America’s Car-Mart reported a net loss of $139.1 million, or $16.79 per share, for fiscal year 2026, and disclosed substantial doubt about its ability to continue as a going concern. Total revenue fell 7.9% to $1.28 billion, while sales volumes declined 14.3% to 48,891 units, driven by reduced inventory purchases and a smaller dealership base. During the fourth quarter, the Company consolidated 42 dealership locations into nearby, higher-performing dealerships, reducing its active dealership count from 154 at April 30, 2025 to 94 at April 30, 2026. The Company also amended its credit agreement on June 19, 2026, securing covenant relief and a defined window to pursue strategic and financing alternatives, though it has not yet obtained the additional financing needed to resolve its liquidity constraints. Net charge-offs rose to 27.6% of average finance receivables for the full year, and the Company recorded $11.0 million in non-cash impairment charges related to the dealership consolidations.
Americas Car-Mart IncReported full-year loss of $16.79 per share, disclosed going-concern doubt, and revenue fell 7.9%.