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America's Car-Mart
(NASDAQ:CRMT)
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Rating:42Neutral
Price Target:
$3.00
▼(-1.32% Downside)
Action:Reiterated
Date:07/15/26
The score is held down primarily by weak financial performance (large recent losses despite stable gross margins, and questions about the durability of the latest cash-flow rebound) and a technically bearish setup (price well below key moving averages with negative MACD). The earnings call adds near-term uncertainty due to going-concern and financing/warehouse facility constraints, while valuation provides little support given negative earnings and no dividend yield provided.
Positive Factors
Buy‑Here, Pay‑Here (BHPH) integrated model
Car‑Mart’s integrated BHPH model combines retail vehicle sales with in‑house financing, producing recurring finance income and control over underwriting and collections. That vertical integration creates durable cash flow streams and direct customer relationships that support long‑term earnings resilience when underwriting is disciplined.
Negative Factors
Going‑concern and lender oversight
A going‑concern disclosure plus lender forbearance and a milestone‑driven review signal unresolved capital structure risk. Such structural uncertainty can force recapitalization, asset sales or dilution, constrain origination capacity, and materially alter long‑term growth and ownership dynamics.
Read all positive and negative factors
Positive Factors
Negative Factors
Buy‑Here, Pay‑Here (BHPH) integrated model
Car‑Mart’s integrated BHPH model combines retail vehicle sales with in‑house financing, producing recurring finance income and control over underwriting and collections. That vertical integration creates durable cash flow streams and direct customer relationships that support long‑term earnings resilience when underwriting is disciplined.
Read all positive factors
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 (CRMT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$26.56M
Dividend YieldN/A
Average Volume (3M)198.35K
Price to Earnings (P/E)―
Beta (1Y)1.65
Revenue Growth-7.89%
EPS Growth-857.64%
CountryUS
Employees2,300
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)-16.22
Shares Outstanding8,327,329
10 Day Avg. Volume252,350
30 Day Avg. Volume198,354
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.23
Price to Sales (P/S)0.08
P/FCF Ratio1.60
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.23
Revenue Forecast (FY)$1.39B
America's Car-Mart Business Overview & Revenue Model
Company Description
Through its various subsidiaries, America's Car-Mart, Inc. functions as an automotive retailer across the United States. The company's core business involves selling pre-owned, older model vehicles, complemented by providing financing solutions di...
How the Company Makes Money
Car-Mart generates revenue primarily through (1) retail sales of used vehicles and (2) finance-related income from providing financing to customers as part of its buy-here, pay-here model. In a typical transaction, the company sells a used vehicle...
America's Car-Mart Earnings Call Summary
Earnings Call Date:May 25, 2026
(Q4-2026)
| Next Earnings Date:Sep 09, 2026
Earnings Call Sentiment Negative
The call presents a mixed but cautionary picture. Management executed a deliberate strategic response to constrained financing — consolidating 60 stores, cutting costs, investing in digital servicing, and preserving collections — producing tangible operational resilience (collections growth, improved per-unit economics, debt reduction and S&P affirmation of securitizations). However, the company faces significant near-term headwinds: sharp declines in unit sales (-27.1%) and revenue (-18.2%), higher charge-offs and delinquencies, a smaller receivables base due to constrained originations, a meaningful going concern disclosure, and an unresolved need for additional financing. Positive operational progress is evident, but the unresolved liquidity and capital-structure risks and material declines in top-line volume are significant negatives in the near term.Positive Updates
Strategic Footprint Optimization Completed
Completed 60 store consolidations, reducing active store count from 154 to 94 (≈39% fewer stores). Remaining stores are historically more productive — approximately 30% higher units-per-store vs the FY2025 average — concentrating resources in stronger markets.
Negative Updates
Sharp Decline in Unit Sales and Revenue
Units sold declined 27.1% YoY to 11,411 units. Revenue fell 18.2% YoY to $302.8 million, reflecting constrained originations and reduced inventory tied to capital limits.
Read all updates
Q4-2026 Updates
Positive
Negative
Strategic Footprint Optimization Completed
Completed 60 store consolidations, reducing active store count from 154 to 94 (≈39% fewer stores). Remaining stores are historically more productive — approximately 30% higher units-per-store vs the FY2025 average — concentrating resources in stronger markets.
Read all positive updates
Company Guidance
The company did not provide formal forward financial guidance on the call but set clear operational and financing guidance: a special committee is leading a defined strategic review (per the June 19 amendment) that provides temporary covenant relief and a milestone-driven window to secure permanent relief (or a financing/recapitalization) — until that is resolved originations will remain constrained and the company will run lean to protect collections and service the portfolio. Key metrics cited that frame that guidance include Q4 unit sales of 11,411 (down 27.1%), Q4 revenue of $302.8M (down 18.2%) and Q4 gross margin of 31.2% (vs. 36.4% a year ago) with FY gross margin 35.4% and gross profit per unit up 1% to $7,442; full-year collections of $730M (up 2.2%) and Q4 collections of $185.7M (~$60M/month, down 2.8% YoY) with average collected per active customer per month $617 (vs. $612); finance receivables principal down 6.4% YoY, approx. 60% of receivables securitized (with material releases scheduled over roughly the next 15 months), allowance for credit losses $329.9M (25.15% of receivables, ~3x quarterly net charge-offs), Q4 net charge-offs 7.5% (vs. 6.9%), adjusted SG&A $43.6M (18% of sales), total cash $131.6M (unrestricted $47M), total debt $722.4M (total debt net of cash $590.7M, net debt/finance receivables 41.8%), interest expense $20M (up 15.1%), Q4 GAAP loss per share $3.56 (adjusted EPS $0.48), and FY adjusted loss per share $3.71 — the company will provide updates when definitive financing or strategic outcomes are reached.America's Car-Mart Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
42
Neutral
Cash Flow
51
Neutral
| Breakdown | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.28B | 1.39B | 1.39B | 1.41B | 918.61M |
| Gross Profit | 617.44M | 664.88M | 628.48M | 599.63M | 439.46M |
| EBITDA | -99.81M | 101.06M | 32.08M | 69.71M | 145.87M |
| Net Income | -139.15M | 17.89M | -31.39M | 20.43M | 104.82M |
Balance Sheet | |||||
| Total Assets | 1.42B | 1.61B | 1.48B | 1.41B | 822.16M |
| Cash, Cash Equivalents and Short-Term Investments | 46.96M | 9.81M | 5.52M | 9.80M | 2.89M |
| Total Debt | 772.20M | 845.07M | 819.52M | 700.90M | 290.61M |
| Total Liabilities | 971.18M | 1.04B | 1.01B | 915.79M | 415.26M |
| Stockholders Equity | 445.56M | 569.82M | 471.05M | 498.85M | 406.80M |
Cash Flow | |||||
| Free Cash Flow | 63.15M | -52.65M | -80.08M | -160.21M | -62.76M |
| Operating Cash Flow | 64.96M | -48.76M | -73.94M | -137.97M | -53.81M |
| Investing Cash Flow | -1.52M | -11.38M | -10.64M | -25.33M | -7.56M |
| Financing Cash Flow | -56.41M | 90.66M | 110.96M | 188.75M | 5.40M |
America's Car-Mart Technical Analysis
Negative
3.04
Price Trends
4.63
Negative
8.53
Negative
16.07
Negative
Market Momentum
-0.34
Negative
44.30
Neutral
33.70
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 3.04 is below the 20-day moving average (MA) of 3.51, below the 50-day MA of 4.63, and below the 200-day MA of 16.07, indicating a bearish trend. The MACD of -0.34 indicates Negative momentum. The RSI at 44.30 is Neutral, neither overbought nor oversold. The STOCH value of 33.70 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $662.45M | 27.27 | 5.71% | ― | 0.90% | -35.80% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
45 Neutral | $305.77M | -6.25 | 56.97% | ― | 94.12% | -12.61% | |
45 Neutral | $39.20M | -0.59 | -53.29% | ― | 41.94% | 72.15% | |
44 Neutral | $57.43M | -0.09 | -168.43% | ― | 160.50% | -13252.86% | |
43 Neutral | $8.76M | -0.02 | -282.34% | ― | ― | 91.89% | |
42 Neutral | $26.56M | -0.20 | -26.30% | ― | -7.89% | -857.64% |
* Consumer Cyclical Sector Average
CRMT
America's Car-Mart
3.31
-40.45
-92.44%
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America's Car-Mart Corporate Events
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
America’s Car-Mart Reshapes Board and Finance Leadership
Negative
Jun 25, 2026
On June 19, 2026, America’s Car-Mart secured a first amendment and limited waiver to its October 2025 credit and guaranty agreement, temporarily waiving existing and anticipated covenant and reporting defaults while imposing tighter liquidit...
Business Operations and StrategyPrivate Placements and Financing
America’s Car-Mart Extends Lender Forbearance Amid Ongoing Talks
Negative
Jun 12, 2026
On June 12, 2026, America’s Car-Mart reported that it had secured another short-term extension of lender forbearance under its Credit and Guaranty Agreement, pushing the period during which lenders have agreed not to exercise default remedie...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresPrivate Placements and FinancingRegulatory Filings and Compliance
America’s Car-Mart Adopts Executive Retention Plan Amid Review
Negative
Jun 5, 2026
On June 1, 2026, America’s Car-Mart obtained a lender forbearance under its October 30, 2025 credit agreement, under which lenders agreed not to exercise remedies for actual or anticipated covenant and reporting defaults through an initial p...
Business Operations and StrategyExecutive/Board Changes
America’s Car-Mart Forms Special Committee for Strategic Review
Neutral
May 29, 2026
On May 22, 2026, America’s Car-Mart expanded its board of directors from nine to ten members and appointed Adam Paul as an independent director, effective immediately, reflecting an effort to strengthen governance and oversight. On the same ...
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.