Car-Mart FY2026: $1.28B Revenue, ($16.79) EPS, 60 Dealerships Closed
CRMT has more than doubled off its 52-week low of $1.38 on elevated volume (3.2× avg).
Summary
America's Car-Mart filed its 10-K, revealing a brutal FY2026: revenue fell 7.9% to $1.28B, and the company swung to a $139.2M net loss, or ($16.79) per share. The auditor issued a going concern warning. The company closed 60 dealerships—nearly 40% of its footprint—and slashed inventory by half to $54.1M as liquidity dried up. Finance originations plunged to $952.5M. This follows a cascade of distress signals: a strategic review, lender forbearance, a $500M capital raise scramble, and a Q4 loss far worse than expected. The 10-K confirms the depth of the crisis, with post-year-end covenant breaches requiring emergency amendments. The next milestone is whether the strategic alternatives process yields a viable rescue or a forced restructuring.
At the time of this announcement, CRMT was trading at $4.06 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $35.5M. The 52-week trading range was $1.38 to $60.67. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.