Hold Rating for America's Car-Mart Amid Uncertainty and Potential CatalystsWe increase EPS estimates on higher revenues, primarily as we keep sales activity higher than we previously contemplated following the revamping of Car-Mart's capital structure. We still do expect a dip in Sales per Store per 3.0% q/q and up only 23bps y/y to 28.6 units, but this is much better than the 22 units we had previously expected. Cost efficiencies as laid out on CRMT's presentation deck also help our EPS estimates for F2H26 and beyond. We still forecast an adjusted loss of 7c/share in F3Q26 and a full-year F2026 adjusted loss of 76c/share, recovering to a positive $1.29 EPS in in F2028. Candidly however, we are still very uncertain about the near-term trajectory of CRMT shares.