of approximately 16.5% using the simple effective interest method including any deferred fees. Contract origination costs are not not April 30, 2022 April 30, 2021 . An account is considered delinquent when the customer is one not may April 30, 2022, 30 April 30, 2021. Substantially all of the Company’s automobile contracts involve contracts made to individuals with impaired or limited credit histories, or higher debt-to-income ratios than permitted by traditional lenders. Contracts made with buyers who are restricted in their ability to obtain financing from traditional lenders generally entail a higher risk of delinquency, default and repossession, and higher losses than contracts made with buyers with better credit. At the time of originating a finance agreement, the Company requires customers to meet certain criteria that demonstrate their intent and ability to pay for the financed principal and interest on the vehicle they are purchasing. However, the Company recognizes that their customer base is at a higher risk of default given their impaired or limited credit histories. The Company strives to keep its delinquency percentages low, and not one three not Periodically, the Company enters into contract modifications with its customers to extend or modify the payment terms. The Company only enters into a contract modification or extension if it believes such action will increase the amount of monies the Company will ultimately realize on the customer’s account and will increase the likelihood of the customer being able to pay off the vehicle contract. At the time of modification, the Company expects to collect amounts due including accrued interest at the contractual interest rate for the period of delay. No third The Company takes steps to repossess a vehicle when the customer becomes delinquent in his or her payments and management determines that timely collection of future payments is not not The Company maintains an allowance for credit losses on an aggregate basis at an amount it considers sufficient to cover losses expected to be incurred on the portfolio at the measurement date. The Company accrues an estimated loss for the amount it believes will not 2022, 19 ● The number of units repossessed or charged-off as a percentage of total units financed over specific historical periods of time from one five ● The average net repossession and charge-off loss per unit during the last eighteen 11 12 12 ● The timing of repossession and charge-off losses relative to the date of sale (i.e., how long it takes for a repossession or charge-off to occur) for repossessions and charge-offs occurring during the last eighteen ● An adjustment to the previous twelve ● A forecast of expect losses for a period of one 19 A historical point loss rate is produced by this analysis which is then adjusted to reflect current conditions and the Company’s reasonable and supportable forecast of expected losses for a period of one In most states, the Company offers retail customers who finance their vehicle the option of purchasing an accident protection plan product as an add-on to the installment sale contract. This product contractually obligates the Company to cancel the remaining principal outstanding for any contract where the retail customer has totaled the vehicle, as defined by the product, or the vehicle has been stolen. The Company periodically evaluates anticipated losses to ensure that if anticipated losses exceed deferred accident protection plan revenues, an additional liability is recorded for such difference. No April 30, 2022 2021.
Inventory, Policy [Policy Text Block]	Inventory Inventory consists of used vehicles and is valued at the lower of cost or net realizable value on a specific identification basis. Vehicle reconditioning costs are capitalized as a component of inventory. Repossessed vehicles and trade-in vehicles are recorded at fair value, which approximates wholesale value. The cost of used vehicles sold is determined using the specific identification method.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill Goodwill reflects the excess of purchase price over the fair value of specifically identified net assets purchased. Goodwill and intangible assets deemed to have indefinite lives are not 2022 2021. The Company had $8.6 million and $7.3 April 30, 2022 2021, April 30, 2022
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are stated at cost. Expenditures for additions, remodels and improvements are capitalized. Costs of repairs and maintenance are expensed as incurred. Leasehold improvements are amortized over the shorter of the estimated life of the improvement or the lease period. The lease period includes the primary lease term plus any extensions that are reasonably assured. Depreciation is computed principally using the straight-line method generally over the following estimated useful lives: Furniture, fixtures and equipment (years) 3 to 7 Leasehold improvements (years) 5 to 15 Buildings and improvements (years) 18 to 39 Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not
Cash Overdraft [Policy Text Block]	Cash Overdraft As checks are presented for payment from the Company’s primary disbursement bank account, monies are automatically drawn against cash collections for the day and, if necessary, are drawn against one not
Deferred Sales Tax [Policy Text Block]	Deferred Sales Tax Deferred sales tax represents a sales tax liability of the Company for vehicles sold on an installment basis in the states of Alabama and Texas. Under Alabama and Texas law, for vehicles sold on an installment basis, the related sales tax is due as the payments are collected from the customer, rather than at the time of sale. Deferred sales tax liabilities are reflected in accrued liabilities on the Company’s Consolidated Balance Sheets.
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are accounted for under the liability method. Under this method, deferred income tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates expected to apply in the years in which these differences are expected to be recovered or settled. Occasionally, the Company is audited by taxing authorities. These audits could result in proposed assessments of additional taxes. The Company believes that its tax positions comply in all material respects with applicable tax law; however, tax law is subject to interpretation, and interpretations by taxing authorities could be different from those of the Company, which could result in the imposition of additional taxes. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not not 50 The Company is subject to income taxes in the U.S. federal jurisdiction and various state jurisdictions. Tax regulations within each jurisdiction are subject to the interpretation of the related tax laws and regulations and require significant judgment to apply. With few exceptions, the Company is no 2018. The Company’s policy is to recognize accrued interest related to unrecognized tax benefits in interest expense and penalties in operating expenses. The Company had no April 30, 2022 2021,
Revenue [Policy Text Block]	Revenue Recognition Revenues are generated principally from the sale of used vehicles, which in most cases includes a service contract and an accident protection plan product, as well as interest income and late fees earned on finance receivables. Revenues are net of taxes collected from customers and remitted to government agencies. Cost of vehicle sales include costs incurred by the Company to prepare the vehicle for sale including license and title costs, gasoline, transport services and repairs. The Company’s performance obligations are clearly identifiable, and the transaction price is explicitly stated on the customers’ contracts. The Company collects payments in accordance with the terms of the customers’ accounts, ranging between 18 54 78’s” Sales consist of the following for the years ended April 30, 2022, 2021 2020: Years Ended April 30, (In thousands) 2022 2021 2020 Sales – used autos $ 927,043 $ 713,925 $ 567,816 Wholesales – third party 51,641 34,286 28,966 Service contract sales 49,154 33,028 31,480 Accident protection plan revenue 32,674 26,826 24,730 Total $ 1,060,512 $ 808,065 $ 652,992 At April 30, 2022 2021, 90 2022, 2021 2020, During the years ended April 30, 2022 2021, April 30, 2021 2020,
Advertising Cost [Policy Text Block]	Advertising Costs Advertising costs are expensed as incurred and consist principally of television, radio, print media and digital marketing costs. Advertising costs amounted to $5.0 million, $2.9 million and $3.1 million for the years ended April 30, 2022, 2021 2020,
Postemployment Benefit Plans, Policy [Policy Text Block]	Employee Benefit Plans The Company has 401 April 30, 2022, 2021 2020, The Company offers employees the right to purchase common shares at a 15% discount from market price under the 2006 October 2006. 15% 2022, 2021 2020 not April 30, 2022.
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share Basic earnings per share are computed by dividing net income attributable to common stockholders by the average number of common shares outstanding during the period. Diluted earnings per share are computed by dividing net income attributable to common stockholders by the average number of common shares outstanding during the period plus dilutive common stock equivalents. The calculation of diluted earnings per share takes into consideration the potentially dilutive effect of common stock equivalents, such as outstanding stock options and non-vested restricted stock, which if exercised or converted into common stock would then share in the earnings of the Company. In computing diluted earnings per share, the Company utilizes the treasury stock method and anti-dilutive securities are excluded.
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for awards of equity instruments, such as stock options and restricted stock, based on the fair value of those awards at the date of grant over the requisite service period. The Company uses the Black-Scholes option pricing model to determine the fair value of stock option awards. The Company may
Treasury Stock [Policy Text Block]	Treasury Stock The Company purchased 304,204, 106,590, and 182,805 shares of its common stock to be held as treasury stock for a total cost of $34.7 million, $10.6 million and $16.0 million during the years ended April 30, 2022, 2021 2020, may
Lessee, Leases [Policy Text Block]	Facility Leases The Company’s leases primarily consist of operating leases related to retail stores, office space, and land. For more information on financing obligations, see Note F. The initial term for real property leases is typically 3 10 one 3 10 April 30, 2022 The ROU asset and the related lease liability are initially measured at the present value of future lease payments over the lease term. As most leases do not April 30, 2022 The Company includes variable lease payments in the initial measurement of ROU assets and lease liabilities only to the extent they depend on an index or rate. Changes in such indices or rates are accounted for in the period the change occurs, and do not not not
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Occasionally, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”) or other standard setting bodies which the Company will adopt as of the specified effective date. Unless otherwise discussed, the Company believes the implementation of recently issued standards which are not not Recently Adopted Accounting Pronouncements Reference Rate Reform March 2020, 2020 04, March 12, 2020, December 31, 2022. April 2022, not

Note B - Summary of Significa_2

Note B - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Apr. 30, 2022
Notes Tables
Restrictions on Cash and Cash Equivalents [Table Text Block]	(In thousands) April 30, 2022 Restricted cash from collections on auto finance receivables $ 24,242 Restricted cash on deposit in reserve accounts 11,429 Restricted Cash $ 35,671
Property, Plant, and Equipment Useful Life [Table Text Block]	Furniture, fixtures and equipment (years) 3 to 7 Leasehold improvements (years) 5 to 15 Buildings and improvements (years) 18 to 39
Revenue from External Customers by Products and Services [Table Text Block]	Years Ended April 30, (In thousands) 2022 2021 2020 Sales – used autos $ 927,043 $ 713,925 $ 567,816 Wholesales – third party 51,641 34,286 28,966 Service contract sales 49,154 33,028 31,480 Accident protection plan revenue 32,674 26,826 24,730 Total $ 1,060,512 $ 808,065 $ 652,992

Note C - Finance Receivables,_2

Note C - Finance Receivables, Net (Tables)	12 Months Ended
	Apr. 30, 2022
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(In thousands) April 30, 2022 April 30, 2021 Gross contract amount $ 1,378,803 $ 980,757 Less unearned finance charges (277,306 ) (171,220 ) Principal balance 1,101,497 809,537 Less allowance for credit losses (247,207 ) (184,418 ) Finance receivables, net $ 854,290 $ 625,119
Change In Finance Receivables Net [Table Text Block]	Years Ended April 30, (In thousands) 2022 2021 2020 Balance at beginning of period $ 625,119 $ 466,141 $ 415,486 Finance receivable originations 1,009,859 762,716 604,497 Finance receivable collections (417,796 ) (370,254 ) (322,180 ) Provision for credit losses (257,101 ) (163,662 ) (162,246 ) Losses on claims for accident protection plan (21,871 ) (18,954 ) (17,966 ) Inventory acquired in repossession and accident protection plan claims (83,920 ) (50,868 ) (51,450 ) Balance at end of period $ 854,290 $ 625,119 $ 466,141
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Years Ended April 30, (In thousands) 2022 2021 2020 Balance at beginning of period $ 184,418 $ 155,041 $ 127,842 Provision for credit losses 257,101 163,662 162,246 Charge-offs, net of recovered collateral (194,312 ) (134,285 ) (135,047 ) Balance at end of period $ 247,207 $ 184,418 $ 155,041
Financing Receivable, Past Due [Table Text Block]	(Dollars in thousands) April 30, 2022 April 30, 2021 Principal Percent of Principal Percent of Balance Portfolio Balance Portfolio Current $ 958,808 87.05 % $ 717,520 88.64 % 3 - 29 days past due 109,873 9.97 % 71,269 8.80 % 30 - 60 days past due 22,477 2.04 % 13,058 1.61 % 61 - 90 days past due 7,360 0.67 % 5,551 0.69 % > 90 days past due 2,979 0.27 % 2,139 0.26 % Total $ 1,101,497 100.00 % $ 809,537 100.00 %
Financing Receivable Credit Quality Indicators [Table Text Block]	Twelve Months Ended 2022 2021 Average total collected per active customer per month $ 513 $ 478 Principal collected as a percent of average finance receivables 43.5 % 53.2 % Average down-payment percentage 6.4 % 7.1 % Average originating contract term (in months 40.2 34.6 April 30, 2022 April 30, 2021 Portfolio weighted average contract term, including modifications (in months 42.9 37.3
Schedule of Financing Receivable by Fiscal Year of Origination [Table Text Block]	Customer Score by Fiscal Year of Origination Prior to (Dollars in thousands) 2022 2021 2020 2019 2018 2018 Total % 1-2 $ 37,916 $ 11,493 $ 2,221 $ 77 $ - $ 2 $ 51,709 4.7 % 3-4 260,298 84,118 13,537 587 14 15 358,569 32.5 % 5-6 488,257 172,843 28,193 1,803 115 8 691,219 62.8 % Total $ 786,471 $ 268,454 $ 43,951 $ 2,467 $ 129 $ 25 $ 1,101,497 100.0 % Customer Score by Fiscal Year of Origination Prior to (Dollars in thousands) 2021 2020 2019 2018 2017 2017 Total % 1-2 $ 32,946 $ 11,967 $ 1,229 $ 63 $ 8 $ - $ 46,213 5.7 % 3-4 211,939 66,524 8,299 491 26 8 287,287 35.5 % 5-6 346,461 108,576 19,006 1,868 121 5 476,037 58.8 % Total $ 591,346 $ 187,067 $ 28,534 $ 2,422 $ 155 $ 13 $ 809,537 100.0 %

Note D - Property and Equipme_2

Note D - Property and Equipment (Tables)	12 Months Ended
	Apr. 30, 2022
Notes Tables
Property, Plant and Equipment [Table Text Block]	(In thousands) April 30, 2022 April 30, 2021 Land $ 11,749 $ 7,594 Buildings and improvements 13,876 13,717 Furniture, fixtures and equipment 16,189 15,401 Leasehold improvements 36,392 33,450 Construction in progress 14,234 2,421 Accumulated depreciation and amortization (41,002 ) (37,864 ) Property and equipment, net $ 51,438 $ 34,719

Note E - Accrued Liabilities (T

Note E - Accrued Liabilities (Tables)	12 Months Ended
	Apr. 30, 2022
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	(In thousands) April 30, 2022 April 30, 2021 Employee compensation and benefits $ 12,865 $ 14,664 Cash overdrafts (see Note B) - 1,802 Deferred sales tax (see Note B) 7,388 5,904 Reserve for accident protection plan claims 4,761 3,737 Fair value of contingent consideration 3,544 3,175 Other 4,072 1,996 Accrued liabilities $ 32,630 $ 31,278

Note F - Debt (Tables)

Note F - Debt (Tables)	12 Months Ended
	Apr. 30, 2022
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	(In thousands) 2022 2021 Revolving line of credit $ 46,674 $ 226,602 Debt issuance costs (2,004 ) (678 ) Revolving line of credit, net $ 44,670 $ 225,924 Non-recourse notes payable $ 399,994 $ - Debt issuance costs (4,008 ) - Non-recourse notes payable, net $ 395,986 $ - Total debt $ 440,656 $ 225,924

Note G - Fair Value Measureme_2

Note G - Fair Value Measurements (Tables)	12 Months Ended
	Apr. 30, 2022
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	April 30, 2022 April 30, 2021 (In thousands) Carrying Fair Carrying Fair Cash and cash equivalents $ 6,916 $ 6,916 $ 2,893 $ 2,893 Restricted cash 35,671 35,671 - - Finance receivables, net 854,290 677,421 625,119 497,865 Accounts payable 20,055 20,055 18,208 18,208 Revolving line of credit 44,670 44,670 225,924 225,924 Non-recourse notes payable 395,986 395,986 - - April 30, 2022 April 30, 2021 (In thousands) Carrying Fair Carrying Fair Cash and cash equivalents $ 6,916 $ 6,916 $ 2,893 $ 2,893 Restricted cash 35,671 35,671 - - Finance receivables, net 854,290 677,421 625,119 497,865 Accounts payable 20,055 20,055 18,208 18,208 Revolving line of credit 44,670 44,670 225,924 225,924 Non-recourse notes payable 395,986 395,986 - -

Note H - Income Taxes (Tables)

Note H - Income Taxes (Tables)	12 Months Ended
	Apr. 30, 2022
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years Ended April 30, (In thousands) 2022 2021 2020 Provision for income taxes Current $ 18,869 $ 23,274 $ 14,288 Deferred 8,226 7,028 (1,280 ) Total $ 27,095 $ 30,302 $ 13,008
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years Ended April 30, (In thousands) 2022 2021 2020 Tax provision at statutory rate $ 25,284 $ 28,233 $ 13,514 State taxes, net of federal benefit 3,612 4,033 1,931 Tax benefit from option exercises (1,356 ) (1,401 ) (1,498 ) Other, net (445 ) (563 ) (939 ) Total $ 27,095 $ 30,302 $ 13,008
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Years Ended April 30, (In thousands) 2022 2021 Deferred income tax liabilities related to: Finance receivables $ 35,466 $ 26,373 Property and equipment 1,368 372 Goodwill 194 141 Total 37,028 26,886 Deferred income tax assets related to: Accrued liabilities 2,524 2,140 Inventory 316 213 Share based compensation 3,561 3,109 State net operating loss 168 42 Deferred revenue 2,226 1,375 Total 8,795 6,879 Deferred income tax liabilities, net $ 28,233 $ 20,007

Note J - Weighted Average Sha_2

Note J - Weighted Average Shares Outstanding (Tables)	12 Months Ended
	Apr. 30, 2022
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Years Ended April 30, 2022 2021 2020 Weighted average shares outstanding-basic 6,509,673 6,628,749 6,630,023 Dilutive options and restricted stock 313,808 332,826 315,629 Weighted average shares outstanding-diluted 6,823,481 6,961,575 6,945,652 Antidilutive securities not included: Options 120,000 152,500 118,750 Restricted Stock 4,784 2,479 7,224

Note K - Stock-based Compensa_2

Note K - Stock-based Compensation Plans (Tables)	12 Months Ended
	Apr. 30, 2022
Notes Tables
Stock Option Plan Comparison [Table Text Block]	Restated Option Plan Minimum exercise price as a percentage of fair market value at date of grant 100% Last expiration date for outstanding options May 1, 2031 Shares available for grant at April 30, 2022 215,000
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	April 30, 2022 April 30, 2021 April 30, 2020 Expected terms (years) 5.5 5.5 5.5 Risk-free interest rate 0.86% 0.36% 1.75% Volatility 51% 50% 39% Dividend yield - - -
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Number Exercise Proceeds Weighted Average of Price on Exercise Price per Options per Share Exercise Share (in thousands) Outstanding at April 30, 2019 565,500 $ 26,087 $ 46.13 Granted 225,000 99.05 109.06 24,287 107.95 Exercised (121,250 ) 22.87 53.02 (4,517 ) 37.25 Cancelled (1,500 ) $ 53.02 (80 ) 53.02 Outstanding at April 30, 2020 667,750 $ 45,777 $ 68.55 Granted 30,000 $ 65.95 30 65.95 Exercised (131,350 ) 24.69 99.05 (6,730 ) 51.24 Outstanding at April 30, 2021 566,400 $ 39,077 $ 72.43 Granted 30,000 $ 150.83 30 150.83 Exercised (94,000 ) 26.37 150.83 (6,276 ) 66.76 Cancelled (1,000 ) $ 41.86 (42 ) $ 41.86 Outstanding at April 30, 2022 501,400 $ 32,789
Schedule of Share-based Compensation, Stock Options, Exercises [Table Text Block]	Years Ended April 30, (Dollars in thousands) 2022 2021 2020 Options Exercised 94,000 131,350 121,250 Cash Received from Options Exercised $ 591 $ 5,120 $ 2,928 Intrinsic Value of Options Exercised $ 7,124 $ 7,894 $ 7,580
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Number Weighted Average Unvested shares at April 30, 2019 180,500 $ 46.16 Shares granted 12,328 102.03 Shares vested (7,000 ) 52.10 Shares cancelled (1,000 ) 37.07 Unvested shares at April 30, 2020 184,828 $ 49.71 Shares granted 7,690 98.43 Shares vested - - Shares cancelled (500 ) 35.00 Unvested shares at April 30, 2021 192,018 $ 51.70 Shares granted 11,287 121.17 Shares vested (6,500 ) 39.14 Shares cancelled (15,691 ) 59.99 Unvested shares at April 30, 2022 181,114 $ 55.76

Note L - Commitments and Cont_2

Note L - Commitments and Contingencies (Tables)	12 Months Ended
	Apr. 30, 2022
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Years Ending Amount April 30, (In thousands) 2023 $ 7,532 2024 7,025 2025 6,893 2026 6,376 2027 5,852 Thereafter 48,271 Total undiscounted operating lease payments 81,949 Less: imputed interest 20,468 Present value of operating lease liabilities $ 61,481

Note M - Supplemental Cash Fl_2

Note M - Supplemental Cash Flow Information (Tables)	12 Months Ended
	Apr. 30, 2022
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Years Ended April 30, (in thousands) 2022 2021 2020 Supplemental disclosures: Interest paid $ 10,421 $ 7,029 $ 8,152 Income taxes paid, net 19,238 26,964 8,505 Non-cash transactions: Inventory acquired in repossession and accident protection plan claims 83,919 50,868 51,450 Loss accrued on disposal of property and equipment - - 3 Net settlement option exercises 5,685 1,610 1,589

Note A - Organization and Bus_2

Note A - Organization and Business (Details Textual)	12 Months Ended
	Apr. 30, 2022
Number of Operating Subsidiaries	2
Number of Dealerships Operated	154

Note B - Summary of Significa_3

Note B - Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Apr. 30, 2022 USD ($) shares	Apr. 30, 2021 USD ($) shares	Apr. 30, 2020 USD ($) shares
Number of Reportable Segments	1
Average Finance Receivable Interest Rate	16.50%
Interest Receivable	$ 4,926,000	$ 3,367,000
Finance Receivables, Customer Payments Due Either Weekly or Bi-Weekly, Percentage	78%
Financing Receivable, Greater Than or Equal to 30 Days Past Due, Percent of Portfolio	3%	2.60%
Allowance for Credit Losses, Primary Factor Units Repossessed or Charged Off Evaluation Period (Year)	75 years
Percent of Chargeoffs in the First 10 to 11 Months of a Contract	50%
Average Age of Account at Charge-Off Date (Year)	12 years
Goodwill, Impairment Loss	$ 0	$ 0
Goodwill, Ending Balance	8,623,000	7,280,000
Goodwill, Period Increase (Decrease), Total	1,300,000
Income Tax Examination, Penalties and Interest Accrued, Total	0
Financing Receivable, Recorded Investment Greater Than 90 Days Past Due	3,000,000	2,100,000
Late Fee Income Generated by Servicing Financial Assets, Amount	3,100,000	2,500,000	$ 2,300,000
Contract with Customer, Liability, Revenue Recognized	16,500,000	10,300,000
Advertising Expense	$ 5,000,000	2,900,000	3,100,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	6%
Defined Contribution Plan, Employer Contribution Amount	$ 1,200,000	$ 908,000	$ 769,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) | shares	215,000
Stock Repurchased During Period, Shares (in shares) | shares	304,204	106,590	182,805
Stock Repurchased During Period, Value	$ 34,700,000	$ 10,600,000	$ 16,000,000
Treasury Stock Shares to Establish Reserve Account to Secure Service Contracts (in shares) | shares	10,000
Operating Lease, Weighted Average Remaining Lease Term (Year)	13 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	4.33%
ACM Insurance Company [Member]
Treasury Stock, Shares to Establish Reserve Account to Meet Regulatory Requirements for Insurance Company (in shares) | shares	14,000
2006 Employee Stock Purchase Plan [Member]
Common Stock Discount on Shares Percentage	15%
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) | shares	200,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) | shares	133,621
Minimum [Member]
Allowance for Credit Losses, Primary Factor Units Repossessed or Charged Off Evaluation Period (Year)	1 year
Lessee, Operating Lease, Term of Contract (Year)	3 years
Lessee, Operating Lease, Renewal Term (Year)	3 years
Maximum [Member]
Allowance for Credit Losses, Primary Factor Units Repossessed or Charged Off Evaluation Period (Year)	5 years
Lessee, Operating Lease, Term of Contract (Year)	10 years
Lessee, Operating Lease, Renewal Term (Year)	10 years
Revolving Credit Facility [Member]
Line of Credit Facility, Distribution Limitations, Maximum Aggregate Amount of Stock Repurchases	$ 50,000,000
Line of Credit Facility, Distribution Limitations Percentage of Sum of Borrowing Bases	20%
Line of Credit Facility, Distribution Limitations Percentage of Consolidated Net Income	75%
Line of Credit Facility Distribution Limitations Minimum Percentage of Aggregate Funds Available	12.50%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Arkansas, USA [Member]
Concentration Risk, Percentage	27.40%

Note B - Summary of Significa_4

Note B - Summary of Significant Accounting Policies - Restricted Cash (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Apr. 30, 2021
Restricted Cash	$ 35,671	$ 0
Collections On Auto Finance Receivables [Member]
Restricted Cash	24,242
Deposit in Reserve Accounts [Member]
Restricted Cash	$ 11,429

Note B - Summary of Significa_5

Note B - Summary of Significant Accounting Policies - Property and Equipment, Estimated Useful Lives (Details)	12 Months Ended
	Apr. 30, 2022
Minimum [Member] | Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)	3 years
Minimum [Member] | Leasehold Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years
Minimum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)	18 years
Maximum [Member] | Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)	7 years
Maximum [Member] | Leasehold Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)	15 years
Maximum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)	39 years

Note B - Summary of Significa_6

Note B - Summary of Significant Accounting Policies - Sales (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Sales	$ 1,060,512	$ 808,065	$ 652,992
Sales Used Autos [Member]
Sales	927,043	713,925	567,816
Wholesales Third Party [Member]
Sales	51,641	34,286	28,966
Service Contract Sales [Member]
Sales	49,154	33,028	31,480
Payment Protection Plan Revenue [Member]
Sales	$ 32,674	$ 26,826	$ 24,730

Note C - Finance Receivables,_3

Note C - Finance Receivables, Net (Details Textual)	3 Months Ended		12 Months Ended
	Apr. 30, 2021 USD ($) $ / shares	Apr. 30, 2020 USD ($) $ / shares	Apr. 30, 2022 USD ($)	Apr. 30, 2021 USD ($) $ / shares	Apr. 30, 2020 USD ($) $ / shares	Jan. 31, 2021	Jan. 31, 2020	Jul. 31, 2019	Apr. 30, 2019 USD ($)
Finance Receivables, Number of Loan Classes			1
Finance Receivables, Number of Risk Pools			1
Financing Receivable, after Allowance for Credit Loss, Total	$ 625,119,000	$ 466,141,000	$ 854,290,000	$ 625,119,000	$ 466,141,000				$ 415,486,000
Financing Receivable, Allowance for Credit Loss, Recovery			$ 2,400,000	$ 1,900,000	$ 1,700,000
Finance Receivables, Allowance, Percent of Principle Balance	24.50%	26.50%	24.50%	24.50%	26.50%	26.50%	24.50%	24.50%	25%
Delinquencies Greater Than 30 Days as Percentage of Average Financing Receivables	2.60%	6.20%	3%	2.60%	6.20%		2.90%
Financing Receivable, Credit Loss, Expense (Reversal)	$ (15,100,000)	$ 9,100,000	$ 257,101,000	$ 163,662,000	$ 162,246,000
After Tax Effect of Increase to Provision for Credit Losses	$ (11,500,000)	$ 7,000,000
After Tax Effect Of Change To Provision For Credit Losses, Per Diluted Share (in dollars per share) | $ / shares	$ 1.65	$ 1.02		$ 1.65	$ 1.02
Financing Receivable, Credit Loss, Expense (Reversal)	$ (15,100,000)	$ 9,100,000	$ 257,101,000	$ 163,662,000	$ 162,246,000
Net Charge Offs as Percentage of Average Finance Receivables			20.20%	19.30%
Collections as Percentage of Average Financing Receivables			43.50%	53.20%
Increase (Decrease) in Average Selling Price			$ 3,028
Increase (Decrease) in Average Selling Price, Percentage			22.20%
Automobile Loan [Member] | Asset Pledged as Collateral [Member] | Notes Payable [Member]
Financing Receivable, after Allowance for Credit Loss, Total			$ 550,300,000
Maximum [Member]
Financing Receivable Interest Rate			16.50%
Financing Receivable Payment Period (Month)			54 months
Maximum [Member] | ILLINOIS
Financing Receivable Interest Rate			21.50%
Minimum [Member]
Financing Receivable Payment Period (Month)			18 months
Minimum [Member] | ILLINOIS
Financing Receivable Interest Rate			19.50%

Note C - Finance Receivables,_4

Note C - Finance Receivables, Net - Components of Finance Receivables (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Gross contract amount	$ 1,378,803	$ 980,757
Less unearned finance charges	(277,306)	(171,220)
Principal balance	1,101,497	809,537
Less allowance for credit losses	(247,207)	(184,418)	$ (155,041)	$ (127,842)
Finance receivables, net	$ 854,290	$ 625,119	$ 466,141	$ 415,486

Note C - Finance Receivables,_5

Note C - Finance Receivables, Net - Changes in Finance Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Balance	$ 625,119	$ 466,141	$ 415,486
Finance receivable originations	1,009,859	762,716	604,497
Finance receivable collections	(417,796)	(370,254)	(322,180)
Provision for credit losses	(257,101)	(163,662)	(162,246)
Losses on claims for accident protection plan	(21,871)	(18,954)	(17,966)
Inventory acquired in repossession and accident protection plan claims	(83,920)	(50,868)	(51,450)
Balance	$ 854,290	$ 625,119	$ 466,141

Note C - Finance Receivables,_6

Note C - Finance Receivables, Net - Changes in the Finance Receivables Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Balance	$ 184,418	$ 155,041	$ 127,842
Provision for credit losses	257,101	163,662	162,246
Charge-offs, net of recovered collateral	(194,312)	(134,285)	(135,047)
Balance	$ 247,207	$ 184,418	$ 155,041

Note C - Finance Receivables,_7

Note C - Finance Receivables, Net - Credit Quality Information for Finance Receivables (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Apr. 30, 2021
Principle Balance	$ 1,101,497	$ 809,537
Percent of Portfolio	100%	100%
Financial Asset, Not Past Due [Member]
Principle Balance	$ 958,808	$ 717,520
Percent of Portfolio	87.05%	88.64%
Financial Asset, 3 to 29 Days Past Due [Member]
Principle Balance	$ 109,873	$ 71,269
Percent of Portfolio	9.97%	8.80%
Financial Asset, 30 to 59 Days Past Due [Member]
Principle Balance	$ 22,477	$ 13,058
Percent of Portfolio	2.04%	1.61%
Financial Asset, 60 to 89 Days Past Due [Member]
Principle Balance	$ 7,360	$ 5,551
Percent of Portfolio	0.67%	0.69%
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Principle Balance	$ 2,979	$ 2,139
Percent of Portfolio	0.27%	0.26%

Note C - Finance Receivables,_8

Note C - Finance Receivables, Net - Financing Receivables Analysis (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Average total collected per active customer per month	$ 513	$ 478
Principal collected as a percent of average finance receivables	43.50%	53.20%
Average down-payment percentage	6.40%	7.10%
Average originating contract term (in months) (Month)	40 months 6 days	34 months 18 days
Portfolio weighted average contract term, including modifications (in months) (Year)	42 years 10 months 24 days	37 years 3 months 18 days

Note C - Finance Receivables,_9

Note C - Finance Receivables, Net - Finance Receivable Summarized by Fiscal Year of Origination (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Apr. 30, 2021
2022, principal balance	$ 786,471	$ 591,346
2021, principal balance	268,454	187,067
2020, principal balance	43,951	28,534
2019, principal balance	2,467	2,422
2018, principal balance	129	155
Prior to 2018, principal balance	25	13
Principle Balance	$ 1,101,497	$ 809,537
Principal balance, percentage	100%	100%
2021, principal balance	$ 786,471	$ 591,346
2020, principal balance	268,454	187,067
2019, principal balance	43,951	28,534
2018, principal balance	2,467	2,422
2017, principal balance	129	155
Prior to 2017, principal balance	25	13
Customer Score 1-2 [Member]
2022, principal balance	37,916	32,946
2021, principal balance	11,493	11,967
2020, principal balance	2,221	1,229
2019, principal balance	77	63
2018, principal balance	0	8
Prior to 2018, principal balance	2	0
Principle Balance	$ 51,709	$ 46,213
Principal balance, percentage	4.70%	5.70%
2021, principal balance	$ 37,916	$ 32,946
2020, principal balance	11,493	11,967
2019, principal balance	2,221	1,229
2018, principal balance	77	63
2017, principal balance	0	8
Prior to 2017, principal balance	2	0
Customer Score 3-4 [Member]
2022, principal balance	260,298	211,939
2021, principal balance	84,118	66,524
2020, principal balance	13,537	8,299
2019, principal balance	587	491
2018, principal balance	14	26
Prior to 2018, principal balance	15	8
Principle Balance	$ 358,569	$ 287,287
Principal balance, percentage	32.50%	35.50%
2021, principal balance	$ 260,298	$ 211,939
2020, principal balance	84,118	66,524
2019, principal balance	13,537	8,299
2018, principal balance	587	491
2017, principal balance	14	26
Prior to 2017, principal balance	15	8
Customer Score 5-6 [Member]
2022, principal balance	488,257	346,461
2021, principal balance	172,843	108,576
2020, principal balance	28,193	19,006
2019, principal balance	1,803	1,868
2018, principal balance	115	121
Prior to 2018, principal balance	8	5
Principle Balance	$ 691,219	$ 476,037
Principal balance, percentage	62.80%	58.80%
2021, principal balance	$ 488,257	$ 346,461
2020, principal balance	172,843	108,576
2019, principal balance	28,193	19,006
2018, principal balance	1,803	1,868
2017, principal balance	115	121
Prior to 2017, principal balance	$ 8	$ 5

Note D - Property and Equipme_3

Note D - Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Apr. 30, 2021
Accumulated depreciation and amortization	$ (41,002)	$ (37,864)
Property and equipment, net	51,438	34,719
Land [Member]
Property and equipment	11,749	7,594
Building and Building Improvements [Member]
Property and equipment	13,876	13,717
Furniture, Fixtures and Equipment [Member]
Property and equipment	16,189	15,401
Leasehold Improvements [Member]
Property and equipment	36,392	33,450
Construction in Progress [Member]
Property and equipment	$ 14,234	$ 2,421

Note E - Accrued Liabilities -

Note E - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Apr. 30, 2021
Employee compensation and benefits	$ 12,865	$ 14,664
Cash overdrafts (see Note B)	0	1,802
Deferred sales tax (see Note B)	7,388	5,904
Reserve for accident protection plan claims	4,761	3,737
Fair value of contingent consideration	3,544	3,175
Other	4,072	1,996
Accrued liabilities	$ 32,630	$ 31,278

Note F - Debt (Details Textual)

Note F - Debt (Details Textual) - USD ($)

12 Months Ended

Apr. 22, 2022

Sep. 29, 2021

Oct. 29, 2020

Apr. 30, 2022

Apr. 30, 2021

Apr. 30, 2020

Apr. 27, 2022

Sep. 28, 2021

Feb. 10, 2021

Dec. 31, 2020

Sep. 30, 2019

Sep. 29, 2019

Amortization of Debt Issuance Costs and Discounts, Total

$ 775,000

$ 391,000

$ 273,000

Payments of Financing Costs, Total

2,100,000

282,000

Debt Issuance Costs, Gross

$ 2,000,000

$ 678,000

Notes Payable [Member]

Weighted Average Fixed Coupon Rate, Percent

5.14%

Minimum Percent of Pool Balance

2%

Minimum [Member]

Financing Receivable Payment Period (Month)

18 months

Minimum [Member] | Medium-term Vehicle Contracts [Member]

Financing Receivable Payment Period (Month)

36 months

Minimum [Member] | Long-term Vehicle Contracts [Member]

Financing Receivable Payment Period (Month)

42 months

Maximum [Member]

Financing Receivable Payment Period (Month)

54 months

Maximum [Member] | Medium-term Vehicle Contracts [Member]

Financing Receivable Payment Period (Month)

42 months

Maximum [Member] | Long-term Vehicle Contracts [Member]

Financing Receivable Payment Period (Month)

60 months

BMO Harris Bank [Member] | Line of Credit [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 326,000,000

Debt Instrument, Covenant, Maximum Borrowing Base, Percentage of Financing Receivables

15%

Debt Instrument, Covenant, Maximum Aggregate Consideration for Businesses Acquired in One Year

$ 20,000,000

Debt Instrument, Covenant, Maximum Disposal of Real Estate

5,000,000

Debt Instrument, Covenant, Maximum Disposal Other Properties

$ 1,000,000

Line of Credit Facility, Total Increase in Borrowing Capacity

$ 85,000,000

Maximum Allowable Capital Expenditures By Credit Facilities Amendment

$ 10,000,000

BMO Harris Bank [Member] | Medium-term Vehicle Contracts [Member] | Line of Credit [Member]

Debt Instrument, Covenant, Maximum Borrowing Base, Percentage of Financing Receivables

15%

BMO Harris Bank [Member] | Long-term Vehicle Contracts [Member] | Line of Credit [Member]

Debt Instrument, Covenant, Maximum Borrowing Base, Percentage of Financing Receivables

5%

Revolving Credit Facility [Member]

Line of Credit Facility, Additional Borrowing Capacity, Accordion Feature

$ 197,800,000

Revolving Credit Facility [Member] | BMO Harris Bank [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 600,000,000

$ 326,000,000

$ 241,000,000

$ 215,000,000

Line of Credit Facility, Additional Borrowing Capacity, Accordion Feature

100,000,000

100,000,000

50,000,000

Maximum Allowable Capital Expenditures By Credit Facilities Amendment

35,000,000

$ 25,000,000

$ 25,000,000

Line of Credit Facility, Increase In Maximum Borrowing Capacity

$ 274,000,000

Line of Credit Facility, Unused Capacity, Commitment Fee Percentage

0.25%

Line of Credit, Unused Line Fee, Percent, Contingent Upon Amendment Terms

0.375%

Debt Instrument, Interest Rate, Effective Percentage

2.25%

Revolving Credit Facility [Member] | BMO Harris Bank [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]

Debt Instrument, Basis Spread on Variable Rate

2.35%

Revolving Credit Facility [Member] | BMO Harris Bank [Member] | Minimum [Member]

Debt Instrument, Interest Rate, Stated Percentage

2.85%

2.85%

Colonial Revolving Credit Facility [Member] | BMO Harris Bank [Member]

Line of Credit Facility, Maximum Borrowing Capacity

231,000,000

$ 205,000,000

ACM TCM Revolving Credit Facility [Member] | BMO Harris Bank [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 10,000,000

Note F - Debt - Summary of Debt

Note F - Debt - Summary of Debt Facilities (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Apr. 30, 2021
Revolving line of credit, net	$ 44,670	$ 225,924
Non-recourse notes payable, net	395,986	0
Total debt	440,656	225,924
Line of Credit [Member]
Debt facilities, gross	46,674	226,602
Debt issuance costs	(2,004)	(678)
Notes Payable [Member]
Debt facilities, gross	399,994	0
Debt issuance costs	$ (4,008)	$ 0

Note G - Fair Value Measureme_3

Note G - Fair Value Measurements (Details Textual)	1 Months Ended
	Jan. 31, 2019
Fair Value Inputs, Discount Rate, Intercompany Transactions	38.50%
Minimum [Member] | Measurement Input, Discount Rate [Member]
Receivables, Measurement Input	34%
Maximum [Member] | Measurement Input, Discount Rate [Member]
Receivables, Measurement Input	39%

Note G - Fair Value Measureme_4

Note G - Fair Value Measurements - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Apr. 30, 2021
Reported Value Measurement [Member]
Cash and cash equivalents	$ 6,916	$ 2,893
Restricted cash	35,671	0
Finance receivables, net	854,290	625,119
Accounts payable	20,055	18,208
Revolving line of credit	44,670	225,924
Non-recourse notes payable	395,986	0
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	6,916	2,893
Restricted cash	35,671	0
Finance receivables, net	677,421	497,865
Accounts payable	20,055	18,208
Revolving line of credit	44,670	225,924
Non-recourse notes payable	$ 395,986	$ 0

Note H - Income Taxes - Provisi

Note H - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Current	$ 18,869	$ 23,274	$ 14,288
Deferred	8,226	7,028	(1,280)
Total	$ 27,095	$ 30,302	$ 13,008

Note H - Income Taxes - Reconci

Note H - Income Taxes - Reconciliation of Income Tax to Statutory Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Tax provision at statutory rate	$ 25,284	$ 28,233	$ 13,514
State taxes, net of federal benefit	3,612	4,033	1,931
Tax benefit from option exercises	(1,356)	(1,401)	(1,498)
Other, net	(445)	(563)	(939)
Total	$ 27,095	$ 30,302	$ 13,008

Note H - Income Taxes - Deferre

Note H - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Apr. 30, 2021
Finance receivables	$ 35,466	$ 26,373
Property and equipment	1,368	372
Goodwill	194	141
Total	37,028	26,886
Deferred income tax assets related to:
Accrued liabilities	2,524	2,140
Inventory	316	213
Share based compensation	3,561	3,109
State net operating loss	168	42
Deferred revenue	2,226	1,375
Total	8,795	6,879
Deferred income tax liabilities, net	$ 28,233	$ 20,007

Note I - Capital Stock (Details

Note I - Capital Stock (Details Textual) - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Common Stock, Shares Authorized (in shares)	50,000,000	50,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized (in shares)	1,000,000	1,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Issued, Total (in shares)	0	0
Subsidiaries [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 1
Preferred Stock, Shares Issued, Total (in shares)	500,000
Preferred Stock, Dividend Rate, Percentage	8%
Preferred Stock Right of Shareholder, Amount of Shares (in shares)	400,000
Preferred Stock, Right to Shareholder Value of Redeemed Stock	$ 400,000

Note J - Weighted Average Sha_3

Note J - Weighted Average Shares Outstanding - Weighted Average Shares of Common Stock Outstanding (Details) - shares	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Weighted average shares outstanding-basic (in shares)	6,509,673	6,628,749	6,630,023
Dilutive options and restricted stock (in shares)	313,808	332,826	315,629
Weighted average shares outstanding-diluted (in shares)	6,823,481	6,961,575	6,945,652
Share-Based Payment Arrangement, Option [Member]
Antidilutive securities (in shares)	120,000	152,500	118,750
Restricted Stock [Member]
Antidilutive securities (in shares)	4,784	2,479	7,224

Note K - Stock-based Compensa_3

Note K - Stock-based Compensation Plans (Details Textual) - USD ($)				12 Months Ended			13 Months Ended
	Aug. 26, 2020	Aug. 29, 2018	Aug. 05, 2015	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2022	Aug. 28, 2018
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value				$ 8,400,000	$ 44,400,000		$ 8,400,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)				30,000	30,000	225,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Fair Value				$ 2,100,000	$ 2,000,000	$ 9,300,000
Share-based Compensation Arrangement by Share-based Payment Award, Options Exercised Through Net Settlements (in shares)							80,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Reduction in Shares Issued to Satisfy the Exercise Price and Applicable Withholding Taxes (in shares)							53,425
Share-based Compensation Arrangement by Share-based Payment Award, Options Exercised Through Net Settlements, Net of Shares to Satisfy the Exercise Price and Applicable Withholding Taxes (in shares)							26,575
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number (in shares)				261,400			261,400
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value				$ 5,300,000			$ 5,300,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term (Year)							5 years 6 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price (in dollars per share)				$ 74.84			$ 74.84
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)				215,000			215,000
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Expense				$ 4,500,000	3,900,000	3,600,000
Share-Based Payment Arrangement, Expense, after Tax				3,400,000	3,000,000	2,900,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total				$ 2,500,000			$ 2,500,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				10 months 24 days
Share-Based Payment Arrangement, Option [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				3 years
Share-Based Payment Arrangement, Option [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				5 years
Restated Option Plan [Member]
Share-Based Payment Arrangement, Expense				$ 5,500,000	6,000,000	4,700,000
Share-Based Payment Arrangement, Expense, after Tax				4,200,000	4,600,000	3,600,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Additional Shares Authorized (in shares)	200,000	200,000	300,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	2,200,000	2,000,000	1,800,000
Restated Option Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)			10 years
Stock Incentive Plan [Member]
Share-Based Payment Arrangement, Expense				981,000	1,100,000	1,100,000
Share-Based Payment Arrangement, Expense, after Tax				749,000	878,000	839,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)		450,000						100,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total				$ 5,300,000			$ 5,300,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				4 years 6 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value				$ 10,100,000	$ 9,900,000	$ 9,200,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)				11,287	7,690	12,328
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)				$ 121.17	$ 98.43	$ 102.03
Stock Incentive Plan [Member] | First Issuance of Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)				5,750	2,000	3,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)				$ 102.40	$ 65.95	$ 99.05
Stock Incentive Plan [Member] | Second Issuance of Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)				4,500	5,690	4,224
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)				$ 150.83	$ 109.84	$ 109.06
Stock Incentive Plan [Member] | Third Issuance of Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)				1,037		5,104
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)				$ 96.49		$ 97.97
Stock Incentive Plan [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)				91,413			91,413

Note K - Stock-based Compensa_4

Note K - Stock-based Compensation Plans - Stock Option Plan Comparison (Details)	12 Months Ended
	Apr. 30, 2022 shares
Minimum exercise price as a percentage of fair market value at date of grant	100%
Last expiration date for outstanding options	May 01, 2031
Shares available for grant at April 30, 2022 (in shares)	215,000

Note K - Stock-based Compensa_5

Note K - Stock-based Compensation Plans - Options Valuation Assumptions (Details)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Expected terms (years) (Year)	5 years 6 months	5 years 6 months	5 years 6 months
Risk-free interest rate	0.86%	0.36%	1.75%
Volatility	51%	50%	39%

Note K - Stock-based Compensa_6

Note K - Stock-based Compensation Plans - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2019
Number of Shares (in shares)	566,400	667,750	565,500
Proceeds on Exercise	$ 32,789	$ 39,077	$ 45,777	$ 26,087
Weighted Average Exercise Price (in dollars per share)	$ 72.43	$ 68.55	$ 46.13
Number of Shares, Granted (in shares)	30,000	30,000	225,000
Exercise Price, Granted (in dollars per share)	$ 150.83	$ 65.95	$ 107.95
Proceeds on Exercise, Granted	$ 30	$ 30	$ 24,287
Number of Shares, Exercised (in shares)	(94,000)	(131,350)	(121,250)
Exercise Price, Exercised (in dollars per share)	$ 66.76	$ 51.24	$ 37.25
Proceeds on Exercise, Exercised	$ (6,276)	$ (6,730)	$ (4,517)
Number of Shares, Cancelled (in shares)	(1,000)		(1,500)
Exercise Price, Cancelled (in dollars per share)	$ 41.86		$ 53.02
Proceeds on Exercise, Cancelled	$ (42)		$ (80)
Number of Shares (in shares)	501,400	566,400	667,750	565,500
Weighted Average Exercise Price (in dollars per share)		$ 72.43	$ 68.55	$ 46.13
Minimum [Member]
Exercise Price, Granted (in dollars per share)			99.05
Exercise Price, Exercised (in dollars per share)	26.37	24.69	22.87
Maximum [Member]
Exercise Price, Granted (in dollars per share)			109.06
Exercise Price, Exercised (in dollars per share)	$ 150.83	$ 99.05	$ 53.02

Note K - Stock-based Compensa_7

Note K - Stock-based Compensation Plans - Options Exercised (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Options Exercised (in shares)	94,000	131,350	121,250
Cash Received from Options Exercised	$ 591	$ 5,120	$ 2,928
Intrinsic Value of Options Exercised	$ 7,124	$ 7,894	$ 7,580

Note K - Stock-based Compensa_8

Note K - Stock-based Compensation Plans - Stock Incentive Plan (Details) - Stock Incentive Plan [Member] - $ / shares	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Unvested shares (in shares)	192,018	184,828	180,500
Unvested shares, weighted average grant date fair value (in dollars per share)	$ 51.70	$ 49.71	$ 46.16
Shares granted (in shares)	11,287	7,690	12,328
Shares granted, weighted average grant date fair value (in dollars per share)	$ 121.17	$ 98.43	$ 102.03
Shares vested (in shares)	(6,500)	0	(7,000)
Shares cancelled (in shares)	(15,691)	(500)	(1,000)
Shares cancelled, weighted average grant date fair value (in dollars per share)	$ 59.99	$ 35	$ 37.07
Shares vested, weighted average grant date fair value (in dollars per share)	$ 39.14	$ 0
Unvested shares (in shares)	181,114	192,018	184,828
Unvested shares, weighted average grant date fair value (in dollars per share)	$ 55.76	$ 51.70	$ 49.71

Note L - Commitments and Cont_3

Note L - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020	Jan. 31, 2022
Letters of Credit Outstanding, Amount	$ 750,000
Lessee, Operating Lease, Liability, to be Paid, Total	81,949,000
Operating Lease, Expense	8,000,000	$ 8,000,000	$ 6,900,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	7,900,000
Non-cancelable [Member]
Lessee, Operating Lease, Liability, to be Paid, Total	18,000,000
Reasonably Assured [Member]
Lessee, Operating Lease, Liability, to be Paid, Total	$ 63,900,000
Minimum [Member]
Lessee, Operating Lease, Term of Contract (Year)	3 years
Minimum [Member] | Dealership Leases [Member]
Lessee, Operating Lease, Term of Contract (Year)				3 years
Maximum [Member]
Lessee, Operating Lease, Term of Contract (Year)	10 years
Maximum [Member] | Dealership Leases [Member]
Lessee, Operating Lease, Term of Contract (Year)				5 years

Note L - Commitments and Cont_4

Note L - Commitments and Contingencies - Future Lease Obligations (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Apr. 30, 2021
2023	$ 7,532
2024	7,025
2025	6,893
2026	6,376
2027	5,852
Thereafter	48,271
Total undiscounted operating lease payments	81,949
Less: imputed interest	20,468
Present value of operating lease liabilities	$ 61,481	$ 62,886

Note M - Supplemental Cash Fl_3

Note M - Supplemental Cash Flow Information - Supplemental Cash Flow Disclosures (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Interest paid	$ 10,421	$ 7,029	$ 8,152
Income taxes paid, net	19,238	26,964	8,505
Inventory acquired in repossession and accident protection plan claims	83,919	50,868	51,450
Loss accrued on disposal of property and equipment	0	0	3
Net settlement option exercises	$ 5,685	$ 1,610	$ 1,589