Americas Car-Mart Inc
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
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.
What the thesis turns on
Assessment: Opportunities & Risks
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.
Survival & financing
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.
Source of the cash inflow
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.
Credit quality
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 %).
Operating business
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.
Balance sheet & dilution
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.
Process & governance
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.
Worth Noting
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.
Stock Watch
This analysis is as of August 29, 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.
Price history
Chart
Interactive price chart (TradingView).
52-week range: 1.50 $ to 34.10 $ · Last price: 1.80 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
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.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Auto & Truck Dealerships
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Americas Car-Mart Inc CRMT | 0.0 | – | 41.0 | 12.3 | – | -0.2 | -94.5 |
| Carvana Co CVNA | 74.3 | 37.3 | 553.5 | 19.4 | 9.0 | 48.6 | -10.3 |
| Penske Automotive Group Inc PAG | 14.1 | – | 13.9 | 16.2 | 3.7 | -0.2 | 24.8 |
| CarMax Inc KMX | 8.4 | 37.1 | 17.0 | 11.8 | 3.4 | -1.8 | -1.3 |
| Lithia Motors Inc LAD | 7.3 | 11.0 | 10.8 | 15.4 | 3.6 | 4.0 | -2.7 |
| AutoNation Inc AN | 5.7 | 9.4 | 10.3 | 17.8 | 4.7 | 3.2 | -20.7 |
| Rush Enterprises B Inc RUSHB | 4.5 | 17.1 | 11.3 | 19.9 | – | -4.8 | 49.4 |
| Rush Enterprises A Inc RUSHA | 3.9 | 15.0 | 11.3 | 19.9 | 4.9 | -4.8 | 35.2 |
| OPENLANE, Inc. OPLN | 3.6 | – | 14.0 | 45.9 | 18.7 | 8.2 | 20.1 |
| Median of companies shown | 5.7 | 16.0 | 13.9 | 17.8 | 4.7 | -0.2 | -1.3 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2017 | 588 | 33 | 20 | 2.49 | 7 | 233 | 424 |
| 2018 | 612 | 39 | 37 | 4.91 | 10 | 231 | 456 |
| 2019 | 669 | 60 | 48 | 6.73 | 25 | 261 | 493 |
| 2020 | 745 | 72 | 51 | 7.39 | 21 | 303 | 667 |
| 2021 | 919 | 141 | 105 | 15.06 | -54 | 407 | 822 |
| 2022 | 1,212 | 131 | 95 | 13.92 | -114 | 469 | 1,145 |
| 2023 | 1,406 | 64 | 20 | 3.11 | -138 | 297 | 1,420 |
| 2024 | 1,394 | 26 | -31 | -4.91 | -74 | 471 | 1,478 |
| 2025 | 1,391 | 94 | 18 | 2.33 | -49 | 570 | 1,606 |
| 2026 | 1,282 | -108 | -139 | -16.79 | 65 | 446 | 1,417 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
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
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.61 | – | 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 | 370 | 1.50 | 3.40 | 19 | 19 |
| 2025: Q3 | -0.69 | – | 341 | -1.90 | -1.70 | -6 | -6 |
| 2025: Q4 | -2.72 | -545.90 | 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 | -18.20 | -11.30 | 68 | 67 |
| 2026: Q3 | -8.28 | -1,100.00 | 146 | -57.30 | -47.30 | 80 | 80 |
What Do These Terms Mean?
- 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.
Screening
Appears in These Scanners
This stock currently matches 12 of our scanner strategies — each hit links to the scanner.
Quality & Balance Sheet
Breakout & Setup
Momentum & Trend
Research
Risk & Weakness
- Below the 50- & 200-SMA
- Downward Momentum
- RS Weakness (≤10)
- Stage 4 (Downtrend)
- Stan Weinstein: Stage 4
- Stan Weinstein: Stage 4B-
- Weakness Cluster
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
Outlook
Analysts & Price Target
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.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 04/30/2027 | -3.94 | -3.94 – -3.94 | 851 | -55.7% | 1 |
| 04/30/2028 | -2.26 | -2.26 – -2.26 | 862 | 42.6% | 1 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
With these assumptions (discount rate 10.0%, terminal growth 2.5%), no growth rate between -20.0% and 60.0% per year explains today’s market value — the reverse calculation yields no meaningful figure here.
| Free cash flow (last twelve months) | $149.4M |
|---|---|
| Market cap | $14.0M |
| Free cash flow in year ten | – |
| Terminal value as a share of market value | – |
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
In 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
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -3.0%
- More than 10% revenue growth is expected for the coming year 6.0%
- Share count grows by less than 3% a year 8.1%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -2.9%
- Gross margin at 40% or higher and without meaningful erosion 48.2%
- Goodwill from acquisitions does not grow faster than revenue 1.6%
- Net debt below twice EBITDA failed
- Operating cash flow covers the profits of the last three years 95 m
- Return on capital at 15% or higher, or up versus two years ago -8.6%
- Insiders hold at least 10% or are net buyers 16.1%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
2/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 9.0%
- Exp. sales growth 3Y > 5% -18.0%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% -18.0%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 9
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% -32.9%
- ROCE > 15% -8.6%
- Expected return > 10% 352.0%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
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.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Jul 20, 2026 | Peterson Adam K | Former 10% beneficial owner | Other | 437,161 | 0.00 | – |
The company
About the Company
America's Car-Mart, Inc. ist über seine Tochtergesellschaften ein Autohändler für den Gebrauchtwagenmarkt in den USA.
- Employees
- 1,500
- Headquarters
- Rogers, AR
- Address
- 1805 North 2nd Street, 72756 Rogers, United States
- Phone
- 479 464 9944
- Website
- car-mart.com
- IPO Date
- 11/09/1993
- ISIN
- US03062T1051
- Stock Split
- 3:2 on 04/15/2005
Management
| Name | Title | Birth Year |
|---|---|---|
| Douglas W. Campbell | CEO, President & Director | 1976 |
| Jamie Z. Fischer | Chief Operating Officer | 1979 |
| Marie Persichetti | Chief Financial Officer | 1966 |
| Vickie D. Judy CPA | Chief Accounting Officer | 1967 |
| 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.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/11/2026 AMERICAS CARMART INC (CRMT): Entry into a Material Definitive Agreement; Other Events SEC ↗
- 09/09/2026 AMERICAS CARMART INC (CRMT): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 09/04/2026 AMERICAS CARMART INC (CRMT): Entry into a Material Definitive Agreement; Other Events SEC ↗
- 07/14/2026 AMERICAS CARMART INC (CRMT): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 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.