Good morning, everyone, and thank you for holding. And welcome to America’s Car-Mart’s Third Quarter 2009 Conference Call. The topic of this call will be the earnings and operating results for the company’s fiscal third quarter ended January 31st, 2009. Before we begin, I would like to remind everyone that this call is being recorded and will be available for replay for the next 30 days. The dial-in number and access information are included thin morning’s press release, which can be found on America’s Car-Mart’s website at www.car-mart.com. As all of you know, some of management’s comments today may be included in forward-looking statements, which inherently involve risks and uncertainties that could cause actual results to differ materially from management’s present view. These statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. The company cannot guarantee the accuracy of any forecast or estimate, nor does it undertake any obligation to update such forward-looking statements. For more information regarding forward-looking information, please see Item 1, Part 1 of the company’s Annual Report on Form 10-K for the fiscal year ended April 30th, 2008, and its current and quarterly reports furnished to and for the Securities and Exchange Commission on Forms 8-K and 10-Q. Participating on the call this morning are Skip Falgout, Car-Mart’s Chairman of the Board; Hank Henderson, the company’s Chief Executive Officer and President; and Jeff Williams, Chief Financial Officer. And now I would like to turn the call over to the company’s Chairman of the Board, Skip Falgout.

Good morning, everyone, and thank you for joining us. We are pleased to announce this morning that we have reported net income rose 8% to $3.6 million or $0.31 per diluted share, and that’s $0.37 excluding a non-cash $0.06 reduction for change in fair value of interest rate swap for the third quarter of fiscal 2009; and that’s versus $3.4 million or $0.28 per share for the prior period quarter. Overall, revenue growth is 3.3% and same-store revenue growth is 2.9%. On the credit and collection front, our provisions for credit losses decreased to 22.4% of sales in contrast to 23.4% for the prior year quarter. And Jeff will have additional credit information and add some background to those percentages in just a minute. We experienced strong cash flow during the quarter, which resulted in a decrease in our debt of $1.6 million to $36.2 million at quarter end, and a $5.7 million increase in financed receivables, as well as a $500,000 increase in capital asset additions. As Jeff will also discuss in more detail later, we expect cash flows to continue to be strong in our fourth quarter, as we receive special payments on our Zero Down plan for customers during the tax refunds. Again, these are solid results that are a reflection of our successful execution of our Buy Here/Pay Here business. We get asked a lot by investors, analysts, reporters, how can Car-Mart be so successful when most other automobile related entities seem to be in such dire straits nowadays? Well, there are at least three reasons. One is that our core customer base has always been challenged financially, so these bad times are nothing that we haven’t been dealing with since 1981. Second, our Buy Here/Pay Here model is especially well-suited to be successful if properly executed in both good times and bad, as we have proven consistently over our 27-year history. And third, we have the Car-Mart advantage, which includes our people, our systems and infrastructure, our size and financial capability, and our single-minded, disciplined approach to satisfying our mission and vision. During this call and over the coming weeks and months, you will hear us talk a lot more about these advantages, particularly the strategic and operational improvements we have made and are continuing to make as we grow our business. Now I’m going to turn it over to Jeff to get into the financials.

Thanks Skip. As mentioned in the press release, our top line revenues for the quarter increased by 3.3% compared to the third quarter of last year. The increase was the result of a 4.1% increase in our average retail selling price, a 4.3% increase in interest income, offset by a 0.5% decrease in units sold and a $200,000 decrease in wholesale sales. Same-store revenue increased by 2.9%, given the significant negative macro economic issues, we are pleased with the 3.3% top line growth for the quarter. Our down payment percentages for the quarter was 4.4% this year compared to 5.2% for the third quarter of 2008. Now this equates to approximately $500,000 less cash received for regular down payments during the quarter. The lower down payments were expected and were the result of the expansion of our Zero Down tax promotion, which began in November of 2008. This promotion is in fact a deferred down payment program, as we schedule special payments to coincide with actual tax refund receipts for our customers. We do not count these special payments in our down payment percentages; but when received, they typically exceed our normal down payments. Through February, we have already collected approximately $3.9 million of these special payments, which pushes the true third quarter down payment percentage collected to above 10%. In the prior year, we had collected only about 1.8 million in special payments through February, which equated to an approximate 8% true collected down payment percentage for the prior year third quarter. We do expect to collect most of the remaining special payments in March and April, which will push the ending down payment percentage associated with all Zero Down sales even higher, maybe as high as 13%. In the prior year quarter, after receipt of all special payments,…

All right, thanks, Jeff. Well, we are very pleased with our results this quarter, and particularly with regard to the success of our annual Zero Down promotion. The improved results of this promotion are an excellent example of what happens when best practices are identified and effectively put into place throughout the company. More structured procedures were implemented with regard to both the assistance provided to our customers and with the processing of their tax returns, and as to how the special payments were scheduled and tracked. We believe we also made progress with our overall promotion of this campaign as well, and with our advertising. As Jeff has already explained, these combined improvements resulted in not only increased sales specifically related to this promotion, but significantly improved cash flow as well. We are now beginning to move out of the traditional tax deal sales and into a time where seasonally sales have tended to dip somewhat; and in an effort to minimize the slacking of sales and to continue to carry this momentum forward, we are transitioning from advertising our tax season promotion to a more value-driven type of campaign. Our new advertising that will start in about a week is pretty much a ‘we’re still here’ message, highlighting the fact that while many more people cannot qualify for a car loan today as a result of overall credit tightening, we’re still here providing financing to good hard working folks just as we have since 1981. In addition to this advertising, we’ll be running an on-lot down payment assistance promotion, which effectively provides some relief on the required downs to customers based on time on the job, residence time, et cetera. We have had good success with similar style promotions in the past, and we do anticipate it to…

I would like to reiterate that my earlier comments regarding forward-looking statements apply both to the participants prepared remarks and to anything that may come up during the Q-and-A session. (Operator Instructions). Your first question comes from Ken Green - Boston American.

Given the differences in economic conditions around, there was an article recently that Arkansas was holding up a little bit better. And could you compare contrast regions? I know you’re pretty big in Texas and opened up a lot of new stores down there, and that’s the oil industry; and with Arkansas, the higher rates, I just wondered if you’re seeing any changes in geographic sections of the country?

I wouldn’t say so many of the macro factors affecting us in the different parts, from one to another. I mean, we’re primarily small towns across the south tend to be very similar. However, I don’t know if Jeff wants to speak on it or not, but specifically Texas, as you mentioned, we’ve made a lot of improvements there, things are doing much better there, but I think it moreover has to do with a lot of internal changes, more efficient management that we’ve made.

From an employment standpoint and Jeff has some information about that, but basically what we’ve seen is most of the areas we’re in are below the national averages on unemployment, better than most; but again, you go back to some of those areas where they’re higher than the national average, but they’ve always been higher, such as Southeast Arkansas, I [guess Hank] in Pine Bluff, and we continue to do well there. But generally speaking, the areas we’re in, employment is better than the national averages, although it certainly has crept up a tad.

And then a quick follow-up question. Given tighter credit, you cited that you are going to get a few more customers that normally might have gone into a dealer or something like that. How about your own credit? I mean, has tighter credit caused anything to America’s Car-Mart, or have you a collection of banks or credit facilities still open to you at the same level as you were before?

Yes, we currently have about $24.5 million of excess availability on our revolving credit facilities. So, we’re in good shape in terms of capital. We have a good group of banks in our lending group. They’re all in good shape financially; so we feel good about our situation, as far as the credit side of the business.

And Ken, we extended that credit facility back in December I guess it was, Jeff till April 10.

April 2010.

Your next question comes from Bill Armstrong - C.L. King and Associates. William Armstrong - C.L. King & Associates: The average selling price above 9,000, you mentioned that you have a slightly higher percentage of higher priced cars in your mix. I was wondering if you could just flesh that out. Are these for kind of targeted towards those new customers who are migrating down to the Buy Here/Pay Here space, and is that coming in as the expense of maybe fewer cars on your lots for your traditional customers?

Not really. We’ve always maintained a number of those, and primarily we view those for stepping up the good repeat customer. I will tell you that as we have gone through the tax time and obviously anticipate a higher sales level, we have increased our inventory overall. We really had some of the highest levels of inventory on a unit basis we’ve ever had. Along with that, we did decide to step those up a little bit more, and that was just for a couple of reasons. One is certainly to try to gain the attention of more of those customers that are now in this market; but really, they’re traffic drivers, they’re what we call our draw cars, sitting up there on the front row to help just increase traffic. We had increased it somewhat. We’re getting through this particular promotion. We’ll be bringing it back down a little bit; but the fact that we carried those is not really anything new to us at all. We just have carried a little more of them than typical. William Armstrong - C.L. King & Associates: Is that mix having any impact on your gross margin? I know historically, higher priced cars have given you a little bit less of a margin and lower priced cars a higher margin.

We’ve done a good job with the expense control and pricing efficiencies to offset some of that bump-up in the cost. So we’ve been able to maintain around that 43% gross margin percentage and expect to stay there, at least over the short-term going forward. And then as Hank mentioned, if we can somehow hold these costs steady, or actually have a slight decrease in costs, then we do have potential to maybe gain some basis points on the gross margin line. William Armstrong - C.L. King & Associates: And that reminds me about in your last call, three months ago, you did mention that the typical bump-up in prices at wholesale prices that you would normally have seen in the late fall was not materializing, because I guess a lot of competitors are having trouble financing purchases. Did you see that throughout the season, or did you see prices finally start to show a seasonal increase?

As we really got into the actual tax sales, most definitely there was more competition out there for a good quality lower-end car. I think in years’ past, what we have seen is that it happened a lot earlier, and we didn’t see the early spike that we normally do; which obviously that helped us, but as we really got into it, the pressure came on as always.

During the third quarter, we did buy a slightly better car, as far as fewer miles and a little younger in age, so that did contribute to some of the price increase, too. William Armstrong - C.L. King & Associates: And then my last question just has to do with new stores. It looks like you opened one during the third quarter. Is that correct?

Yes, that’s right. William Armstrong - C.L. King & Associates: And should we expect one for this quarter? And then what should we look for, for fiscal 2010?

As I mentioned, we have three in the works right now, and the timing is going to be close on all three of these. There may be one of those we have open at the very end of this quarter with the other two coming on shortly after the first of our next fiscal year.

At this time, I have no other questions in queue.

Okay.

Would you like to go ahead and take another question, sir? I do have another one that just showed up. Your next question comes from Ken Green - Boston American.

Just one quick follow-up question for Skip or Hank. What do you see on a competitive front? Is there the same old, same old? And what about regional movement of some of these auctions? But is that most a wholesaler outfit?

Yes, that’s definitely the wholesaler outfit, but that is a very good question. I will tell you that when things really started through the fall, starting to get tight, I think everybody anticipated seeing more competition going out of business, and truly we haven’t seen that as you really look at it on a local level, the competition. That may change as the year goes on, but our competition is still there.

Ken, part of the competition is actually coming from the new car dealers. They’re not making much money on new cars and some of their used car operations. Hank was telling me yesterday, we’ve seen some pricing for used cars that are kind of at our level from a new car dealership.

Yes, that’s an interesting question, because a lot of times they wouldn’t keep a lot of cars on their lots. They’d send them out to the auction. Maybe they’re keeping more cars on their lots from the trade-ins, whatever, because of the new car sales slow down.

Absolutely. We’re seeing that without question.

I know you buy some from those people. Does that cause a little bit less availability for you?

It makes us work a little harder. Actually, talking with one of our most tenured buyers last week, and yes, again, we in the smaller towns, and when a couple of the local dealers are hanging onto more there’s a little fewer there. We’ve done a good job of sourcing our cars, having an adequate number of cars has not been an issue for us really. It just maybe it makes us roll up our sleeves and work a little harder. But we’re continuing to source our cars just fine, but that can make it a little bit more of a challenge.

For Skip, I’m going to follow-up with a call, because we’re going to be down your way again, and so we may be able to hook up with you. Tilman Falgout III Look forward to seeing you, Ken.

Looks like we do have another question from Bill Armstrong - CL King & Associates. William Armstrong - C.L. King & Associates: Just a follow-up. Last year, obviously, you had huge comps in the fourth and the first quarters from the stimulus rebate promotion. Can you remind us, you had a 30% comp in the April quarter last year. Can you remind us how much of that comp was driven by that promotion?

I think at the time, I think we said we had like 1,300 deals in the quarter that were related to the stimulus program; but we also said that we probably would have gotten most of those sales anyway. It’s hard to quantify the incremental effect of that program. But there were about 1,300 deals that were directly associated with that stimulus program.

That actually went over April and May too.

Started around the first of April and went into May. William Armstrong - C.L. King & Associates: I remember that was a two-month deal, right? So that would have been 1,300 spread over both of those months?

Well, that was pretty much the April piece. I don’t recall exactly what May was, and again, it’s hard to say if most of those sales would have come through anyway without the promotion.

But we’re in favor of another one.

Again, the question queue is empty.

Okay. Well, I guess if that’s it, certainly we want to thank everybody for listening in. It was a good quarter for the company, and we started off our fourth quarter well. We’re excited by what we’re doing, and Hank mentioned some things that we’ll talk about a lot more that are some real improvements in the way we’re doing business and looking at our business; and we’ll look forward to reporting to you all our year-end results and fourth quarter results in a few months. Thank you very much.

This does conclude today’s conference call. You may now disconnect.