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

America’s Car-Mart, Inc., a prominent automotive retailer in the United States, has released its financial results for the second quarter of fiscal year 2026, ending October 31, 2025. The company has reported several key financial and operational metrics, reflecting its ongoing efforts to transform its business and improve its financial health. Financial Highlights For the second quarter of fiscal year 2026, America’s Car-Mart reported a total revenue of $350.2 million, marking a 0.8% increase year-over-year. The company experienced a loss per share of $2.71, with an adjusted loss per share of $0.79. Interest income saw a rise of 3.9%, amounting to $2.4 million. Despite a decrease in sales volumes by 1.1% to 13,637 units, the total collections increased by 4.6% to $181.7 million, outpacing the growth in finance receivables of 2.8%. Business and Operational Highlights During the quarter, America’s Car-Mart closed a $300 million term loan and repaid its revolving line of credit balance, enhancing its capital structure. The company also saw a 14.6% increase in credit applications and a 36 basis points improvement in accounts over 30 days past due year-over-year. The gross margin percentage decreased by 190 basis points to 37.5%, primarily due to a one-time service contract accounting change in the prior year. Strategic Initiatives and Corporate Developments Significant corporate developments include the closure of five underperforming stores, with customers and inventory transitioned to nearby higher-performing locations. This move is expected to improve cash generation and operational focus. Additionally, the company’s new LOS V2 underwriting platform and Pay Your Way program have shown promising results in enhancing credit quality and collections performance. Management's Perspective Doug Campbell, President and CEO, emphasized the company’s strategic actions to reposition America’s Car-Mart for sustainable growth and long-term success. He highlighted the benefits of the new term loan, which provides greater flexibility and control over the balance sheet, and the positive impact of the new underwriting platform on credit quality. Future Outlook Looking ahead, America’s Car-Mart remains focused on optimizing its cost structure, strengthening credit performance, and completing its capital structure transformation. The company anticipates that these actions will drive meaningful improvement in operating leverage and support a return to positive GAAP earnings. Management is committed to deploying capital in ways that maximize long-term shareholder value.Original SEC Filing: AMERICAS CARMART INC [ CRMT ] - 8-K - Dec. 04, 2025DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.