Amer Carmart Stock Price, News & Analysis

America's Car-Mart (NASDAQ:CRMT) has received a notice of non-compliance from Nasdaq due to failing to file its Annual Report (Form 10-K) for the fiscal year ended April 30, 2025, on time. The delay stems from the need to include required disclosures related to loan modifications for borrowers experiencing financial difficulty and to address identified material weaknesses.

The company has until September 29, 2025, to submit a compliance plan to Nasdaq. Upon review, Nasdaq may grant an extension until January 26, 2026, for CRMT to regain compliance. The notice does not immediately affect the company's stock listing or trading status on Nasdaq.

America's Car-Mart (NASDAQ: CRMT) announced delays in filing its Annual Report on Form 10-K for fiscal year 2025 due to incomplete disclosures regarding loan modifications for customers experiencing financial difficulties. The company failed to meet the extended filing deadline of July 29, 2025.

The company identified material weaknesses in internal controls and determined that previously issued financial statements from fiscal years 2024 and 2025 should no longer be relied upon due to omitted loan modification disclosures. However, CRMT emphasized that these disclosure issues will not impact their previously reported financial results, including earnings, balance sheet, cash flows, or shareholder equity.

CRMT expects to receive a notice from Nasdaq regarding non-compliance with listing requirements, though this should not immediately affect their stock listing. The company will file the Form 10-K once the necessary disclosures and remediation efforts are completed.

America's Car-Mart (NASDAQ: CRMT) reported mixed Q4 and FY2025 results. In Q4, total revenue increased 1.5% to $370.2M with sales volumes up 2.6% to 15,649 units. Q4 diluted EPS improved significantly to $1.26 vs $0.06 year-over-year. For FY2025, total revenue slightly decreased 0.2% to $1.4B, while sales volumes declined 1.7% to 57,022 units. The company saw improvements in credit metrics, with net charge-offs improving to 25.9% vs 27.2% and allowance for credit losses improving to 23.25%. Gross margin percentage increased 200 basis points to 36.7% for the full year. The company completed a $216M securitization with a 6.27% weighted average coupon. Active customer count grew 2.4% to 104,682, and the company maintained its store count at 154 locations.

America's Car-Mart has successfully completed its seventh asset-backed securitization transaction, raising $216 million through the issuance of notes by ACM Auto Trust 2025-2. The transaction consists of $165.18 million in Class A Notes with a 5.55% coupon rate and $50.82 million in Class B Notes with a 7.25% coupon rate, resulting in a weighted average coupon of 6.27%. The company achieved improved pricing compared to previous issuances, with the weighted average coupon decreasing by 22 basis points from January 2025 and 107 basis points from October 2024, indicating growing market confidence in their portfolio and contributing to lower financing costs and enhanced capital efficiency.

America's Car-Mart (NASDAQ: CRMT) has launched its annual Community Fan Drive, a charitable initiative running through June 30, 2025. The company is collecting 20-inch box fans across its 150+ dealerships in 12 states to help communities stay cool during summer. As part of this promotion, customers who donate a fan can purchase a quality used vehicle for as low as $499 down, aligning with their 'Savings That Will Blow You Away' campaign theme.

The initiative, running for over 25 years, allows Car-Mart to make vehicle ownership more accessible while supporting local communities. Donated fans will be distributed to local charities in early July. Anyone can donate fans at Car-Mart locations Monday through Saturday from 9 a.m. to 6 p.m., with no purchase necessary.

America's Car-Mart (NASDAQ: CRMT) has announced a significant leadership transition, with Jonathan Collins appointed as Chief Financial Officer (CFO) effective May 12, 2025. Current CFO Vickie Judy will transition to the role of Chief Accounting Officer (CAO). The change is part of Car-Mart's strategy to build a stronger foundation for long-term growth.

Under Judy's tenure since 2010, the company achieved a notable 450+% increase in its loan portfolio size. CEO Doug Campbell, who took the position in October 2023, emphasized the company's focus on strengthening operations and attracting talent to support its expanding business complexity. Collins brings extensive experience in driving strategic and financial performance in complex organizations, particularly in areas of capital markets, treasury, and financial planning.

America's Car-Mart (NASDAQ: CRMT) reported strong Q3 FY2025 results with notable improvements across key metrics. Total revenue increased 8.7%, driven by a 13.2% rise in sales volumes to 13,198 units, despite a 0.9% decrease in average retail sales price. The average vehicle retail price was $17,310.

Gross profit margin improved by 150 basis points to 35.7%, benefiting from enhanced vehicle procurement and disposal. Net charge-offs improved to 6.1% from 6.8%, while the allowance for credit losses decreased to 24.31%. The company completed a $200 million securitization with a 6.49% coupon rate and expanded its ABL facility to $350 million.

Notable operational metrics include stable down payments at 5.1%, average originating term of 44.6 months, and slight increase in delinquencies to 3.7% due to weather events. SG&A expenses rose to $46.5 million, partly due to recent acquisitions.

America's Car-Mart (NASDAQ: CRMT) has successfully extended and upsized its asset-based revolving credit facility (ABL Facility) to $350 million, up from the previous $320 million commitment. The facility will now mature on March 31, 2027.

As of January 31, 2025, approximately $75 million was drawn on the ABL Facility. The facility was oversubscribed by a syndicate of lenders with BMO Bank as administrative agent. This expansion, combined with a recently completed $200 million ABS transaction on January 31, 2025, has strengthened the company's funding and liquidity profile while improving financing efficiency.

America's Car-Mart (NASDAQ: CRMT) has announced it will release its fiscal 2025 third quarter financial results on Thursday, March 6, 2025, before market opening. President and CEO Doug Campbell and CFO Vickie Judy will host a conference call at 9:00 a.m. ET to discuss the results.

The company operates automotive dealerships across twelve states and is one of the largest publicly held automotive retailers in the United States focused on the Integrated Auto Sales and Finance segment of the used car market. They primarily operate in smaller cities throughout the South-Central United States, selling used vehicles and providing financing for substantially all customers.