Americas Car-Mart Inc (CRMT)
🔔 Watch stock
symbol.quality_heading
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Red — and not because of the share price, but because of documented substance findings. The auditor states substantial doubt about the company’s ability to continue in the fiscal 2026 audit report; management expressly declares its own remediation plans insufficient; the financial covenants of the $300 million term loan are broken and waived only through September 7, 2026; and the company writes that it would not have enough liquidity to repay if the debt were accelerated. Add $47.0 million of cash against $722.4 million of debt and a loan book whose charge-off rate is climbing again. The operating business itself is intact — interest income and gross profit per unit both improved — but the quality signal rates the company as a whole, and this company’s survival currently hangs on a deadline and a negotiation. The decision is yours.
symbol.quality_note
A price-to-free-cash-flow ratio of 0.5 looks like a typo: the whole company costs less on the market than a single year of its free cash inflow. The statement of cash flows in the annual report (10-K) for fiscal 2026 explains why. The $65.0 million appeared because the used-vehicle retailer wrote $122.6 million fewer customer loans and drew its vehicle inventory down by $180.3 million — against a net loss of $139.1 million. The same report carries a going-concern paragraph from the auditor, and the lenders have waived the broken covenants only through September 7, 2026. We read what this cash inflow actually lives on and who ends up paying for it.
Read the analysis
Stock Watch
This analysis is as of July 26, 2026. Stock Watch will tell you what's changed at CRMT since then.
Later $1 a month per stock — signing up is free, and you'll be the first to know when it launches.
Appears in These Scanners
This stock currently matches 14 of our scanner strategies — each hit links to the scanner.
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 3.20 $ — 2% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
NeutralIn den sechs ausgewerteten SEC-Berichten (Geschäftsberichte 10-K für die Geschäftsjahre 2026 und 2025, vier Quartalsberichte 10-Q) kommt Künstliche Intelligenz an keiner Stelle vor — weder als Produkt oder Umsatzquelle noch als benanntes Risiko noch als betriebliches Werkzeug; das Kreditgeschäft wird ausdrücklich über ein Scorecard-gestütztes Kreditvergabesystem und persönliche Inkasso-Arbeit beschrieben.
View the full file — quotes, sources, reviewed filings
Filings Reviewed: 10-K 2026-07-14 · 10-K 2025-08-08 · 10-Q 2026-03-12 · 10-Q 2025-12-09 · 10-Q 2025-09-09 · 10-Q 2025-03-10
Rated on July 26, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 525.0% above the current price.
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Next Reporting Date
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.50 | – | 347 | -4.00 | 1.20 | -22 | -24 |
| 2025: Q1 | 0.38 | – | 326 | 8.70 | 1.00 | -31 | -32 |
| 2025: Q2 | 1.26 | 1,833.60 | 310 | -15.10 | 3.40 | 19 | 19 |
| 2025: Q3 | -0.69 | – | 341 | -1.90 | -1.70 | -6 | -6 |
| 2025: Q4 | -2.72 | -647.40 | 350 | 0.80 | -6.40 | 9 | 10 |
| 2026: Q1 | -9.24 | -2,559.70 | 287 | -12.00 | -26.70 | -6 | -7 |
| 2026: Q2 | -4.12 | -427.00 | 303 | -2.20 | -11.30 | 68 | 67 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Assessment: Opportunities & Risks
The audit report for fiscal 2026 (filed July 14, 2026) carries a going-concern explanatory paragraph. After the April 30, 2026 balance sheet date the minimum liquidity and minimum collateral coverage covenants of the $300 million term loan were breached; the waiver runs only through September 7, 2026 (extendable to September 21 or November 6). The company itself states it could not repay the debt if it were accelerated.
The $65.0 million of fiscal 2026 operating cash inflow (prior year −$48.8 million) came from $122.6 million fewer loan originations and a $180.3 million inventory drawdown, not from earnings. Of $663.0 million of non-recourse notes repaid, only $549.2 million was reissued; financing activities used $56.3 million. The low K/FCF measures shrinkage here, not earning power.
The provision for credit losses rose in fiscal 2026 to $419.2 million, or 40.8 % of sales (prior year 32.7 %), exceeding the entire $363.8 million retail gross margin. Net charge-offs reached 27.6 % of average receivables (prior year 25.9 %) and the allowance ratio 25.15 % (prior year 23.25 %).
The underlying business still works: $1,281.5 million of fiscal 2026 revenue, gross profit per unit of $7,442 (up $74), interest and other income up $9.0 million to $253.7 million despite a smaller book, average yield 17.3 %. The 14.3 % drop in units sold is attributed in the report to a lack of purchasing capital, not to weaker demand.
Equity of $445.6 million at April 30, 2026 (prior year $569.4 million) against $722.4 million of debt. Book value consists almost entirely of receivables owed by borrowers whose charge-off rate is rising. On top, 937,487 warrants at $22.63 are outstanding, and the report expressly warns of material dilution from new equity and of the risk of failing Nasdaq listing standards.
Since May 22, 2026 a special committee chaired by independent director Adam Paul has been reviewing financing, recapitalization and M&A with Houlihan Lokey — as a lender condition. No signed transaction existed through July 26, 2026 (neither DEFM14A nor SC 14D9 on file with the SEC). The material weakness identified in fiscal 2025 was remediated as of April 30, 2026.
America’s Car-Mart is a real business with $1,281.5 million of revenue — and at the same time a restructuring case. The $65.0 million cash inflow that puts the stock at rank 9 of the U.S. selection in our K/FCF ranking (as of July 26, 2026) came from $122.6 million fewer loan originations and a $180.3 million inventory drawdown, not from profit: the bottom line was a $139.1 million loss. The fiscal 2026 audit report carries a going-concern paragraph, the covenants of the $300 million term loan are broken and waived only through September 7, 2026, and a lender-mandated marketing process is running. Between a $3.04 share price and $53.65 of book value per share lies no overlooked value but a market verdict on the collectability of $1,079.2 million of receivables. Not investment advice.
- CRMT reached our research list through our in-house K/FCF ranking: rank 9 of the U.S. selection at a K/FCF of 0.5, measured on the scanner page on July 26, 2026; the list showed 25 U.S. hits that day, with 544 stocks meeting the criteria overall. These lists are recomputed daily — the placement is a dated snapshot.
- Mind the calendar: America’s Car-Mart’s fiscal year ends April 30. Fiscal 2026 covers roughly May 2025 through April 2026, and the most recent periodic report is the annual report 10-K filed July 14, 2026, not a quarterly report.
- Price and valuation figures carry their own dates: $22.24 on October 31, 2025 (annual report cover page), $7.85 on June 4, 2026 (prospectus supplement 424B3) and a $3.04 closing price on July 24, 2026 from fundamental data (as of July 26, 2026). Analyses are evergreen; daily prices are not a buy argument.
- Watch for confusion: the SEC record for CIK 0000799850 lists former names Crown Casino Corp. (until 1997) and Crown Group Inc. (until 2002) — the same registrant, not a different company.
About the Company
America's Car-Mart, Inc. ist über seine Tochtergesellschaften ein Autohändler für den Gebrauchtwagenmarkt in den USA.
| Employees | 2,300 |
|---|---|
| Headquarters | Rogers, AR |
| Website | car-mart.com |
| IPO Date | 9. Nov 1993 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Douglas W. Campbell | CEO, President & Director | 1977 |
| Jamie Z. Fischer | Chief Operating Officer | 1980 |
| Vickie D. Judy CPA | Chief Accounting Officer | 1967 |
| Jonathan M. Collins | Chief Financial Officer | 1973 |
| W. Brett Papasan | Chief Legal Officer | – |
| Brian Stone | Executive Vice President of Procurement & Inventory | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 20. Jul 2026 | Peterson Adam K | Former 10% beneficial owner | Other | 437,161 | 0.00 | – |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
View all insider transactions →Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.