America’s Car-Mart reports annual loss and going concern warning

• America’s Car-Mart reported total fiscal 2026 revenue of $1.28 billion, reflecting a 7.9% year-over-year decline.
• Management disclosed substantial doubt regarding the company’s ability to continue as a going concern absent additional financing.
• Retail sales volumes fell 14.3% to 48,891 units, while net charge-offs rose to 27.6% of average finance receivables.

America’s Car-Mart (NASDAQ:CRMT) reported fiscal 2026 revenue of $1.28 billion and a net loss of $16.79 per share.

The automotive retailer experienced a 14.3% drop in retail sales volume to 48,891 units, despite a 2.2% increase in total collections.

The company recorded $208.1 million in SG&A expenses, which included $4 million in restructuring costs and $11 million in dealership impairment charges.

Management also disclosed substantial doubt about the company’s ability to continue as a going concern following a June 2026 credit agreement amendment.

Following the announcement, America’s Car-Mart's share price was down at $16.50.

Total debt decreased 7% to $722.4 million as the company pursued strategic alternatives to manage its liquidity requirements.

The board continues to seek additional financing solutions to address covenant relief and maintain operational stability moving forward.