America’s Car-Mart, Inc. reports developments tied to its integrated used-vehicle sales and finance model. The company operates automotive dealerships in 12 states, primarily in smaller South-Central U.S. markets, and sells used vehicles while providing financing for substantially all of its customers.
Recurring news covers quarterly operating results, unit sales, gross profit, interest income, collections, finance receivables, delinquencies, charge-offs and credit-loss allowances. Company updates also address capital-structure actions, asset-backed securitizations through ACM Auto Trust transactions, secured lending arrangements, dealership footprint optimization, SG&A cost control, inventory capacity and customer-facing finance technology.
America's Car-Mart (CRMT) reported first quarter FY27 results marked by severe capital-driven contraction, with retail units sold down 81.9% to 2,450 and total revenue down 57.3% to $145.8 million versus a year earlier.
Inventory fell 68.7% to $35.2 million, average dealerships in operation declined 39.0% to 94 after prior-year consolidations, and same-dealership revenue dropped 47.5%. Gross margin compressed to 21.8% from 36.6%, including a $4.7 million aggregate loss on third-party wholesale sales as the company shifted to wholesaling substantially all repossessed vehicles to accelerate cash. Net charge-offs rose to 9.5% of average finance receivables and accounts over 30 days past due increased to 4.6%. Total debt decreased 19.5% year-over-year to $623.9 million, while unrestricted cash was $27.5 million. A June 19, 2026 credit agreement amendment provided covenant relief and a short-term runway; its termination date was extended to September 11, 2026 as the Special Committee evaluates financing and strategic alternatives.
America’s Car-Mart (NASDAQ: CRMT) reported fiscal 2026 results for the year ended April 30, 2026, with total revenue of $1,281.5 million, down 7.9% year-over-year, and retail sales volumes down 14.3% to 48,891 units. Interest income rose 3.7% to $253.7 million, while gross profit per unit increased 1.0% to $7,442 on a 35.4% gross margin versus 36.7% a year earlier. Total collections grew 2.2% to $730.0 million, but net charge-offs as a percentage of average finance receivables rose to 27.6% from 25.9%.
SG&A was $208.1 million, including $4.0 million of restructuring costs, and the company recorded $11.0 million of non-cash impairment linked to dealership consolidations. Reported loss per share was $16.79, with adjusted loss per share of $3.71. Total debt fell 7.0% to $722.4 million and net debt 9.4% to $590.7 million, while unrestricted cash increased to $47.0 million. Following a June 19, 2026 credit agreement amendment providing covenant relief and time to pursue strategic and financing alternatives, management disclosed substantial doubt about the company’s ability to continue as a going concern absent additional financing.
America’s Car-Mart (NASDAQ: CRMT) will release fiscal 2026 fourth-quarter and full-year results on Tuesday, July 14, 2026, before the market opens.
A webcast and conference call to review results will be held the same day at 9:00 a.m. ET, with replay available on the investor relations website for 12 months.
America’s Car-Mart (NASDAQ: CRMT) amended its Credit and Guaranty Agreement with lenders to gain covenant relief and support an ongoing review of strategic alternatives. The amendment waives specified defaults and sets milestones, providing an initial runway through early September 2026, extendable to November 2026 if conditions are met.
America’s Car-Mart (NASDAQ: CRMT) reported third quarter fiscal 2026 results for the period ended January 31, 2026, marked by a 22.1% decline in retail units to 10,275 and total revenue of $286.8 million (-12.0%). The company completed a $300 million term loan and a $161.3 million ABS (ACM Auto Trust 2025-4), raised total cash to $237.0 million, and recorded a $47.0 million non-cash valuation allowance against deferred tax assets. SG&A included $2.8 million of one-time consolidation charges; adjusted SG&A was $48.7 million. Net charge-offs were 6.5% of average receivables; gross profit per unit improved to $7,762.
America’s Car-Mart (NASDAQ: CRMT) will release fiscal 2026 third quarter results on Thursday, March 12, 2026 before market open and will host a webcast and conference call at 9:00 a.m. ET that day to review results.
Telephone participants must register in advance to receive dial-in details and a unique PIN. A replay will be available on the Car-Mart investor site for 12 months from March 12, 2026. America’s Car-Mart operates automotive dealerships in 12 states, focusing on integrated used-vehicle sales and customer financing in smaller South-Central U.S. cities.
America’s Car-Mart (NASDAQ: CRMT) completed Phase 2 of its SG&A Cost Control Strategy on Jan. 13, 2026 by consolidating 13 additional locations into nearby higher-performing dealerships, bringing the total consolidated locations to 18 after Phase 1 in Nov 2025.
The company said the realignment aims to modernize operations, better utilize inventory and teams, strengthen performance at remaining locations, and maintain customer access to sales, service, and collections. Management cited increased operational flexibility from the company’s new capital structure and said it will continue evaluating further footprint optimization to support long-term profitability and growth.
America’s Car-Mart (NASDAQ: CRMT) completed a term securitization, issuing $161.3 million of asset-backed notes on Dec. 18, 2025 with a weighted average coupon of 7.02%. The 2025-4 deal introduces a residual cash flow structure delivering monthly funds to the company and is intended to improve capital efficiency versus prior deals.
Management says the structure shifts from accelerated amortization (2025-3 coupon 5.46%) to retain more cash flow, reduce the need for frequent transactions and lower long-term cost of capital while improving liquidity and funding stability.
America’s Car-Mart (NASDAQ: CRMT) reported results for the quarter ended October 31, 2025. Key financial actions include closing a $300.0 million term loan (Oct 30, 2025) and repaying its revolving credit facility. Total cash rose to $251.0 million from $124.5 million at the start of the fiscal year. Total revenue was $350.2 million (+0.8% YoY) and interest income increased 3.9%. Sales volumes declined to 13,637 units (-1.1%). Credit metrics: net charge-offs were 7.0% of average finance receivables and allowance for credit losses was 24.19%. The company closed five stores and expects cost savings from consolidation and other reductions.
America’s Car-Mart (NASDAQ: CRMT) will report fiscal 2026 second quarter results on Thursday, December 4, 2025 before market open.
A webcast and conference call to review results will be held the same day at 9:00 a.m. ET. Telephone participants must register in advance to receive a unique PIN and dial-in details; callers are encouraged to join 10 minutes early. A replay of the call and webcast will be available on the company investor relations website for 12 months from December 4, 2025.
America’s Car-Mart operates dealerships in 12 states and focuses on integrated auto sales and finance for used vehicles, primarily in smaller cities across the South-Central United States.