America's Car-Mart Reports Larger Loss as Revenue Falls Short of Expectations

Arkansas, Rogers - On Thursday, America’s Car-Mart Inc. (NASDAQ: CRMT) reported third-quarter losses that exceeded analyst expectations, with revenue falling short due to ongoing capital constraints and severe weather disruptions.

The company’s stock rose 1.99% in pre-market trading.

For the quarter ending January 31, 2026, the company reported an adjusted loss of $1.53 per share, significantly higher than the analyst consensus estimate of a $0.23 loss per share.

Total revenue was $286.7 million, below the expected $329.26 million, a 12.0% decrease year-over-year from $325.7 million.

Sales plummeted 22.1% to 10,275 vehicles, reflecting limited lending capacity caused by the company’s capital restructuring and the impact of winter storm Fern, which forced widespread store closures in late January.

Interest income increased 3.1% to $64.2 million, while unit gross profit rose 8.8% to $7,762.

However, net charge-offs as a percentage of average financed receivables increased from 6.1% last year to 6.5%. The company recorded $47.0 million in non-cash expenses to establish a valuation allowance for deferred tax assets.

President and CEO Doug Campbell stated, “Our third-quarter performance reflects the impact of ongoing capital restructuring on our lending volume. The decline in sales this quarter is a direct result of reduced capital deployment in inventory procurement, not a reflection of demand.”

The company completed its second phase of store consolidation in January 2026, reducing active dealerships from 154 to 136. America’s Car-Mart completed $161.3 million in securitized financing in December 2025 and is currently working to secure additional funding sources to restore lending capacity.

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