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CRMT

America's Car-Mart, Inc.

CRMT

America's Car-Mart, Inc. • NASDAQ
$21.65 ▼ -0.82% (-0.18)
Market Cap $179.22 M
52w High $62.72
52w Low $17.78
Dividend Yield 0%
P/E 12.09
Volume 82.11K
Outstanding Shares 8.28M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2025 $341.312M ▲ $51.408M ▼ $-5.736M ▼ -1.681% ▼ $-0.69 ▼ $11.779M ▼
Q4-2024 $125.45M ▼ $143.252M ▲ $10.625M ▲ 8.47% ▲ $1.29 ▲ $31.788M ▲
Q3-2024 $325.726M ▼ $135.002M ▼ $3.162M ▼ 0.971% ▼ $0.38 ▼ $23.203M ▼
Q2-2024 $347.269M ▼ $148.855M ▲ $4.115M ▲ 1.185% ▲ $0.62 ▲ $27.084M ▲
Q1-2024 $347.763M $142.134M $-964K -0.277% $-0.15 $19.013M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2025 $9.666M ▼ $1.608B ▲ $1.043B ▲ $564.931M ▼
Q4-2024 $9.808M ▲ $1.606B ▼ $1.037B ▼ $569.822M ▲
Q3-2024 $8.532M ▲ $1.607B ▲ $1.049B ▲ $558.211M ▲
Q2-2024 $8.006M ▲ $1.575B ▲ $1.021B ▼ $553.965M ▲
Q1-2024 $4.748M $1.531B $1.06B $471.453M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2025 $-5.736M ▼ $-5.918M ▼ $-439K ▲ $3.247M ▲ $-3.11M ▼ $-6.377M ▼
Q4-2024 $10.635M ▲ $19.218M ▲ $-783K ▼ $-20.256M ▼ $-1.821M ▲ $18.459M ▲
Q3-2024 $-8.542M ▼ $-30.776M ▼ $-751K ▲ $28.201M ▼ $-3.326M ▼ $-31.527M ▼
Q2-2024 $5.099M ▲ $-22.234M ▼ $-1.328M ▲ $54.625M ▲ $31.063M ▲ $-23.586M ▼
Q1-2024 $-964K $-14.972M $-8.513M $27.659M $4.174M $-15.958M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q1-2025
Payment Protection Plan Revenue
Payment Protection Plan Revenue
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Sales Used Autos
Sales Used Autos
 $0 ▲$230.00M ▲$760.00M ▲$230.00M ▼
Service Contract Sales
Service Contract Sales
 $0 ▲$20.00M ▲$70.00M ▲$20.00M ▼
Wholesales Third Party
Wholesales Third Party
 $0 ▲$10.00M ▲$30.00M ▲$10.00M ▼
Service Contract
Service Contract
 $10.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been broadly flat over the last few years, which means growth has stalled even as the company has scaled up. Profitability has swung around quite a bit: earlier years were solidly profitable, then results slipped to a loss, and most recently the company only earned a modest profit. Operating margins have narrowed compared with the past, suggesting higher credit losses, operating costs, or pressure on used vehicle economics. Overall, the income statement shows a mature business under margin pressure, with earnings now much lower and more volatile than they were a few years ago.

Balance Sheet

Balance Sheet The balance sheet has grown as the company has expanded its loan book and store base, but this has been funded heavily with debt. Borrowings have climbed faster than equity, and cash on hand remains very thin, leaving the company reliant on ongoing access to credit facilities. Equity has improved from the low point a few years ago, but leverage is still elevated for a subprime-focused lender tied to used vehicles. This structure can work in good times but leaves less room for error if credit quality or funding markets deteriorate.

Cash Flow

Cash Flow Despite reported accounting profits in most years, the business has consistently used, rather than generated, cash from its core operations. Free cash flow has been negative year after year, mostly because the company continually reinvests in receivables and inventory to support its in-house financing model, with only modest spending on physical assets. This pattern is typical for a buy-here-pay-here operator but means the model is structurally dependent on outside funding, and less able to self-fund growth or cushion shocks through internal cash generation.

Competitive Edge

Competitive Edge America’s Car-Mart occupies a defensible niche in smaller towns and rural markets, where transportation is essential and competition from large national used-car chains is limited. Its integrated “buy here pay here” structure, long experience in subprime auto lending, and focus on building personal relationships in local communities give it a real edge with credit-challenged customers. At the same time, this niche is inherently high risk: customers are more fragile financially, and results are sensitive to employment trends, used car values, and regulatory oversight of subprime lending. Competition from other BHPH dealers and emerging digital or fintech lenders is also a constant, even if less intense in the company’s rural footprint.

Innovation and R&D

Innovation and R&D The company is not a classic R&D-heavy business, but it has been investing meaningfully in technology and analytics. The new loan origination system and data-driven underwriting tools are designed to upgrade credit decision-making and tilt the customer base toward stronger borrowers. The “Pay Your Way” platform modernizes collections by adding digital payment options and self-service tools, potentially improving payment behavior and lowering collection costs. Management is also exploring alternative financing structures and acquisitions to expand capacity. Overall, the innovation focus is practical and operational: better risk modeling, smoother payments, and more scalable systems rather than breakthrough products.

Summary

America’s Car-Mart is a specialized used-car and subprime finance operator with a long history and a clear niche, but its recent financial profile is mixed. Sales are steady rather than growing, profit margins have compressed, and cash flow is consistently negative, reflecting a capital-intensive, credit-driven model that leans heavily on external funding. The balance sheet shows meaningful leverage and little cash, which heightens sensitivity to the credit cycle and funding conditions. On the positive side, the company has a well-defined competitive position in underserved rural markets and is actively upgrading its technology, underwriting, and customer payment tools to improve portfolio quality and efficiency. Future performance will hinge on how well it manages credit risk, maintains funding access, and translates its digital and operational initiatives into more stable, higher-quality earnings and eventually healthier cash generation.

NEWS

November 29, 2025 · 1:00 PM UTC

Rosen Law Firm Encourages America's Car-Mart, Inc. Investors with Losses in Excess of $100K to Inquire About Securities Class Action Investigation - CRMT

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November 28, 2025 · 12:40 PM UTC

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages America's Car-Mart, Inc. Investors to Inquire About Securities Class Action Investigation - CRMT

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November 27, 2025 · 11:11 AM UTC

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages America's Car-Mart, Inc. Investors to Inquire About Securities Class Action Investigation - CRMT

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November 26, 2025 · 3:16 PM UTC

CRMT Investor News: If You Have Suffered Losses in America's Car-Mart, Inc. (NASDAQ: CRMT), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

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November 25, 2025 · 5:52 PM UTC

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages America's Car-Mart, Inc. Investors to Inquire About Securities Class Action Investigation - CRMT

Read more