America's Car-Mart, Inc.
22.63-1.43 (-5.94%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · CRMT · USD
Key Stats
Market Cap
187.34MP/E (TTM)
12.64Basic EPS (TTM)
1.79Dividend Yield
0%Recent Filings
8-K
Annual meeting results approved
America's Car-Mart held its 2025 annual stockholder meeting on September 25, electing all nine director nominees—Ann G. Bordelon, Jonathan Z. Buba, Douglas W. Campbell, Julia K. Davis, Daniel J. Englander, Brandi N. Joplin, Dawn C. Morris, Joshua G. Welch, and Jeffrey A. Williams—with overwhelming support exceeding 98% for each. Stockholders approved the advisory say-on-pay resolution for executive compensation by a wide margin and ratified Grant Thornton LLP as auditors for fiscal 2026. All votes passed decisively.
10-Q
Q1 FY2026 results
America's Car-Mart posted Q1 FY2026 revenues of $341.3M, down 1.9% y/y from $347.8M, as retail units sold fell 5.7% to 13,568 amid tighter inventory from higher vehicle costs, yet interest income climbed 7.5% y/y on a larger $1.52B finance receivables pool. Gross margin expanded to 36.6% from 35.0% y/y, lifting per-unit profit to $7,456, thanks to pricing discipline and lower repair costs, while SG&A rose 10.1% y/y to $51.4M on tech and staffing investments. Credit provision swelled 8.0% y/y to $103.0M (37.3% of sales), driving a net loss of $5.7M or $(0.69) per diluted share—worse than last year's $1.0M or $(0.15) loss—versus 8.3M shares (derived). Cash dipped to $9.7M with $20.8M revolver availability, total debt steady at $775.1M including $610.8M non-recourse notes at 7.86% average rate; free cash flow not disclosed in the 10-Q. A May 2025 securitization added $216.0M notes at 6.27% for receivables funding. Elevated charge-offs signal persistent pressure from customer affordability strains.
8-K
Q1 revenue down, margins up
America's Car-Mart reported first-quarter fiscal 2026 results on September 4, 2025, with total revenue dipping 1.9% to $341.3 million amid a 5.7% drop in sales volumes to 13,568 units, yet gross margins climbed 160 basis points to 36.6% thanks to better vehicle pricing and underwriting. Deploying LOS V2 boosted higher-credit customer bookings by 15%, while collections rose 6.2% to $183.6 million, trimming the credit loss allowance to 23.35%. Investments in tech will unwind 50% of SG&A hikes next quarter. NCOs edged up to 6.6%.
8-K
Car-Mart closes $172M securitization
America's Car-Mart affiliates closed a $172 million securitization on August 28, 2025, issuing $133.34 million of 5.01% Class A notes and $38.62 million of 6.08% Class B notes backed by $291.5 million in used vehicle receivables. Net proceeds of $170.7 million will repay debt and fund reserve accounts, slashing the weighted average coupon by 81 basis points from May's deal. Oversubscription hit 8x for Class A, 16x for Class B. This bolsters capital efficiency amid strong portfolio performance.
8-K
Regains Nasdaq compliance
America's Car-Mart regained Nasdaq compliance on August 13, 2025, after filing its delayed Form 10-K for the fiscal year ended April 30, 2025, on August 8. This closes the prior deficiency under Listing Rule 5250(c)(1), restoring timely periodic reporting obligations. Compliance secured. The resolution eliminates delisting risks tied to the filing delay.
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