Americas Car Mart, Inc. (CRMT)

Shares of America's Car-Mart Stock (CRMT) dropped by 6.92% from $82.89 to $77.15 in the trading on Tuesday, October 17, 2023. The reason why CRMT stock down is due to the passing of former CEO William “Hank” Henderson on October 14. Henderson had led the company from 2007 to 2017 and played a significant role in its growth, expanding from 20 to 143 dealerships. Company executives and officials expressed deep condolences and highlighted Hank's dedication to associates and customers. His legacy and contributions to the company were widely acknowledged, and his unexpected loss was deeply felt by the Car-Mart community.