Wallace made his Busch Series debut in 1990 at the season-closing Winston Classic at Martinsville Speedway.
The next season, he ran nine Busch races for a variety of different teams and had a third-place finish at Lanier Raceway.
He also made his Winston Cup debut at the Pyroil 500, where he finished 31st in the Jimmy Means-owned car.
Wallace and Owen also ran a pair of Cup races, and their best finish was in 20th place in Atlanta.
In the Busch Series, he won his first career race at Dover, followed by victories at The Milwaukee Mile and Indianapolis Raceway Park.
The following season, Wallace failed to qualify for five races in the Cup series and dropped a spot in the standings.
Twelve races into the 1996 season, Wallace was released from his Cup ride with Donlavey.
Despite moving back down into the Busch Series full-time, Wallace only posted one Top 10 in the second half of the season, forcing Owen's team to close its doors.
91 LJ Racing Chevrolet Monte Carlo owned by Joe Falk and Ron Neal.
Although he did not win that season, he won his first career NASCAR pole at New Hampshire International Speedway and had seven Top 10s en route to a 15th-place point finish.
Ultra promoted Wallace back to the Cup Series for 2001 after Michael Waltrip left the team to drive for Dale Earnhardt, Inc., placing him in the No.
Wallace did not qualify for the Coca-Cola 600 or the spring race at Michigan and was pulled from the ride for Ted Musgrave at Pocono in June and Robby Gordon the next week at Sonoma.
Despite recording another Top 10 at Daytona in the Pepsi 400 and one more at New Hampshire, he failed to qualify again at Indianapolis and Watkins Glen.
12 Mobil 1 Ford Taurus as a teammate to his brother Rusty after Jeremy Mayfield was fired.
At Phoenix, he led 45 laps late in the race before giving the lead up to Jeff Burton, finishing a career-best 2nd.
He returned to run with Biagi for seventeen races in the Busch Series, posting two consecutive 14th-place finishes.
In the Cup series, he had two Top 10’s driving for Phoenix, as well as making eight starts filling for Jerry Nadeau in the No.
In the Cup Series, he drove three races for Arnold Motorsports, before leading 45 laps and finishing seventh at Richmond for Phoenix.
He returned to the Truck Series briefly for Darrell Waltrip Motorsports, finishing in the Top 9 twice.
He began 2006 in the Truck Series running for HT Motorsports but was released after finishing 31st in each of his first two starts.
48 for Fast Track Racing Enterprises in the Camping World Truck Series along with his daughter Chrissy Wallace.
Near the end of the 2011 season, Wallace won the NCWTS Coca-Cola 250 at Talladega Superspeedway after being pushed by Ron Hornaday for the majority of the race.
Wallace then had triple-bypass heart surgery in April, keeping him out of racing for the summer.
[4] On September 10, Wallace was suspended indefinitely by NASCAR for violating the sport's behavioral policy over a social media post.
[7] On January 2, 2025, it was announced that Wallace would return to NASCAR to attempt the 2025 Daytona 500 for MBM Motorsports.
* Season still in progress 1 Ineligible for series points (key) (Bold – Pole position awarded by qualifying time.