America's Car-Mart (CRMT) 10-K 26 Jun 23 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Apr. 30, 2023	Jun. 23, 2023	Oct. 31, 2022
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	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Apr. 30, 2023
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	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 397,198,739
Entity Common Stock, Shares Outstanding		6,371,404
Auditor Firm ID	248
Auditor Name	GRANT THORNTON LLP
Auditor Location	Tulsa, Oklahoma

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Apr. 30, 2023	Apr. 30, 2022
Statement [Line Items]
Cash and cash equivalents		$ 9,796	$ 6,916
Restricted cash		58,238	35,671
Accrued interest on finance receivables		6,115	4,926
Finance receivables, net		1,073,764	863,674
Inventory		109,290	115,302
Income taxes receivable, net		9,259	274
Prepaid expenses and other assets		21,429	15,070
Right-of-use asset		59,142	58,828
Goodwill		11,716	8,623
Property and equipment, net	[1]	61,682	45,412
Total Assets		1,420,431	1,154,696
Liabilities:
Accounts payable		27,196	20,055
Accrued liabilities		33,606	32,630
Deferred income tax liabilities, net		39,315	30,449
Lease liability		62,300	61,481
Non-recourse notes payable, net		471,367	395,986
Revolving line of credit, net		167,231	44,670
Total liabilities		921,484	677,762
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; 13,701,468 and 13,642,185 issued at April 30, 2023 and April 30, 2022, respectively, of which 6,373,404 and 6,371,977 were outstanding at April 30, 2023 and April 30, 2022, respectively		137	136
Additional paid-in capital		109,929	103,113
Retained earnings		685,802	665,410
Less: Treasury stock, at cost, 7,328,064 and 7,270,208 shares at April 30, 2023 and April 30, 2022, respectively		(297,421)	(292,225)
Total stockholders' equity		498,447	476,434
Non-controlling interest		100	100
Total equity		498,547	476,534
Total Liabilities, mezzanine equity and equity		1,420,431	1,154,696
Payment Protection Plan [Member]
Liabilities:
Deferred revenue		53,065	43,936
Service Contract [Member]
Liabilities:
Deferred revenue		$ 67,404	$ 48,555
[1]Property and equipment, net at April 30, 2022 reflects an immaterial reclassification of approximately $6.0 million of capitalized implementation costs related to a cloud-computing arrangement that were reclassified to Prepaid expenses and other assets.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Apr. 30, 2023	Apr. 30, 2022
Statement [Line Items]
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)	13,701,468	13,642,185
Common stock, shares outstanding (in shares)	6,373,404	6,371,977
Treasury Stock, Common, Shares	7,328,064	7,270,208

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Sales	$ 1,209,279	$ 1,043,698	$ 799,129
Interest and other income	196,219	151,853	110,545
Total revenues	1,405,498	1,195,551	909,674
Costs and expenses:
Cost of sales, excluding depreciation	805,873	663,631	479,153
Selling, general and administrative	176,696	156,130	130,855
Provision for credit losses	352,860	238,054	153,835
Interest expense	38,312	10,919	6,820
Depreciation and amortization	5,602	4,033	3,719
Loss (gain) on disposal of property and equipment	361	149	(40)
Total costs and expenses	1,379,704	1,072,916	774,342
Income before income taxes	25,794	122,635	135,332
Provision for income taxes	5,362	27,621	30,512
Net income	20,432	95,014	104,820
Less: Dividends on mandatorily redeemable preferred stock	40	40	40
Net income attributable to common stockholders	$ 20,392	$ 94,974	$ 104,780
Earnings per share:
Basic (in dollars per share)	$ 3.20	$ 14.59	$ 15.81
Diluted (in dollars per share)	$ 3.11	$ 13.92	$ 15.05
Weighted average number of shares outstanding:
Basic (in shares)	6,371,229	6,509,673	6,628,749
Diluted (in shares)	6,566,896	6,823,481	6,961,575

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Net income		$ 20,432	$ 95,014	$ 104,820
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	$ (14,200)	352,860	238,054	153,835
Losses on claims for accident protection plan		25,107	21,871	18,954
Depreciation and amortization		5,602	4,033	3,719
Amortization of debt issuance costs		5,461	775	391
Loss (gain) on disposal of property and equipment		361	149	(40)
Stock-based compensation		5,314	5,496	5,962
Deferred income taxes		8,866	8,750	7,239
Change in operating assets and liabilities:
Finance receivable originations		(1,161,132)	(1,009,858)	(762,717)
Finance receivable collections		434,458	417,796	370,254
Accrued interest on finance receivables		(1,188)	(1,559)	(269)
Inventory		133,047	51,057	5,019
Prepaid expenses and other assets		(6,245)	(7,994)	(1,679)
Accounts payable and accrued liabilities		8,621	5,167	14,766
Income taxes, net		(8,984)	(424)	(3,691)
Net cash used in operating activities		(135,728)	(119,178)	(53,812)
Investing Activities:
Purchase of investments		(5,549)	(1,574)	0
Purchases of property and equipment		(22,106)	(15,796)	(8,952)
Proceeds from sale of property and equipment		84	20	694
Net cash used in investing activities		(27,571)	(17,350)	(8,258)
Financing Activities:
Exercise of stock options		1,216	(1,488)	4,034
Issuance of common stock		286	293	258
Purchase of common stock		(5,196)	(34,698)	(10,616)
Dividend payments		(40)	(40)	(40)
Debt issuance costs		(2,263)	(6,108)	(282)
Change in cash overdrafts		0	(1,802)	1,802
Issuances of non-recourse notes payable		400,176	399,994	0
Principal payments on notes payable		(327,276)	0	(524)
Proceeds from revolving credit facilities		524,531	331,113	73,337
Payments on revolving credit facilities		(402,688)	(511,042)	(62,566)
Net cash provided by financing activities		188,746	176,222	5,403
Increase (decrease) in cash, cash equivalents, and restricted cash		25,447	39,694	(56,667)
Cash, cash equivalents, and restricted cash beginning of period		42,587	2,893	59,560
Cash, cash equivalents, and restricted cash end of period	$ 2,893	68,034	42,587	2,893
Accident Protection Plan [Member]
Change in operating assets and liabilities:
Increase (decrease) in deferred revenue		17,150	21,850	14,865
Service Contract [Member]
Change in operating assets and liabilities:
Increase (decrease) in deferred revenue		$ 24,542	$ 30,645	$ 14,760

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021
Common Stock [Member]
Statement [Line Items]
Balance (in shares)	13,642,185	13,591,889	13,478,733
Balance	$ 136	$ 136	$ 135
Issuance of common stock (in shares)	33,867	9,721	2,921
Issuance of common stock	$ 0	$ 0	$ 0
Stock options exercised (in shares)	25,416	40,575	110,235
Stock options exercised	$ 1		$ 1
Purchase of treasury shares	0	0	0
Stock based compensation	0	0	0
Dividends on subsidiary preferred stock	0	0	0
Net income	$ 0	$ 0	$ 0
Balance (in shares)	13,701,468	13,642,185	13,591,889
Balance	$ 137	$ 136	$ 136
Additional Paid-in Capital [Member]
Statement [Line Items]
Balance	103,113	98,812	88,559
Issuance of common stock	286	293	258
Stock options exercised	1,216	(1,488)	4,033
Purchase of treasury shares	0	0	0
Stock based compensation	5,314	5,496	5,962
Dividends on subsidiary preferred stock	0	0	0
Net income	0	0	0
Balance	109,929	103,113	98,812
Retained Earnings [Member]
Statement [Line Items]
Balance	665,410	570,436	465,656
Issuance of common stock	0	0	0
Stock options exercised	0	0	0
Purchase of treasury shares	0	0	0
Stock based compensation	0	0	0
Dividends on subsidiary preferred stock	(40)	(40)	(40)
Net income	20,432	95,014	104,820
Balance	685,802	665,410	570,436
Treasury Stock, Common [Member]
Statement [Line Items]
Balance	(292,225)	(257,527)	(246,911)
Issuance of common stock	0	0	0
Stock options exercised	0	0	0
Purchase of treasury shares	(5,196)	(34,698)	(10,616)
Stock based compensation	0	0	0
Dividends on subsidiary preferred stock	0	0	0
Net income	0	0	0
Balance	(297,421)	(292,225)	(257,527)
Noncontrolling Interest [Member]
Statement [Line Items]
Balance	100	100	100
Issuance of common stock	0	0	0
Stock options exercised	0	0	0
Purchase of treasury shares	0	0	0
Stock based compensation	0	0	0
Dividends on subsidiary preferred stock	0	0	0
Net income	0	0	0
Balance	100	100	100
Balance	476,534	411,957	307,539
Issuance of common stock	$ 286	$ 293	$ 258
Stock options exercised (in shares)	28,000	94,000	131,350
Stock options exercised	$ 1,217	$ (1,488)	$ 4,034
Purchase of treasury shares	(5,196)	(34,698)	(10,616)
Stock based compensation	5,314	5,496	5,962
Dividends on subsidiary preferred stock	(40)	(40)	(40)
Net income	20,432	95,014	104,820
Balance	$ 498,547	$ 476,534	$ 411,957

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parentheticals) - shares	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Purchase of treasury shares (in shares)	57,856	304,204	106,590

Note A - Organization and Busin

Note A - Organization and Business	12 Months Ended
	Apr. 30, 2023
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, 2023,

Note B - Summary of Significant

Note B - Summary of Significant Accounting Policies	12 Months Ended
	Apr. 30, 2023
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 28.0% of revenues resulting from sales to Arkansas customers. As of April 30, 2023, one 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 trusts. 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 for the years ending April 30, 2023 April 30, 2022: (In thousands) April 30, 2023 April 30, 2022 Restricted cash from collections on auto finance receivables $ 34,442 $ 24,242 Restricted cash on deposit in reserve accounts 23,796 11,429 Restricted Cash $ 58,238 $ 35,671 Financing and Securitization Transactions The Company utilizes term securitizations 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 trusts and is required to consolidate them. 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 a weighted average interest rate of approximately 16.7% using the simple effective interest method including any deferred fees. In December 2022, not not April 30, 2023 April 30, 2022 . An account is considered delinquent when the customer is one not may April 30, 2023, 30 April 30, 2022. 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 money 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 69 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 30 The calculation of the allowance for credit losses uses the following primary factors: ● The probability of default (“PD”) or the number of units repossessed or charged-off divided by the number of units financed over the last five 1, 1.5, 2, 3, 4, 5 ● Loss given at default (“LGD”) or the average net repossession and charge-off loss per unit during the last 18 ● The timing of repossession and charge-off loss 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 18 18 An adjustment is incorporated in calculating the adjusted historical average remaining net loss per unit, for loans originated in the past 12 A historical loss rate is produced by this analysis which is then adjusted by qualitative factors and to reflect current and forecasted inflationary economic conditions over the Company’s reasonable and supportable forecast period of one The Company considers qualitative macro-economic factors that would affect its customers non-discretionary income, such as changes in inflation, which impact 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 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 a difference. At April 30, 2023, not No April 30, 2023 2022. 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 2023 2022. The Company had $11.7 million and $8.6 million of goodwill for the periods ended April 30, 2023 2022, April 30, 2023 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 Long-Lived Assets Long-lived assets, such as property and equipment, capitalized internal-use software and operating lease right-of-us assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not first not no Cloud Computing Implementation Costs The Company enters into cloud computing service contracts to support its sales, inventory management, and administrative activities. The Company capitalizes certain implementation costs for cloud computing arrangements that meet the definition of a service contract. The Company includes these capitalized implementation costs within Prepaid expenses and other assets on the Consolidated Balance Sheets. Once placed in service, the Company amortizes these costs over the remaining subscription term to the same caption on the Consolidated Statement of Operations as the related cloud subscription. Capitalized implementation costs for cloud computing arrangements accounted for as service contracts were $9.0 million and $6.0 million as of April 30, 2023, 2022, April 30, 2023 2022, 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 2019. 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 accrued penalties or interest as of April 30, 2023 2022, 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. Revenues from the sale of used vehicles are recognized when the sales contract is signed, the customer has taken possession of the vehicle and, if applicable, financing has been approved. Revenues from the sale of vehicles sold at wholesale are recognized at the time the proceeds are received. Revenues from the sale of service contracts are recognized ratably over the expected duration of the product. Service contract revenues are included in sales and the related expenses are included in cost of sales. Accident protection plan revenues are initially deferred and then recognized to income using the “Rule of 78’s” Sales consist of the following for the years ended April 30, 2023, 2022 2021: Years Ended April 30, (In thousands) 2023 2022 2021 Sales – used autos $ 1,057,465 $ 918,414 $ 708,431 Wholesales – third party 59,695 51,641 34,286 Service contract sales 57,593 42,958 30,733 Accident protection plan revenue 34,526 30,685 25,679 Total $ 1,209,279 $ 1,043,698 $ 799,129 At April 30, 2023 2022, 90 2023, 2022 2021, During the years ended April 30, 2023 2022, April 30, 2022 2021, Advertising Costs Advertising costs are expensed as incurred and consist principally of television, radio, print media and digital marketing costs. Advertising costs amounted to $5.8 million, $5.0 million and $2.9 million for the years ended April 30, 2023, 2022 2021, Employee Benefit Plans The Company has 401 April 30, 2023, 2022 2021, The Company offers employees the right to purchase common shares at a 15% discount from market price under the 2006 October 2006. 15% 2023, 2022 2021 not April 30, 2023. 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 April 30, 2023 2022, Treasury Stock The Company purchased 57,856, 304,204, and 106,590 shares of its common stock to be held as treasury stock for a total cost of $5.2 million, $34.7 million and $10.6 million during the years ended April 30, 2023, 2023 2021, 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 to 10 years. Most leases include one April 30, 2023 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, 2023 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 Issued Accounting Pronouncements Not In March 2022, 2022 02, Financial Instruments Credit Losses December 15, 2022. no

Note C - Finance Receivables, N

Note C - Finance Receivables, Net	12 Months Ended
	Apr. 30, 2023
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 18.0% for all states except Arkansas (which is subject to a usuary cap of 17%) and Illinois (where dealerships originate at 19.5% to 21.5%), are collateralized by the vehicle sold and typically provide for payments over periods ranging from 18 to 69 months. The Company’s finance receivables are defined as one April 30, 2023, 2022 (In thousands) April 30, 2023 April 30, 2022 Gross contract amount $ 1,752,149 $ 1,378,803 Less unearned finance charges (378,777 ) (277,306 ) Principal balance 1,373,372 1,101,497 Less allowance for credit losses (299,608 ) (237,823 ) Finance receivables, net $ 1,073,764 $ 863,674 Auto finance receivables collateralizing the non-recourse notes payable related to the financing and securitization transaction completed during the fiscal year 2023 2022 Changes in the finance receivables, net for the years ended April 30, 2023, 2022 2021 Years Ended April 30, (In thousands) 2023 2022 2021 Balance at beginning of period $ 863,674 $ 632,270 $ 472,401 Finance receivable originations 1,161,132 1,009,858 762,717 Finance receivable collections (434,458 ) (417,796 ) (370,254 ) Provision for credit losses (352,860 ) (238,054 ) (153,835 ) Losses on claims for accident protection plan (25,107 ) (21,871 ) (18,954 ) Inventory acquired in repossession and accident protection plan claims (138,617 ) (100,734 ) (59,805 ) Balance at end of period $ 1,073,764 $ 863,674 $ 632,270 Changes in the finance receivables allowance for credit losses for the years ended April 30, 2023, 2022 2021 Years Ended April 30, (In thousands) 2023 2022 2021 Balance at beginning of period $ 237,823 $ 177,267 $ 148,781 Provision for credit losses 352,860 238,054 153,835 Charge-offs, net of recovered collateral (291,075 ) (177,498 ) (125,349 ) Balance at end of period $ 299,608 $ 237,823 $ 177,267 Amounts recovered from previously written-off accounts were $2.5 million, $2.4 million, and $1.9 million for the years ended April 30, 2023, 2022 2021, As a result of improved credit losses during the fiscal year 2021, fourth 2021 April 30, 2022. fourth 2023, Credit quality information for finance receivables is as follows: (Dollars in thousands) April 30, 2023 April 30, 2022 Principal Percent of Principal Percent of Balance Portfolio Balance Portfolio Current $ 1,166,860 84.96 % $ 958,808 87.05 % 3 - 29 days past due 156,943 11.43 % 109,873 9.97 % 30 - 60 days past due 37,214 2.71 % 22,477 2.04 % 61 - 90 days past due 8,407 0.61 % 7,360 0.67 % > 90 days past due 3,948 0.29 % 2,979 0.27 % Total $ 1,373,372 100.00 % $ 1,101,497 100.00 % 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 2023 2022 Average total collected per active customer per month $ 534 $ 513 Principal collected as a percent of average finance receivables 34.7 % 43.5 % Average down-payment percentage 5.4 % 6.4 % Average originating contract term (in months 42.9 40.2 April 30, 2023 April 30, 2022 Portfolio weighted average contract term, including modifications (in months 46.3 42.9 Although total dollars collected per active customer increased 4.1% year over year, principal collections as a percentage of average finance receivables were lower in fiscal 2023 2022 2023. 2022. 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, 2023 Customer Score by Fiscal Year of Origination (Dollars in thousands) 2023 2022 2021 2020 2019 Prior to 2019 Total % 1-2 $ 38,743 $ 12,983 $ 2,736 $ 329 $ 32 $ 6 $ 54,829 4.0 % 3-4 294,972 105,101 24,982 1,698 243 137 427,133 31.1 % 5-6 563,581 254,945 66,436 5,390 687 371 891,410 64.9 % Total $ 897,296 $ 373,029 $ 94,154 $ 7,417 $ 962 $ 514 $ 1,373,372 100.0 % 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 (Dollars in thousands) 2022 2021 2020 2019 2018 Prior to 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 %

Note D - Property and Equipment

Note D - Property and Equipment	12 Months Ended
	Apr. 30, 2023
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, 2023 April 30, 2022 Land $ 12,386 $ 11,749 Buildings and improvements 20,894 13,876 Furniture, fixtures and equipment (1) 18,989 10,163 Leasehold improvements 47,315 36,392 Construction in progress 7,176 14,234 Accumulated depreciation and amortization (45,078 ) (41,002 ) Property and equipment, net (1) $ 61,682 $ 45,412 ( 1 Property and equipment, net at April 30, 2022

Note E - Accrued Liabilities

Note E - Accrued Liabilities	12 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	E - Accrued Liabilities A summary of accrued liabilities is as follows: (In thousands) April 30, 2023 April 30, 2022 Employee compensation and benefits $ 11,197 $ 12,865 Deferred sales tax (see Note B) 8,543 7,388 Reserve for accident protection plan claims 5,694 4,761 Fair value of contingent consideration 1,943 3,544 Other 6,229 4,072 Accrued liabilities $ 33,606 $ 32,630

Note F - Debt

Note F - Debt	12 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	F - Debt A summary of debt is as follows: (In thousands) 2023 2022 Revolving line of credit $ 168,516 $ 46,674 Debt issuance costs (1,285 ) (2,004 ) Revolving line of credit, net $ 167,231 $ 44,670 Non-recourse notes payable - 2022 Issuance $ 134,137 $ 399,994 Non-recourse notes payable - 2023 Issuance 338,777 Debt issuance costs (1,547 ) (4,008 ) Non-recourse notes payable, net $ 471,367 $ 395,986 Total debt $ 638,598 $ 440,656 Revolving Line of Credit At April 30, 2023, September 29, 2024. four April 30, 2023 April 30, 2022. The Company was in compliance with the covenants at April 30, 2023. April 30, 2023, Non-Recourse Notes Payable The Company has issued two “2022 “2023 2022 four 2023 four not April 20, 2029 January 22, 2030, may

Note G - Fair Value Measurement

Note G - Fair Value Measurements	12 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	G - Fair Value Measurements 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 The methodology and assumptions utilized to estimate the fair value of the Company’s financial instruments are as follows: 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 October 2022 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 (Level 2 The estimated fair values, and related carrying amounts, of the financial instruments included in the Company’s financial statements at April 30, 2023 2022 April 30, 2023 April 30, 2022 (In thousands) Carrying Fair Carrying Fair Cash and cash equivalents $ 9,796 $ 9,796 $ 6,916 $ 6,916 Restricted cash 58,238 58,238 35,671 35,671 Finance receivables, net 1,073,764 844,624 863,674 677,421 Accounts payable 27,195 27,195 20,055 20,055 Revolving line of credit 167,231 167,231 44,670 44,670 Non-recourse notes payable 471,367 470,209 395,986 395,986

Note H - Income Taxes

Note H - Income Taxes	12 Months Ended
	Apr. 30, 2023
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) 2023 2022 2021 Provision for income taxes Current $ (3,504 ) $ 18,871 $ 23,273 Deferred 8,866 8,750 7,239 Total $ 5,362 $ 27,621 $ 30,512 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) 2023 2022 2021 Tax provision at statutory rate $ 5,417 $ 25,753 $ 28,420 State taxes, net of federal benefit 774 3,679 4,060 Tax benefit from option exercises (558 ) (1,356 ) (1,401 ) Other, net (271 ) (455 ) (567 ) Total $ 5,362 $ 27,621 $ 30,512 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) 2023 2022 Deferred income tax liabilities related to: Finance receivables $ 47,486 $ 37,682 Property and equipment 3,262 1,368 Goodwill 281 194 Total 51,029 39,244 Deferred income tax assets related to: Accrued liabilities 3,051 2,524 Inventory 204 316 Share based compensation 4,634 3,561 State net operating loss 164 168 Deferred revenue 3,661 2,226 Total 11,714 8,795 Deferred income tax liabilities, net $ 39,315 $ 30,449

Note I - Capital Stock

Note I - Capital Stock	12 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Equity [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, 2023
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, 2023 2022 2021 Weighted average shares outstanding-basic 6,371,229 6,509,673 6,628,749 Dilutive options and restricted stock 195,667 313,808 332,826 Weighted average shares outstanding-diluted 6,566,896 6,823,481 6,961,575 Antidilutive securities not included: Options 315,625 120,000 152,500 Restricted Stock 15,231 4,784 2,479

Note K - Stock-based Compensati

Note K - Stock-based Compensation Plans	12 Months Ended
	Apr. 30, 2023
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, 2023 April 30, 2023, 2022 2021, 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 August 30, 2022, not not ten 2022 2033. Restated Option Plan Minimum exercise price as a percentage of fair market value at date of grant 100% Last expiration date for outstanding options February 20, 2033 Shares available for grant at April 30, 2023 260,000 The aggregate intrinsic value of outstanding options at April 30, 2023 2022 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. Years Ended April 30, 2023 2022 2021 Expected term (years) 5.5 5.5 5.5 Risk-free interest rate 3.60 % 0.86 % 0.36 % Volatility 55 % 51 % 50 % 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 the historical volatility of the Company’s common stock. The Company has not not There were 140,000 options granted during fiscal 2023 2022 2021. 2023, 2022 2021 three five The following is an aggregate summary of the activity in the Company’s stock option plans from April 30, 2020 April 30, 2023: Number Exercise Proceeds Weighted Average of Price on Exercise Price per Options per Share Exercise Share (in thousands) Outstanding at April 30, 2020 667,750 $ 45,777 $ 68.55 Granted 30,000 $ 65.95 1,979 65.95 Exercised (131,350 ) 24.69 99.05 (6,730 ) 51.24 Cancelled - - Outstanding at April 30, 2021 566,400 $ 41,026 $ 72.43 Granted 30,000 $ 150.83 4,525 150.83 Exercised (94,000 ) 24.37 150.83 (6,276 ) 66.76 Cancelled (1,000 ) $ 41.86 (42 ) 41.86 Outstanding at April 30, 2022 501,400 $ 39,232 $ 78.25 Granted 140,000 61.02 94.59 9,687 69.19 Exercised (28,000 ) 44.52 53.02 (1,439 ) 51.38 Cancelled - - Outstanding at April 30, 2023 613,400 $ 47,480 $ 77.41 Stock option compensation expense on a pre-tax basis was $3.7 million ($2.9 million after tax effects), $4.5 million ($3.4 million after tax effects) and $3.9 million ($3.0 million after tax effects) for the years ended April 30, 2023, 2022 2021, April 30, 2023, 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) 2023 2022 2021 Options Exercised 28,000 94,000 131,350 Cash Received from Options Exercised $ 1,216 $ 591 $ 5,120 Intrinsic Value of Options Exercised $ 1,412 $ 7,124 $ 7,894 During the year ended April 30, 2023, As of April 30, 2023, 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, 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 Shares granted 40,470 68.78 Shares vested (29,500 ) 35.31 Shares cancelled (10,301 ) 69.14 Unvested shares at April 30, 2023 181,783 $ 61.22 The fair value at vesting for Awards under the stock incentive plan was $11.1 million, $10.1 million, and $9.9 million in fiscal 2023, 2022 2021, The Company recorded compensation cost of approximately $1.6 million ($1.2 million after tax effects), $981,000 ($749,000 after tax effects) and $1.1 million ($878,000 after tax effects) related to the Restated Incentive Plan during the years ended April 30, 2023, 2022 2021, April 30, 2023,

Note L - Commitments and Contin

Note L - Commitments and Contingencies	12 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	L - Commitments and Contingencies Letter of Credit The Company has two April 30, 2023. 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, 2023, Years Ending Amount April 30, (In thousands) 2024 $ 7,782 2025 7,770 2026 7,232 2027 6,720 2028 6,137 Thereafter 46,546 Total undiscounted operating lease payments 82,187 Less: imputed interest 19,887 Present value of operating lease liabilities $ 62,300 The $82.2 million of operating lease commitments includes $13.3 $68.9 April 30, 2023, 2022 2021, 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, 2023
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, 2023, 2022 2021 Years Ended April 30, (in thousands) 2023 2022 2021 Supplemental disclosures: Interest paid $ 36,605 $ 10,421 $ 7,029 Income taxes paid, net 5,480 19,238 26,964 Non-cash transactions: Inventory acquired in repossession and accident protection plan claims 127,035 84,096 50,868 Net settlement option exercises 223 5,685 1,616 Right-of-use assets obtained in exchange for operating lease liabilities 2,307 3,176 2,510 Right-of-use assets obtained in exchange for operating lease liabilities through acquisitions - - -

Note N - Correction of An Immat

Note N - Correction of An Immaterial Error In Previously Issued Financial Statements	12 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Error Correction [Text Block]	N - Correction of an Immaterial Error in Previously Issued Financial Statements Subsequent to the issuance of our interim financial statements for the period ended July 31, 2022, no not The effects of the corrections to each of the individual affected line items in our Consolidated Balance Sheets and Consolidated Statements of Operations were as follows (in thousands): April 30, 2022 (in thousands) As Previously Reported Corrections As Corrected Finance receivables, net $ 854,290 $ 9,384 $ 863,674 Deferred income tax liabilities, net 28,233 2,216 30,449 Retained earnings 658,242 7,168 665,410

Note O - Subsequent Events

Note O - Subsequent Events	12 Months Ended
	Apr. 30, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	O - Subsequent Events None.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Apr. 30, 2023
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 28.0% of revenues resulting from sales to Arkansas customers. As of April 30, 2023, one
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 trusts. 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 for the years ending April 30, 2023 April 30, 2022: (In thousands) April 30, 2023 April 30, 2022 Restricted cash from collections on auto finance receivables $ 34,442 $ 24,242 Restricted cash on deposit in reserve accounts 23,796 11,429 Restricted Cash $ 58,238 $ 35,671
Financing and Securitization Transactions Policy [Policy Text Block]	Financing and Securitization Transactions The Company utilizes term securitizations 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 trusts and is required to consolidate them. 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 a weighted average interest rate of approximately 16.7% using the simple effective interest method including any deferred fees. In December 2022, not not April 30, 2023 April 30, 2022 . An account is considered delinquent when the customer is one not may April 30, 2023, 30 April 30, 2022. 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 money 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 69 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 30 The calculation of the allowance for credit losses uses the following primary factors: ● The probability of default (“PD”) or the number of units repossessed or charged-off divided by the number of units financed over the last five 1, 1.5, 2, 3, 4, 5 ● Loss given at default (“LGD”) or the average net repossession and charge-off loss per unit during the last 18 ● The timing of repossession and charge-off loss 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 18 18 An adjustment is incorporated in calculating the adjusted historical average remaining net loss per unit, for loans originated in the past 12 A historical loss rate is produced by this analysis which is then adjusted by qualitative factors and to reflect current and forecasted inflationary economic conditions over the Company’s reasonable and supportable forecast period of one The Company considers qualitative macro-economic factors that would affect its customers non-discretionary income, such as changes in inflation, which impact 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 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 a difference. At April 30, 2023, not No April 30, 2023 2022.
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 2023 2022. The Company had $11.7 million and $8.6 million of goodwill for the periods ended April 30, 2023 2022, April 30, 2023
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
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-Lived Assets Long-lived assets, such as property and equipment, capitalized internal-use software and operating lease right-of-us assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not first not no
Cloud Computing Implementation Costs [Policy Text Block]	Cloud Computing Implementation Costs The Company enters into cloud computing service contracts to support its sales, inventory management, and administrative activities. The Company capitalizes certain implementation costs for cloud computing arrangements that meet the definition of a service contract. The Company includes these capitalized implementation costs within Prepaid expenses and other assets on the Consolidated Balance Sheets. Once placed in service, the Company amortizes these costs over the remaining subscription term to the same caption on the Consolidated Statement of Operations as the related cloud subscription. Capitalized implementation costs for cloud computing arrangements accounted for as service contracts were $9.0 million and $6.0 million as of April 30, 2023, 2022, April 30, 2023 2022,
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 2019. 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 accrued penalties or interest as of April 30, 2023 2022,
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. Revenues from the sale of used vehicles are recognized when the sales contract is signed, the customer has taken possession of the vehicle and, if applicable, financing has been approved. Revenues from the sale of vehicles sold at wholesale are recognized at the time the proceeds are received. Revenues from the sale of service contracts are recognized ratably over the expected duration of the product. Service contract revenues are included in sales and the related expenses are included in cost of sales. Accident protection plan revenues are initially deferred and then recognized to income using the “Rule of 78’s” Sales consist of the following for the years ended April 30, 2023, 2022 2021: Years Ended April 30, (In thousands) 2023 2022 2021 Sales – used autos $ 1,057,465 $ 918,414 $ 708,431 Wholesales – third party 59,695 51,641 34,286 Service contract sales 57,593 42,958 30,733 Accident protection plan revenue 34,526 30,685 25,679 Total $ 1,209,279 $ 1,043,698 $ 799,129 At April 30, 2023 2022, 90 2023, 2022 2021, During the years ended April 30, 2023 2022, April 30, 2022 2021,
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 $5.8 million, $5.0 million and $2.9 million for the years ended April 30, 2023, 2022 2021,
Postemployment Benefit Plans, Policy [Policy Text Block]	Employee Benefit Plans The Company has 401 April 30, 2023, 2022 2021, The Company offers employees the right to purchase common shares at a 15% discount from market price under the 2006 October 2006. 15% 2023, 2022 2021 not April 30, 2023.
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 April 30, 2023 2022,
Treasury Stock [Policy Text Block]	Treasury Stock The Company purchased 57,856, 304,204, and 106,590 shares of its common stock to be held as treasury stock for a total cost of $5.2 million, $34.7 million and $10.6 million during the years ended April 30, 2023, 2023 2021, 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 to 10 years. Most leases include one April 30, 2023 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, 2023 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 Issued Accounting Pronouncements Not In March 2022, 2022 02, Financial Instruments Credit Losses December 15, 2022. no

Note B - Summary of Significa_2

Note B - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Apr. 30, 2023
Notes Tables
Restrictions on Cash and Cash Equivalents [Table Text Block]	(In thousands) April 30, 2023 April 30, 2022 Restricted cash from collections on auto finance receivables $ 34,442 $ 24,242 Restricted cash on deposit in reserve accounts 23,796 11,429 Restricted Cash $ 58,238 $ 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) 2023 2022 2021 Sales – used autos $ 1,057,465 $ 918,414 $ 708,431 Wholesales – third party 59,695 51,641 34,286 Service contract sales 57,593 42,958 30,733 Accident protection plan revenue 34,526 30,685 25,679 Total $ 1,209,279 $ 1,043,698 $ 799,129

Note C - Finance Receivables,_2

Note C - Finance Receivables, Net (Tables)	12 Months Ended
	Apr. 30, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(In thousands) April 30, 2023 April 30, 2022 Gross contract amount $ 1,752,149 $ 1,378,803 Less unearned finance charges (378,777 ) (277,306 ) Principal balance 1,373,372 1,101,497 Less allowance for credit losses (299,608 ) (237,823 ) Finance receivables, net $ 1,073,764 $ 863,674
Change In Finance Receivables Net [Table Text Block]	Years Ended April 30, (In thousands) 2023 2022 2021 Balance at beginning of period $ 863,674 $ 632,270 $ 472,401 Finance receivable originations 1,161,132 1,009,858 762,717 Finance receivable collections (434,458 ) (417,796 ) (370,254 ) Provision for credit losses (352,860 ) (238,054 ) (153,835 ) Losses on claims for accident protection plan (25,107 ) (21,871 ) (18,954 ) Inventory acquired in repossession and accident protection plan claims (138,617 ) (100,734 ) (59,805 ) Balance at end of period $ 1,073,764 $ 863,674 $ 632,270
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Years Ended April 30, (In thousands) 2023 2022 2021 Balance at beginning of period $ 237,823 $ 177,267 $ 148,781 Provision for credit losses 352,860 238,054 153,835 Charge-offs, net of recovered collateral (291,075 ) (177,498 ) (125,349 ) Balance at end of period $ 299,608 $ 237,823 $ 177,267
Financing Receivable, Past Due [Table Text Block]	(Dollars in thousands) April 30, 2023 April 30, 2022 Principal Percent of Principal Percent of Balance Portfolio Balance Portfolio Current $ 1,166,860 84.96 % $ 958,808 87.05 % 3 - 29 days past due 156,943 11.43 % 109,873 9.97 % 30 - 60 days past due 37,214 2.71 % 22,477 2.04 % 61 - 90 days past due 8,407 0.61 % 7,360 0.67 % > 90 days past due 3,948 0.29 % 2,979 0.27 % Total $ 1,373,372 100.00 % $ 1,101,497 100.00 %
Financing Receivable Credit Quality Indicators [Table Text Block]	Twelve Months Ended 2023 2022 Average total collected per active customer per month $ 534 $ 513 Principal collected as a percent of average finance receivables 34.7 % 43.5 % Average down-payment percentage 5.4 % 6.4 % Average originating contract term (in months 42.9 40.2 April 30, 2023 April 30, 2022 Portfolio weighted average contract term, including modifications (in months 46.3 42.9
Schedule of Financing Receivable by Fiscal Year of Origination [Table Text Block]	Customer Score by Fiscal Year of Origination (Dollars in thousands) 2023 2022 2021 2020 2019 Prior to 2019 Total % 1-2 $ 38,743 $ 12,983 $ 2,736 $ 329 $ 32 $ 6 $ 54,829 4.0 % 3-4 294,972 105,101 24,982 1,698 243 137 427,133 31.1 % 5-6 563,581 254,945 66,436 5,390 687 371 891,410 64.9 % Total $ 897,296 $ 373,029 $ 94,154 $ 7,417 $ 962 $ 514 $ 1,373,372 100.0 % Customer Score by Fiscal Year of Origination (Dollars in thousands) 2022 2021 2020 2019 2018 Prior to 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 %

Note D - Property and Equipme_2

Note D - Property and Equipment (Tables)	12 Months Ended
	Apr. 30, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	(In thousands) April 30, 2023 April 30, 2022 Land $ 12,386 $ 11,749 Buildings and improvements 20,894 13,876 Furniture, fixtures and equipment (1) 18,989 10,163 Leasehold improvements 47,315 36,392 Construction in progress 7,176 14,234 Accumulated depreciation and amortization (45,078 ) (41,002 ) Property and equipment, net (1) $ 61,682 $ 45,412

Note E - Accrued Liabilities (T

Note E - Accrued Liabilities (Tables)	12 Months Ended
	Apr. 30, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	(In thousands) April 30, 2023 April 30, 2022 Employee compensation and benefits $ 11,197 $ 12,865 Deferred sales tax (see Note B) 8,543 7,388 Reserve for accident protection plan claims 5,694 4,761 Fair value of contingent consideration 1,943 3,544 Other 6,229 4,072 Accrued liabilities $ 33,606 $ 32,630

Note F - Debt (Tables)

Note F - Debt (Tables)	12 Months Ended
	Apr. 30, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	(In thousands) 2023 2022 Revolving line of credit $ 168,516 $ 46,674 Debt issuance costs (1,285 ) (2,004 ) Revolving line of credit, net $ 167,231 $ 44,670 Non-recourse notes payable - 2022 Issuance $ 134,137 $ 399,994 Non-recourse notes payable - 2023 Issuance 338,777 Debt issuance costs (1,547 ) (4,008 ) Non-recourse notes payable, net $ 471,367 $ 395,986 Total debt $ 638,598 $ 440,656

Note G - Fair Value Measureme_2

Note G - Fair Value Measurements (Tables)	12 Months Ended
	Apr. 30, 2023
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	April 30, 2023 April 30, 2022 (In thousands) Carrying Fair Carrying Fair Cash and cash equivalents $ 9,796 $ 9,796 $ 6,916 $ 6,916 Restricted cash 58,238 58,238 35,671 35,671 Finance receivables, net 1,073,764 844,624 863,674 677,421 Accounts payable 27,195 27,195 20,055 20,055 Revolving line of credit 167,231 167,231 44,670 44,670 Non-recourse notes payable 471,367 470,209 395,986 395,986

Note H - Income Taxes (Tables)

Note H - Income Taxes (Tables)	12 Months Ended
	Apr. 30, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Years Ended April 30, (In thousands) 2023 2022 2021 Provision for income taxes Current $ (3,504 ) $ 18,871 $ 23,273 Deferred 8,866 8,750 7,239 Total $ 5,362 $ 27,621 $ 30,512
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Years Ended April 30, (In thousands) 2023 2022 2021 Tax provision at statutory rate $ 5,417 $ 25,753 $ 28,420 State taxes, net of federal benefit 774 3,679 4,060 Tax benefit from option exercises (558 ) (1,356 ) (1,401 ) Other, net (271 ) (455 ) (567 ) Total $ 5,362 $ 27,621 $ 30,512
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Years Ended April 30, (In thousands) 2023 2022 Deferred income tax liabilities related to: Finance receivables $ 47,486 $ 37,682 Property and equipment 3,262 1,368 Goodwill 281 194 Total 51,029 39,244 Deferred income tax assets related to: Accrued liabilities 3,051 2,524 Inventory 204 316 Share based compensation 4,634 3,561 State net operating loss 164 168 Deferred revenue 3,661 2,226 Total 11,714 8,795 Deferred income tax liabilities, net $ 39,315 $ 30,449

Note J - Weighted Average Sha_2

Note J - Weighted Average Shares Outstanding (Tables)	12 Months Ended
	Apr. 30, 2023
Notes Tables
Schedule of Weighted Average Number of Shares [Table Text Block]	Years Ended April 30, 2023 2022 2021 Weighted average shares outstanding-basic 6,371,229 6,509,673 6,628,749 Dilutive options and restricted stock 195,667 313,808 332,826 Weighted average shares outstanding-diluted 6,566,896 6,823,481 6,961,575 Antidilutive securities not included: Options 315,625 120,000 152,500 Restricted Stock 15,231 4,784 2,479

Note K - Stock-based Compensa_2

Note K - Stock-based Compensation Plans (Tables)	12 Months Ended
	Apr. 30, 2023
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 February 20, 2033 Shares available for grant at April 30, 2023 260,000
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Years Ended April 30, 2023 2022 2021 Expected term (years) 5.5 5.5 5.5 Risk-free interest rate 3.60 % 0.86 % 0.36 % Volatility 55 % 51 % 50 % 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, 2020 667,750 $ 45,777 $ 68.55 Granted 30,000 $ 65.95 1,979 65.95 Exercised (131,350 ) 24.69 99.05 (6,730 ) 51.24 Cancelled - - Outstanding at April 30, 2021 566,400 $ 41,026 $ 72.43 Granted 30,000 $ 150.83 4,525 150.83 Exercised (94,000 ) 24.37 150.83 (6,276 ) 66.76 Cancelled (1,000 ) $ 41.86 (42 ) 41.86 Outstanding at April 30, 2022 501,400 $ 39,232 $ 78.25 Granted 140,000 61.02 94.59 9,687 69.19 Exercised (28,000 ) 44.52 53.02 (1,439 ) 51.38 Cancelled - - Outstanding at April 30, 2023 613,400 $ 47,480 $ 77.41
Schedule of Share-based Compensation, Stock Options, Exercises [Table Text Block]	Years Ended April 30, (Dollars in thousands) 2023 2022 2021 Options Exercised 28,000 94,000 131,350 Cash Received from Options Exercised $ 1,216 $ 591 $ 5,120 Intrinsic Value of Options Exercised $ 1,412 $ 7,124 $ 7,894
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Number Weighted Average 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 Shares granted 40,470 68.78 Shares vested (29,500 ) 35.31 Shares cancelled (10,301 ) 69.14 Unvested shares at April 30, 2023 181,783 $ 61.22

Note L - Commitments and Cont_2

Note L - Commitments and Contingencies (Tables)	12 Months Ended
	Apr. 30, 2023
Notes Tables
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Years Ending Amount April 30, (In thousands) 2024 $ 7,782 2025 7,770 2026 7,232 2027 6,720 2028 6,137 Thereafter 46,546 Total undiscounted operating lease payments 82,187 Less: imputed interest 19,887 Present value of operating lease liabilities $ 62,300

Note M - Supplemental Cash Fl_2

Note M - Supplemental Cash Flow Information (Tables)	12 Months Ended
	Apr. 30, 2023
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Years Ended April 30, (in thousands) 2023 2022 2021 Supplemental disclosures: Interest paid $ 36,605 $ 10,421 $ 7,029 Income taxes paid, net 5,480 19,238 26,964 Non-cash transactions: Inventory acquired in repossession and accident protection plan claims 127,035 84,096 50,868 Net settlement option exercises 223 5,685 1,616 Right-of-use assets obtained in exchange for operating lease liabilities 2,307 3,176 2,510 Right-of-use assets obtained in exchange for operating lease liabilities through acquisitions - - -

Note N - Correction of An Imm_2

Note N - Correction of An Immaterial Error In Previously Issued Financial Statements (Tables)	12 Months Ended
	Apr. 30, 2023
Notes Tables
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	April 30, 2022 (in thousands) As Previously Reported Corrections As Corrected Finance receivables, net $ 854,290 $ 9,384 $ 863,674 Deferred income tax liabilities, net 28,233 2,216 30,449 Retained earnings 658,242 7,168 665,410

Note A - Organization and Bus_2

Note A - Organization and Business (Details Textual)	12 Months Ended
	Apr. 30, 2023
Statement [Line Items]
Number of Operating Subsidiaries	2
Number of Dealerships Operated	156

Note B - Summary of Significa_3

Note B - Summary of Significant Accounting Policies (Details Textual)	1 Months Ended	7 Months Ended	12 Months Ended
	Dec. 31, 2022	Nov. 30, 2022	Apr. 30, 2023 USD ($) shares	Apr. 30, 2022 USD ($) shares	Apr. 30, 2021 USD ($) shares
Statement [Line Items]
Number of Reportable Segments			1
Average Finance Receivable Interest Rate			16.70%
Financing Receivable Interest Rate	18%	16.50%	18%
Interest Receivable			$ 6,115,000	$ 4,926,000
Finance Receivables, Customer Payments Due Either Weekly or Bi-Weekly, Percentage			79%
Financing Receivable, Greater Than or Equal to 30 Days Past Due, Percent of Portfolio			3.60%	3%
Average Age of Account at Charge-Off Date (Year)			12 years 3 months 18 days
Goodwill, Impairment Loss			$ 0	$ 0
Goodwill, Ending Balance			11,716,000	8,623,000
Goodwill, Period Increase (Decrease)			3,100,000
Income Tax Examination, Penalties and Interest Accrued, Total			0	0
Financing Receivable, Recorded Investment Greater Than 90 Days Past Due			3,900,000	3,000,000
Late Fee Income Generated by Servicing Financial Assets, Amount			4,400,000	3,100,000	$ 2,500,000
Contract with Customer, Liability, Revenue Recognized			26,800,000	16,500,000
Advertising Expense			$ 5,800,000	5,000,000	2,900,000
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	1,200,000	$ 908,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares) | shares			260,000
Tax Adjustments, Settlements, and Unusual Provisions			$ 558,000	$ 1,400,000
Stock Repurchased During Period, Shares (in shares) | shares			57,856	304,204	106,590
Stock Repurchased During Period, Value			$ 5,200,000	$ 34,700,000	$ 10,600,000
Treasury Stock Shares to Establish Reserve Account to Secure Service Contracts (in shares) | shares			10,000
Operating Lease, Weighted Average Remaining Lease Term (Year)			12 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent			4.40%
ACM Insurance Company [Member]
Statement [Line Items]
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]
Statement [Line Items]
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			129,254
Implementation Costs for Cloud Computing Arrangements [Member]
Statement [Line Items]
Capitalized Contract Cost, Net			$ 9,000,000	6,000,000
Capitalized Contract Cost, Accumulated Amortization			$ 136,709	$ 50,888
Minimum [Member]
Statement [Line Items]
Lessee, Operating Lease, Term of Contract (Year)			3 years
Lessee, Operating Lease, Renewal Term (Year)			3 years
Maximum [Member]
Statement [Line Items]
Lessee, Operating Lease, Term of Contract (Year)			10 years
Lessee, Operating Lease, Renewal Term (Year)			10 years
Revolving Credit Facility [Member]
Statement [Line Items]
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%
ARKANSAS
Statement [Line Items]
Financing Receivable Interest Rate	16.50%		17%
ILLINOIS | Minimum [Member]
Statement [Line Items]
Financing Receivable Interest Rate	19.50%		19.50%
ILLINOIS | Maximum [Member]
Statement [Line Items]
Financing Receivable Interest Rate	21.50%		21.50%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Arkansas, USA [Member]
Statement [Line Items]
Concentration Risk, Percentage			28%

Note B - Summary of Significa_4

Note B - Summary of Significant Accounting Policies - Restricted Cash (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022
Statement [Line Items]
Restricted Cash	$ 58,238	$ 35,671
Collections On Auto Finance Receivables [Member]
Statement [Line Items]
Restricted Cash	34,442	24,242
Deposit in Reserve Accounts [Member]
Statement [Line Items]
Restricted Cash	$ 23,796	$ 11,429

Note B - Summary of Significa_5

Note B - Summary of Significant Accounting Policies - Property and Equipment, Estimated Useful Lives (Details)	Apr. 30, 2023
Furniture, Fixtures and Equipment [Member] | Minimum [Member]
Statement [Line Items]
Property, Plant and Equipment, Useful Life (Year)	3 years
Furniture, Fixtures and Equipment [Member] | Maximum [Member]
Statement [Line Items]
Property, Plant and Equipment, Useful Life (Year)	7 years
Leasehold Improvements [Member] | Minimum [Member]
Statement [Line Items]
Property, Plant and Equipment, Useful Life (Year)	5 years
Leasehold Improvements [Member] | Maximum [Member]
Statement [Line Items]
Property, Plant and Equipment, Useful Life (Year)	15 years
Building and Building Improvements [Member] | Minimum [Member]
Statement [Line Items]
Property, Plant and Equipment, Useful Life (Year)	18 years
Building and Building Improvements [Member] | Maximum [Member]
Statement [Line Items]
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, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Sales	$ 1,209,279	$ 1,043,698	$ 799,129
Sales Used Autos [Member]
Statement [Line Items]
Sales	1,057,465	918,414	708,431
Wholesales Third Party [Member]
Statement [Line Items]
Sales	59,695	51,641	34,286
Service Contract Sales [Member]
Statement [Line Items]
Sales	57,593	42,958	30,733
Payment Protection Plan Revenue [Member]
Statement [Line Items]
Sales	$ 34,526	$ 30,685	$ 25,679

Note C - Finance Receivables,_3

Note C - Finance Receivables, Net (Details Textual)	1 Months Ended	3 Months Ended	7 Months Ended	12 Months Ended
	Dec. 31, 2022	Apr. 30, 2021 USD ($)	Nov. 30, 2022	Apr. 30, 2023 USD ($)	Apr. 30, 2022 USD ($)	Apr. 30, 2021 USD ($)	Apr. 30, 2020 USD ($)
Statement [Line Items]
Financing Receivable Interest Rate	18%		16.50%	18%
Finance Receivables, Number of Loan Classes				1
Finance Receivables, Number of Risk Pools				1
Financing Receivable, after Allowance for Credit Loss		$ 632,270,000		$ 1,073,764,000	$ 863,674,000	$ 632,270,000	$ 472,401,000
Financing Receivable, Allowance for Credit Loss, Recovery				$ 2,500,000	$ 2,400,000	$ 1,900,000
Finance Receivables, Allowance, Percent of Principle Balance		23.55%		23.91%	23.57%	23.55%	25.43%
Financing Receivable, Credit Loss, Expense (Reversal)		$ (14,200,000)		$ 352,860,000	$ 238,054,000	$ 153,835,000
Finance Receivables, Total Increase (Decrease) in Dollars Collected Per Active Customer, Percentage				4.10%
Increase (Decrease) in Average Selling Price					$ 1,708
Increase (Decrease) in Average Selling Price, Percentage					10.40%
Automobile Loan [Member] | Asset Pledged as Collateral [Member] | Notes Payable [Member]
Statement [Line Items]
Financing Receivable, after Allowance for Credit Loss				$ 721,900,000	$ 550,300,000
Minimum [Member]
Statement [Line Items]
Financing Receivable Payment Period (Month)				18 months
Maximum [Member]
Statement [Line Items]
Financing Receivable Payment Period (Month)				69 months
ARKANSAS
Statement [Line Items]
Financing Receivable Interest Rate	16.50%			17%
ILLINOIS | Minimum [Member]
Statement [Line Items]
Financing Receivable Interest Rate	19.50%			19.50%
ILLINOIS | Maximum [Member]
Statement [Line Items]
Financing Receivable Interest Rate	21.50%			21.50%

Note C - Finance Receivables,_4

Note C - Finance Receivables, Net - Components of Finance Receivables (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Statement [Line Items]
Gross contract amount	$ 1,752,149	$ 1,378,803
Less unearned finance charges	(378,777)	(277,306)
Principal balance	1,373,372	1,101,497
Less allowance for credit losses	(299,608)	(237,823)	$ (177,267)	$ (148,781)
Finance receivables, net	$ 1,073,764	$ 863,674	$ 632,270	$ 472,401

Note C - Finance Receivables,_5

Note C - Finance Receivables, Net - Changes in Finance Receivables (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Balance		$ 863,674	$ 632,270	$ 472,401
Finance receivable originations		1,161,132	1,009,858	762,717
Finance receivable collections		(434,458)	(417,796)	(370,254)
Provision for credit losses	$ 14,200	(352,860)	(238,054)	(153,835)
Losses on claims for accident protection plan		(25,107)	(21,871)	(18,954)
Inventory acquired in repossession and accident protection plan claims		(138,617)	(100,734)	(59,805)
Balance	$ 632,270	$ 1,073,764	$ 863,674	$ 632,270

Note C - Finance Receivables,_6

Note C - Finance Receivables, Net - Changes in the Finance Receivables Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2021	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Balance		$ 237,823	$ 177,267	$ 148,781
Provision for credit losses	$ (14,200)	352,860	238,054	153,835
Charge-offs, net of recovered collateral		(291,075)	(177,498)	(125,349)
Balance	$ 177,267	$ 299,608	$ 237,823	$ 177,267

Note C - Finance Receivables,_7

Note C - Finance Receivables, Net - Credit Quality Information for Finance Receivables (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022
Statement [Line Items]
Principle Balance	$ 1,373,372	$ 1,101,497
Percent of Portfolio	100%	100%
Financial Asset, Not Past Due [Member]
Statement [Line Items]
Principle Balance	$ 1,166,860	$ 958,808
Percent of Portfolio	84.96%	87.05%
Financial Asset, 3 to 29 Days Past Due [Member]
Statement [Line Items]
Principle Balance	$ 156,943	$ 109,873
Percent of Portfolio	11.43%	9.97%
Financial Asset, 30 to 59 Days Past Due [Member]
Statement [Line Items]
Principle Balance	$ 37,214	$ 22,477
Percent of Portfolio	2.71%	2.04%
Financial Asset, 60 to 89 Days Past Due [Member]
Statement [Line Items]
Principle Balance	$ 8,407	$ 7,360
Percent of Portfolio	0.61%	0.67%
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Statement [Line Items]
Principle Balance	$ 3,948	$ 2,979
Percent of Portfolio	0.29%	0.27%

Note C - Finance Receivables,_8

Note C - Finance Receivables, Net - Financing Receivables Analysis (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Statement [Line Items]
Average total collected per active customer per month	$ 534	$ 513
Principal collected as a percent of average finance receivables	34.70%	43.50%
Average down-payment percentage	5.40%	6.40%
Average originating contract term (in months) (Month)	42 months 27 days	40 months 6 days
Portfolio weighted average contract term, including modifications (in months) (Year)	46 years 3 months 18 days	42 years 10 months 24 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, 2023	Apr. 30, 2022
Statement [Line Items]
2023, principal balance	$ 897,296	$ 786,471
2022, principal balance	373,029	268,454
2021, principal balance	94,154	43,951
2020, principal balance	7,417	2,467
2019, principal balance	962	129
Prior to 2019, principal balance	514	25
Principle Balance	$ 1,373,372	$ 1,101,497
Principal balance, percentage	100%	100%
2022, principal balance	$ 897,296	$ 786,471
2021, principal balance	373,029	268,454
2020, principal balance	94,154	43,951
2019, principal balance	7,417	2,467
2018, principal balance	962	129
Prior to 2018, principal balance	514	25
Customer Score 1-2 [Member]
Statement [Line Items]
2023, principal balance	38,743	37,916
2022, principal balance	12,983	11,493
2021, principal balance	2,736	2,221
2020, principal balance	329	77
2019, principal balance	32	0
Prior to 2019, principal balance	6	2
Principle Balance	$ 54,829	$ 51,709
Principal balance, percentage	4%	4.70%
2022, principal balance	$ 38,743	$ 37,916
2021, principal balance	12,983	11,493
2020, principal balance	2,736	2,221
2019, principal balance	329	77
2018, principal balance	32	0
Prior to 2018, principal balance	6	2
Customer Score 3-4 [Member]
Statement [Line Items]
2023, principal balance	294,972	260,298
2022, principal balance	105,101	84,118
2021, principal balance	24,982	13,537
2020, principal balance	1,698	587
2019, principal balance	243	14
Prior to 2019, principal balance	137	15
Principle Balance	$ 427,133	$ 358,569
Principal balance, percentage	31.10%	32.50%
2022, principal balance	$ 294,972	$ 260,298
2021, principal balance	105,101	84,118
2020, principal balance	24,982	13,537
2019, principal balance	1,698	587
2018, principal balance	243	14
Prior to 2018, principal balance	137	15
Customer Score 5-6 [Member]
Statement [Line Items]
2023, principal balance	563,581	488,257
2022, principal balance	254,945	172,843
2021, principal balance	66,436	28,193
2020, principal balance	5,390	1,803
2019, principal balance	687	115
Prior to 2019, principal balance	371	8
Principle Balance	$ 891,410	$ 691,219
Principal balance, percentage	64.90%	62.80%
2022, principal balance	$ 563,581	$ 488,257
2021, principal balance	254,945	172,843
2020, principal balance	66,436	28,193
2019, principal balance	5,390	1,803
2018, principal balance	687	115
Prior to 2018, principal balance	$ 371	$ 8

Note D - Property and Equipme_3

Note D - Property and Equipment (Details Textual) - USD ($) $ in Millions	Apr. 30, 2023	Apr. 30, 2022
Implementation Costs for Cloud Computing Arrangements [Member]
Statement [Line Items]
Capitalized Contract Cost, Net	$ 9	$ 6

Note D - Property and Equipme_4

Note D - Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands		Apr. 30, 2023	Apr. 30, 2022
Statement [Line Items]
Accumulated depreciation and amortization		$ (45,078)	$ (41,002)
Property and equipment, net(1)	[1]	61,682	45,412
Land [Member]
Statement [Line Items]
Property and equipment		12,386	11,749
Building and Building Improvements [Member]
Statement [Line Items]
Property and equipment		20,894	13,876
Furniture, Fixtures and Equipment [Member]
Statement [Line Items]
Property and equipment		18,989	10,163
Leasehold Improvements [Member]
Statement [Line Items]
Property and equipment		47,315	36,392
Construction in Progress [Member]
Statement [Line Items]
Property and equipment		$ 7,176	$ 14,234
[1]Property and equipment, net at April 30, 2022 reflects an immaterial reclassification of approximately $6.0 million of capitalized implementation costs related to a cloud-computing arrangement that were reclassified to Prepaid expenses and other assets.

Note E - Accrued Liabilities -

Note E - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022
Statement [Line Items]
Employee compensation and benefits	$ 11,197	$ 12,865
Deferred sales tax (see Note B)	8,543	7,388
Reserve for accident protection plan claims	5,694	4,761
Fair value of contingent consideration	1,943	3,544
Other	6,229	4,072
Accrued liabilities	$ 33,606	$ 32,630

Note F - Debt (Details Textual)

Note F - Debt (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 27, 2022
Notes Payable [Member]
Statement [Line Items]
Debt Instrument, Face Amount	$ 400.2		$ 400
Weighted Average Fixed Coupon Rate, Percent	8.68%		5.14%
Minimum Percent of Pool Balance	2%
Revolving Credit Facility [Member]
Statement [Line Items]
Line of Credit Facility, Additional Borrowing Capacity, Accordion Feature	$ 121.4
Revolving Credit Facility [Member] | BMO Harris Bank [Member]
Statement [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 600
Debt Instrument, Interest Rate, Effective Percentage	8.25%	2.85%
Revolving Credit Facility [Member] | BMO Harris Bank [Member] | Minimum [Member]
Statement [Line Items]
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]
Statement [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%

Note F - Debt Facilities - Summ

Note F - Debt Facilities - Summary of Debt Facilities (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022
Statement [Line Items]
Revolving line of credit, net	$ 167,231	$ 44,670
Non-recourse notes payable, net	471,367	395,986
Total debt	638,598	440,656
Line of Credit [Member]
Statement [Line Items]
Debt facilities, gross	168,516	46,674
Debt issuance costs	(1,285)	(2,004)
Non Recourse Notes Payable, 2022 Issuance [Member]
Statement [Line Items]
Debt facilities, gross	134,137	399,994
Non Recourse Notes Payable, 2023 Issuance [Member]
Statement [Line Items]
Debt facilities, gross	338,777
Notes Payable [Member]
Statement [Line Items]
Debt issuance costs	$ (1,547)	$ (4,008)

Note G - Fair Value Measureme_3

Note G - Fair Value Measurements (Details Textual)	1 Months Ended
	Oct. 31, 2022
Statement [Line Items]
Fair Value Inputs, Discount Rate, Intercompany Transactions	38.50%
Minimum [Member] | Measurement Input, Discount Rate [Member]
Statement [Line Items]
Receivables, Measurement Input	34%
Maximum [Member] | Measurement Input, Discount Rate [Member]
Statement [Line Items]
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, 2023	Apr. 30, 2022
Reported Value Measurement [Member]
Statement [Line Items]
Cash and cash equivalents	$ 9,796	$ 6,916
Restricted cash	58,238	35,671
Finance receivables, net	1,073,764	863,674
Accounts payable	27,195	20,055
Revolving line of credit	167,231	44,670
Non-recourse notes payable	471,367	395,986
Estimate of Fair Value Measurement [Member]
Statement [Line Items]
Cash and cash equivalents	9,796	6,916
Restricted cash	58,238	35,671
Finance receivables, net	844,624	677,421
Accounts payable	27,195	20,055
Revolving line of credit	167,231	44,670
Non-recourse notes payable	$ 470,209	$ 395,986

Note H - Income Taxes - Provisi

Note H - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Current	$ (3,504)	$ 18,871	$ 23,273
Deferred	8,866	8,750	7,239
Total	$ 5,362	$ 27,621	$ 30,512

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, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Tax provision at statutory rate	$ 5,417	$ 25,753	$ 28,420
State taxes, net of federal benefit	774	3,679	4,060
Tax benefit from option exercises	(558)	(1,356)	(1,401)
Other, net	(271)	(455)	(567)
Total	$ 5,362	$ 27,621	$ 30,512

Note H - Income Taxes - Deferre

Note H - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022
Statement [Line Items]
Finance receivables	$ 47,486	$ 37,682
Property and equipment	3,262	1,368
Goodwill	281	194
Total	51,029	39,244
Deferred income tax assets related to:
Accrued liabilities	3,051	2,524
Inventory	204	316
Share based compensation	4,634	3,561
State net operating loss	164	168
Deferred revenue	3,661	2,226
Total	11,714	8,795
Deferred income tax liabilities, net	$ 39,315	$ 30,449

Note I - Capital Stock (Details

Note I - Capital Stock (Details Textual) - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Statement [Line Items]
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]
Statement [Line Items]
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, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Weighted average shares outstanding-basic (in shares)	6,371,229	6,509,673	6,628,749
Dilutive options and restricted stock (in shares)	195,667	313,808	332,826
Weighted average shares outstanding-diluted (in shares)	6,566,896	6,823,481	6,961,575
Share-Based Payment Arrangement, Option [Member]
Statement [Line Items]
Antidilutive securities (in shares)	315,625	120,000	152,500
Restricted Stock [Member]
Statement [Line Items]
Antidilutive securities (in shares)	15,231	4,784	2,479

Note K - Stock-based Compensa_3

Note K - Stock-based Compensation Plans (Details Textual) - USD ($)					12 Months Ended
	Aug. 30, 2022	Aug. 26, 2020	Aug. 29, 2018	Aug. 05, 2015	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021	Aug. 28, 2018
Statement [Line Items]
Share-Based Payment Arrangement, Expense					$ 5,300,000	$ 5,500,000	$ 6,000,000
Share-Based Payment Arrangement, Expense, after Tax					4,100,000	4,200,000	$ 4,600,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value					$ 9,100,000	$ 8,400,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)					140,000	30,000	30,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Fair Value					$ 5,100,000	$ 2,100,000	$ 2,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options Exercised Through Net Settlements (in shares)					5,000
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)					2,584
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)					2,416
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number (in shares)					303,400
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value					$ 4,400,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term (Year)					5 years 7 months 6 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price (in dollars per share)					$ 82.89
Share-Based Payment Arrangement, Option [Member]
Statement [Line Items]
Share-Based Payment Arrangement, Expense					$ 3,700,000	4,500,000	3,900,000
Share-Based Payment Arrangement, Expense, after Tax					2,900,000	3,400,000	3,000,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount					$ 3,800,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)					1 year 1 month 6 days
Share-Based Payment Arrangement, Option [Member] | Minimum [Member]
Statement [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)					3 years
Share-Based Payment Arrangement, Option [Member] | Maximum [Member]
Statement [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)					5 years
Restated Option Plan [Member]
Statement [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Additional Shares Authorized (in shares)	185,000	200,000	200,000	300,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	2,385,000	2,200,000	2,000,000	1,800,000
Restated Option Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Statement [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)				10 years
Stock Incentive Plan [Member]
Statement [Line Items]
Share-Based Payment Arrangement, Expense					$ 1,600,000	981,000	1,100,000
Share-Based Payment Arrangement, Expense, after Tax					1,200,000	749,000	878,000
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					$ 5,900,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)					3 years 10 months 24 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value					$ 11,100,000	$ 10,100,000	$ 9,900,000

Note K - Stock-based Compensa_4

Note K - Stock-based Compensation Plans - Stock Option Plan Comparison (Details)	12 Months Ended
	Apr. 30, 2023 shares
Statement [Line Items]
Minimum exercise price as a percentage of fair market value at date of grant	100%
Last expiration date for outstanding options	Feb. 20, 2033
Shares available for grant at April 30, 2023 (in shares)	260,000

Note K - Stock-based Compensa_5

Note K - Stock-based Compensation Plans - Options Valuation Assumptions (Details)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Expected term (years) (Year)	5 years 6 months	5 years 6 months	5 years 6 months
Risk-free interest rate	3.60%	0.86%	0.36%
Volatility	55%	51%	50%

Note K - Stock-based Compensa_6

Note K - Stock-based Compensation Plans - Stock Option Activity (Details) - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Statement [Line Items]
Number of Shares (in shares)	501,400	566,400	667,750
Proceeds on Exercise	$ 47,480,000	$ 39,232,000	$ 41,026,000	$ 45,777,000
Weighted Average Exercise Price (in dollars per share)	$ 78.25	$ 72.43	$ 68.55
Number of Shares, Granted (in shares)	140,000	30,000	30,000
Exercise Price, Granted (in dollars per share)	$ 69.19	$ 150.83	$ 65.95
Proceeds on Exercise, Granted	$ 9,687,000	$ 4,525,000	$ 1,979,000
Number of Shares, Exercised (in shares)	(28,000)	(94,000)	(131,350)
Exercise Price, Exercised (in dollars per share)	$ 51.38	$ 66.76	$ 51.24
Proceeds on Exercise, Exercised	$ (1,439,000)	$ (6,276,000)	$ (6,730,000)
Number of Shares, Cancelled (in shares)	0	(1,000)	0
Proceeds on Exercise, Cancelled	$ 0	$ (42,000)	$ 0
Exercise Price, Cancelled (in dollars per share)		$ 41.86
Number of Shares (in shares)	613,400	501,400	566,400	667,750
Weighted Average Exercise Price (in dollars per share)	$ 77.41	$ 78.25	$ 72.43	$ 68.55
Minimum [Member]
Statement [Line Items]
Exercise Price, Exercised (in dollars per share)	44.52	24.37	24.69
Maximum [Member]
Statement [Line Items]
Exercise Price, Exercised (in dollars per share)	$ 53.02	$ 150.83	$ 99.05

Note K - Stock-based Compensa_7

Note K - Stock-based Compensation Plans - Options Exercised (Details) - USD ($) $ in Thousands	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Options Exercised (in shares)	28,000	94,000	131,350
Cash Received from Options Exercised	$ 1,216	$ 591	$ 5,120
Intrinsic Value of Options Exercised	$ 1,412	$ 7,124	$ 7,894

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, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
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
Shares granted (in shares)	40,470	11,287	7,690
Shares granted, weighted average grant date fair value (in dollars per share)	$ 68.78	$ 121.17	$ 98.43
Shares vested (in shares)	(29,500)	(6,500)	0
Shares cancelled (in shares)	(10,301)	(15,691)	(500)
Shares cancelled, weighted average grant date fair value (in dollars per share)	$ 69.14	$ 59.99	$ 35
Shares vested, weighted average grant date fair value (in dollars per share)	$ 35.31	$ 39.14
Unvested shares (in shares)	181,783	181,114	192,018
Unvested shares, weighted average grant date fair value (in dollars per share)	$ 61.22	$ 55.76	$ 51.70

Note L - Commitments and Cont_3

Note L - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Letters of Credit Outstanding, Amount	$ 2,850,000
Lessee, Operating Lease, Liability, to be Paid	82,187,000
Operating Lease, Expense	9,000,000	$ 8,000,000	$ 8,000,000
Non-cancelable [Member]
Statement [Line Items]
Lessee, Operating Lease, Liability, to be Paid	13,300,000
Reasonably Assured [Member]
Statement [Line Items]
Lessee, Operating Lease, Liability, to be Paid	$ 68,900,000
Minimum [Member]
Statement [Line Items]
Lessee, Operating Lease, Term of Contract (Year)	3 years
Minimum [Member] | Dealership Leases [Member]
Statement [Line Items]
Lessee, Operating Lease, Term of Contract (Year)	3 years
Maximum [Member]
Statement [Line Items]
Lessee, Operating Lease, Term of Contract (Year)	10 years
Maximum [Member] | Dealership Leases [Member]
Statement [Line Items]
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, 2023	Apr. 30, 2022
Statement [Line Items]
2024	$ 7,782
2025	7,770
2026	7,232
2027	6,720
2028	6,137
Thereafter	46,546
Total undiscounted operating lease payments	82,187
Less: imputed interest	19,887
Present value of operating lease liabilities	$ 62,300	$ 61,481

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, 2023	Apr. 30, 2022	Apr. 30, 2021
Statement [Line Items]
Interest paid	$ 36,605	$ 10,421	$ 7,029
Income taxes paid, net	5,480	19,238	26,964
Inventory acquired in repossession and accident protection plan claims	127,035	84,096	50,868
Net settlement option exercises	223	5,685	1,616
Right-of-use assets obtained in exchange for operating lease liabilities	2,307	3,176	2,510
Right-of-use assets obtained in exchange for operating lease liabilities through acquisitions	$ 0	$ 0	$ 0

Note N - Correction of An Imm_3

Note N - Correction of An Immaterial Error In Previously Issued Financial Statements - Correction of An Immaterial Error In Previously Issued Financial Statements (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Statement [Line Items]
Finance receivables, net	$ 1,073,764	$ 863,674	$ 632,270	$ 472,401
Deferred income tax liabilities, net	39,315	30,449
Retained earnings	$ 685,802	665,410
Previously Reported [Member]
Statement [Line Items]
Finance receivables, net		854,290
Deferred income tax liabilities, net		28,233
Retained earnings		658,242
Revision of Prior Period, Adjustment [Member]
Statement [Line Items]
Finance receivables, net		9,384
Deferred income tax liabilities, net		2,216
Retained earnings		$ 7,168