America's Car-Mart (CRMT)
NASDAQ:CRMT
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America's Car-Mart
(NASDAQ:CRMT)
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Rating:48Neutral
Price Target:
$12.00
▲(8.21% Upside)
Action:ReiteratedDate:04/08/26
CRMT scores lower primarily due to deteriorated TTM profitability (large net loss, margin compression, and declining revenue) and a clearly bearish technical setup (price well below key moving averages with negative MACD). Partially offsetting this are improved TTM leverage/cash generation and a mixed-but-resilient earnings-call narrative supported by financing execution and credit/collections improvements, though near-term capacity hinges on securing the revolving warehouse facility.
Positive Factors
In-house financing & collections
Vertical sell‑and‑finance model plus demonstrable collections improvement support durable cash generation and risk control. Better cash collection rates, a higher share of prime-tier accounts and falling charge-offs reduce credit volatility and sustain finance income across economic cycles.
Negative Factors
Profitability deterioration
Material margin compression and a sizeable TTM GAAP loss weaken the company’s ability to self‑fund growth or absorb higher financing costs. Persistent lower gross margin undermines unit economics of the sell‑and‑finance model and pressures returns and reinvestment capacity over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
In-house financing & collections
Vertical sell‑and‑finance model plus demonstrable collections improvement support durable cash generation and risk control. Better cash collection rates, a higher share of prime-tier accounts and falling charge-offs reduce credit volatility and sustain finance income across economic cycles.
Read all positive factors
America's Car-Mart (CRMT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$92.07M
Dividend YieldN/A
Average Volume (3M)198.35K
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue Growth2.07%
EPS Growth-117.51%
CountryUS
Employees2,280
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)-9.25
Shares Outstanding8,302,450
10 Day Avg. Volume252,350
30 Day Avg. Volume198,354
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)0.63
Price to Sales (P/S)0.26
P/FCF Ratio-6.78
Enterprise Value/Market Cap10.06
Enterprise Value/Revenue0.84
Enterprise Value/Gross Profit2.28
Enterprise Value/Ebitda43.98
Forecast
1Y Price Target
$14.00Price Target Upside26.24% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-13.89
Revenue Forecast (FY)$1.29B
America's Car-Mart Business Overview & Revenue Model
Company Description
America's Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer in the United States. It primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2022, the company operated 154 deal...
How the Company Makes Money
America’s Car-Mart primarily makes money through a vertically integrated “sell-and-finance” model: (1) Used vehicle sales revenue: The company generates revenue by selling used vehicles at its dealerships. Vehicle gross profit is influenced by pur...
America's Car-Mart Key Performance Indicators (KPIs)
Any
Revenue By Type
Shows how revenue is generated across different business segments, highlighting which areas drive growth and profitability. This can indicate strategic focus and market demand for specific offerings.
Shows how revenue is generated across different business segments, highlighting which areas drive growth and profitability. This can indicate strategic focus and market demand for specific offerings.
Data provided by:
The Fly
The FlyAmerica's Car-Mart Earnings Call Summary
Earnings Call Date:Mar 12, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:May 25, 2026
Earnings Call Sentiment Neutral
The call described a mixed but manageable situation: the company faced a meaningful volume and revenue decline (22.1% and 12% respectively) driven chiefly by a capital-structure constraint (absence of a revolving warehouse facility) and an acute weather disruption, yet delivered several constructive operational and financing achievements — execution of a $300M term loan and a $161.3M ABS in a stressed market, improving unit economics (gross profit/unit +8.8%), stronger collections and credit mix, digital payments adoption, and a rebuilt cash balance. Key near-term risk remains the timing and completion of a revolving warehouse facility needed to fully restore origination capacity. Given the balance of substantial mitigating accomplishments against material near-term headwinds, the overall tone is mixed but resilient.Positive Updates
Successful Capital Markets Execution (Term Loan and ABS)
Closed $300M term loan in October (retiring revolving line) and executed a $161.3M ABS (2025-4) in December with a 7.02% weighted average coupon using a residual cash flow (non-turbo) structure — viewed as a sign of investor and rating agency confidence in a turbulent subprime market.
Negative Updates
Significant Retail Volume Decline
Retail units sold declined 22.1% year over year to 10,275 units, primarily driven by constrained ability to purchase inventory during the financing platform transition (lack of a revolving warehouse facility), a 12% smaller footprint, and Winter Storm Fern.
Read all updates
Q3-2026 Updates
Positive
Negative
Successful Capital Markets Execution (Term Loan and ABS)
Closed $300M term loan in October (retiring revolving line) and executed a $161.3M ABS (2025-4) in December with a 7.02% weighted average coupon using a residual cash flow (non-turbo) structure — viewed as a sign of investor and rating agency confidence in a turbulent subprime market.
Read all positive updates
Company Guidance
Management's guidance was clear that the warehouse/revolving facility is the singular near‑term priority because volumes will remain constrained until it is completed—retail units fell 22.1% year‑over‑year to 10,275 and total revenue was $286.8M (down 12%), even though average retail sales price rose 7.1% to $20,634; inventory had bottomed in December and was up ~44% heading into tax season. On capital, the company closed a $300M term loan and completed a $161.3M ABS (2025‑4) at a 7.02% weighted average coupon, holds total cash of $237M with total debt of $892.2M (debt net of cash to finance receivables 44.7%), and expects blended cost of capital and interest expense (quarterly interest $21.8M, 5.8% of sales; nine‑month $54.5M) to improve as more originations fund through residual‑structure ABS. Operational and cost guidance: phase one and two consolidations reduced the footprint by 18 locations to 136 stores, SG&A was $51.5M (23.1% of sales) or $48.7M adjusted (21.9%) versus a 16.5% long‑term target with run‑rate savings expected to flow in Q4 (management cited an approximate current monthly run‑rate nearer $45–46M). Credit guidance emphasized portfolio strength—net charge‑offs were 6.5% of average finance receivables (vs. 6.1% prior quarter), allowance for credit losses rose to 25.53% (~3.6x quarterly charge‑offs) while net charge‑offs fell from $106M to $96M and units charged off fell ~10,300 to ~9,200; collections were $179M (up 1.5%), cash collected as a % of avg receivables improved 11 bps, average collected per active account was $581 (up 2.3%), highest credit tier now 66.7% (from 62.8%), and 30+ day delinquencies moved from 4.4% at quarter end back toward ~3.7–3.8% by mid‑February.America's Car-Mart Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
68
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.10B | 1.39B | 1.39B | 1.41B | 1.21B | 918.61M |
| Gross Profit | 405.75M | 664.88M | 628.48M | 599.63M | 548.73M | 439.46M |
| EBITDA | 21.06M | 101.06M | 32.08M | 69.71M | 137.59M | 145.87M |
| Net Income | -94.31M | 17.89M | -31.39M | 20.43M | 95.01M | 104.82M |
Balance Sheet | ||||||
| Total Assets | 1.63B | 1.61B | 1.48B | 1.41B | 1.15B | 822.16M |
| Cash, Cash Equivalents and Short-Term Investments | 117.91M | 9.81M | 5.52M | 9.80M | 6.92M | 2.89M |
| Total Debt | 952.19M | 845.07M | 819.52M | 700.90M | 502.14M | 290.61M |
| Total Liabilities | 1.15B | 1.04B | 1.01B | 915.79M | 677.76M | 415.26M |
| Stockholders Equity | 479.42M | 569.82M | 471.05M | 498.85M | 476.83M | 406.80M |
Cash Flow | ||||||
| Free Cash Flow | 14.16M | -52.61M | -80.04M | -160.21M | -135.19M | -62.76M |
| Operating Cash Flow | 16.44M | -48.76M | -73.90M | -137.97M | -114.28M | -53.81M |
| Investing Cash Flow | -2.15M | -11.38M | -10.64M | -25.33M | -22.24M | -8.26M |
| Financing Cash Flow | 96.33M | 90.23M | 110.96M | 188.75M | 176.22M | 5.40M |
America's Car-Mart Technical Analysis
Negative
11.09
Price Trends
17.97
Negative
21.44
Negative
30.20
Negative
Market Momentum
-1.66
Negative
29.63
Positive
39.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRMT, the sentiment is Negative. The current price of 11.09 is below the 20-day moving average (MA) of 12.44, below the 50-day MA of 17.97, and below the 200-day MA of 30.20, indicating a bearish trend. The MACD of -1.66 indicates Negative momentum. The RSI at 29.63 is Positive, neither overbought nor oversold. The STOCH value of 39.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CRMT.
America's Car-Mart Risk Analysis
America's Car-Mart disclosed 19 risk factors in its most recent earnings report. America's Car-Mart reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
America's Car-Mart Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $571.71M | 36.66 | 4.17% | ― | 0.20% | -20.57% | |
57 Neutral | $154.30M | ― | -54.82% | ― | 1434.51% | -1207.73% | |
50 Neutral | $612.32M | -20.84 | 46.72% | ― | ― | ― | |
48 Neutral | $92.07M | -0.70 | -2.60% | ― | 2.07% | -117.51% | |
47 Neutral | $85.59M | -12.98 | -38.32% | ― | -81.31% | 87.13% | |
43 Neutral | $10.39M | -0.67 | -543.84% | ― | -99.25% | 90.38% |
* Consumer Cyclical Sector Average
CRMT
America's Car-Mart
11.09
-34.53
-75.69%
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America's Car-Mart Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
America’s Car-Mart Closes Dealerships Amid Liquidity-Driven Restructuring
Negative
Apr 7, 2026
On April 7, 2026, America’s Car-Mart’s board approved the closure of 42 of its 136 dealerships and related staff reductions to align costs with constrained capital and lower near-term origination capacity. The affected locations repres...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.