earnings
confidence high
sentiment negative
materiality 0.95
Car-Mart Q1 revenue down 57%, retail units -82% on capital constraints; strategic review ongoing
AMERICAS CARMART INC
- Retail units sold 2,450, down 81.9% YoY; revenue $145.8M, down 57.3%.
- Inventory cut to $35.2M from $112.5M; total debt down to $623.9M from $775.1M.
- Net charge-offs 9.5% of avg receivables vs 6.6%; 30+ days past due 4.6% vs 4.1%.
- SG&A $51.6M incl $13.7M non-recurring (professional fees, retention); adjusted SG&A $37.9M.
- Credit agreement amendment extended to Sept 11, 2026; 10-Q includes going concern note; no conference call.