America’s Car-Mart Reports Third Quarter Fiscal Year 2026 Results

About this update from America's Car-mart, Inc.

ROGERS, Ark., March 12, 2026 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today reported financial results for the third quarter ended January 31, 2026. Third Quarter Key Highlights (FY’26 Q3 vs. FY’25 Q3, unless otherwise noted) Sales volumes declined 22.1% to 10,275 units, reflecting constraints on origination capacity resulting from the Company's ongoing capital structure transition as well as the significant weather event impacting the south-central states in late JanuaryCompleted Phase 2 store consolidations in January 2026; active dealership count reduced to 136; 18 total locations consolidated across Phases 1 and 2 as part of our ongoing operational improvement initiativeCompleted ACM Auto Trust 2025-4 securitization in December 2025 and issued $161.3 million in asset-backed notesTotal revenue of $286.8 million, down 12.0%; interest income increased 3.1% to $64.2 millionGross profit per unit improved 8.8% to $7,762; gross margin percentage of 35.8% vs. 35.7%Total collections of $179.0 million, up 1.5% year-over-yearNet charge-offs as a percentage of average finance receivables were 6.5% vs. 6.1%SG&A of $51.5 million; includes $2.8 million in non-recurring store consolidation charges; adjusted SG&A1 of $48.7 million, or 21.8% of salesRecorded a non-cash charge of $47.0 million to establish a valuation allowance against deferred tax assetsLoss per share of $9.25 and adjusted loss per share1 of $1.53Total cash including restricted cash of $237.0 million at January 31, 2026 President and CEO Doug Campbell commentary: "Our third quarter results reflect the impact of our ongoing capital structure transition on origination volumes. The sales volume decline this quarter is a direct result of the moderation of capital deployed on inventory purchases and not a reflection of demand. Sales for the quarter were further challenged by severe weather in the South-Central U.S., which affected our entire footprint and resulted in significant store closures in the last week of January, as well as the impact of operating with a 12% smaller store footprint year-over-year. Our top-of-funnel metrics remained strong throughout the quarter as the need for affordable, quality used vehicles among credit-challenged customers remains robust. "Just prior to the end of the second quarter, we closed a $300 million term loan, whi...

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