Tearsheet

America's Car-Mart (CRMT)


Market Price (5/24/2026): $11.94 | Market Cap: $99.1 Mil
Sector: Consumer Discretionary | Industry: Automotive Retail

America's Car-Mart (CRMT)


Market Price (5/24/2026): $11.94
Market Cap: $99.1 Mil
Sector: Consumer Discretionary
Industry: Automotive Retail

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -58%

Attractive yield
FCF Yield is 14%

Megatrend and thematic drivers
Megatrends include Evolving Automotive Market. Themes include Used Vehicle Retail and Financing.

Weak multi-year price returns
2Y Excs Rtn is -123%, 3Y Excs Rtn is -166%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 13.03, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 18%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 846%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.2%, Rev Chg QQuarterly Revenue Change % is -12%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -99%

Key risks
CRMT key risks include [1] high credit loss exposure from its subprime customer focus, Show more.

0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -58%
1 Attractive yield
FCF Yield is 14%
2 Megatrend and thematic drivers
Megatrends include Evolving Automotive Market. Themes include Used Vehicle Retail and Financing.
3 Weak multi-year price returns
2Y Excs Rtn is -123%, 3Y Excs Rtn is -166%
4 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 13.03, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 18%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 846%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.2%, Rev Chg QQuarterly Revenue Change % is -12%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -99%
8 Key risks
CRMT key risks include [1] high credit loss exposure from its subprime customer focus, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

America's Car-Mart (CRMT) stock has lost about 55% since 1/31/2026 because of the following key factors:

1. Significant Earnings Misses and Consecutive Quarterly Losses.

America's Car-Mart reported a substantial loss of $76.71 million, or -$9.25 per share, for the third quarter of fiscal year 2026, which ended January 31, 2026, significantly missing analyst expectations of a -$0.32 loss per share. This marked the company's third consecutive quarterly earnings miss. Revenue also declined by 12% year-over-year to $286.79 million, falling short of analyst estimates.

2. Decline in Sales Volumes and Operational Constraints.

Retail unit sales decreased by 22.1% to 10,275 units in Q3 FY26, primarily due to lower inventory levels, a 12% reduction in its dealership footprint, and the impact of Winter Storm Fern in late January 2026. Management attributed the sales volume decline to constraints on origination capacity stemming from the company's capital structure transition and a moderation of capital deployed on inventory purchases. The company completed Phase 2 store consolidations in January 2026, reducing its active dealership count to 136 from 154 locations as of April 30, 2025.

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Stock Movement Drivers

Fundamental Drivers

The -53.8% change in CRMT stock from 1/31/2026 to 5/23/2026 was primarily driven by a -52.4% change in the company's P/S Multiple.
(LTM values as of)13120265232026Change
Stock Price ($)25.7211.88-53.8%
Change Contribution By: 
Total Revenues ($ Mil)1,3871,348-2.8%
P/S Multiple0.20.1-52.4%
Shares Outstanding (Mil)88-0.2%
Cumulative Contribution-53.8%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/23/2026
ReturnCorrelation
CRMT-53.8% 
Market (SPY)8.1%40.3%
Sector (XLY)-1.4%39.6%

Fundamental Drivers

The -46.6% change in CRMT stock from 10/31/2025 to 5/23/2026 was primarily driven by a -45.0% change in the company's P/S Multiple.
(LTM values as of)103120255232026Change
Stock Price ($)22.2411.88-46.6%
Change Contribution By: 
Total Revenues ($ Mil)1,3841,348-2.6%
P/S Multiple0.10.1-45.0%
Shares Outstanding (Mil)88-0.3%
Cumulative Contribution-46.6%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/23/2026
ReturnCorrelation
CRMT-46.6% 
Market (SPY)9.9%35.3%
Sector (XLY)-0.3%38.1%

Fundamental Drivers

The -74.9% change in CRMT stock from 4/30/2025 to 5/23/2026 was primarily driven by a -74.1% change in the company's P/S Multiple.
(LTM values as of)43020255232026Change
Stock Price ($)47.4211.88-74.9%
Change Contribution By: 
Total Revenues ($ Mil)1,3851,348-2.7%
P/S Multiple0.30.1-74.1%
Shares Outstanding (Mil)88-0.5%
Cumulative Contribution-74.9%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/23/2026
ReturnCorrelation
CRMT-74.9% 
Market (SPY)36.0%34.7%
Sector (XLY)21.8%37.6%

Fundamental Drivers

The -85.2% change in CRMT stock from 4/30/2023 to 5/23/2026 was primarily driven by a -80.6% change in the company's P/S Multiple.
(LTM values as of)43020235232026Change
Stock Price ($)80.3911.88-85.2%
Change Contribution By: 
Total Revenues ($ Mil)1,3571,348-0.6%
P/S Multiple0.40.1-80.6%
Shares Outstanding (Mil)68-23.2%
Cumulative Contribution-85.2%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/23/2026
ReturnCorrelation
CRMT-85.2% 
Market (SPY)86.3%32.5%
Sector (XLY)65.2%35.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CRMT Return-7%-29%5%-32%-51%-52%-89%
Peers Return38%-36%237%62%15%-9%403%
S&P 500 Return27%-19%24%23%16%9%98%

Monthly Win Rates [3]
CRMT Win Rate58%50%50%42%42%20% 
Peers Win Rate62%37%55%57%50%28% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
CRMT Max Drawdown-44%-53%-51%-50%-71%-61% 
Peers Max Drawdown-27%-51%-33%-21%-36%-27% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CVNA, KMX, AN, LAD, PAG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/22/2026 (YTD)

How Low Can It Go

EventCRMTS&P 500
2025 US Tariff Shock
  % Loss-23.1%-18.8%
  % Gain to Breakeven30.1%23.1%
  Time to Breakeven20 days79 days
2023 SVB Regional Banking Crisis
  % Loss-22.6%-6.7%
  % Gain to Breakeven29.2%7.1%
  Time to Breakeven81 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-43.2%-24.5%
  % Gain to Breakeven76.0%32.4%
  Time to Breakeven278 days427 days
2020 COVID-19 Crash
  % Loss-69.6%-33.7%
  % Gain to Breakeven228.6%50.9%
  Time to Breakeven323 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-13.4%-19.2%
  % Gain to Breakeven15.4%23.8%
  Time to Breakeven63 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-12.9%-3.7%
  % Gain to Breakeven14.8%3.9%
  Time to Breakeven35 days6 days

Compare to CVNA, KMX, AN, LAD, PAG

In The Past

America's Car-Mart's stock fell -23.1% during the 2025 US Tariff Shock. Such a loss loss requires a 30.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCRMTS&P 500
2025 US Tariff Shock
  % Loss-23.1%-18.8%
  % Gain to Breakeven30.1%23.1%
  Time to Breakeven20 days79 days
2023 SVB Regional Banking Crisis
  % Loss-22.6%-6.7%
  % Gain to Breakeven29.2%7.1%
  Time to Breakeven81 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-43.2%-24.5%
  % Gain to Breakeven76.0%32.4%
  Time to Breakeven278 days427 days
2020 COVID-19 Crash
  % Loss-69.6%-33.7%
  % Gain to Breakeven228.6%50.9%
  Time to Breakeven323 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-53.0%-12.2%
  % Gain to Breakeven113.0%13.9%
  Time to Breakeven326 days62 days
2014-2016 Oil Price Collapse
  % Loss-49.2%-6.8%
  % Gain to Breakeven97.0%7.3%
  Time to Breakeven308 days15 days
2013 Taper Tantrum
  % Loss-20.8%-0.2%
  % Gain to Breakeven26.3%0.2%
  Time to Breakeven216 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-27.7%-17.9%
  % Gain to Breakeven38.3%21.8%
  Time to Breakeven60 days123 days
2008-2009 Global Financial Crisis
  % Loss-41.6%-53.4%
  % Gain to Breakeven71.2%114.4%
  Time to Breakeven13 days1085 days

Compare to CVNA, KMX, AN, LAD, PAG

In The Past

America's Car-Mart's stock fell -23.1% during the 2025 US Tariff Shock. Such a loss loss requires a 30.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About America's Car-Mart (CRMT)

America's Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2021, it operated 151 dealerships in the South-Central United States. America's Car-Mart, Inc. was founded in 1981 and is headquartered in Rogers, Arkansas.

AI Analysis | Feedback

Here are 1-3 brief analogies for America's Car-Mart (CRMT):

  • Rent-A-Center for used cars.
  • Carvana for older cars and direct loans.

AI Analysis | Feedback

  • Used Vehicle Sales: The company primarily sells older model used vehicles to customers.
  • Vehicle Financing: America's Car-Mart provides financing options for its customers to purchase vehicles.

AI Analysis | Feedback

America's Car-Mart (CRMT) primarily sells older model used vehicles and provides financing directly to individual consumers, not to other companies. Based on its business model, the company serves the following categories of customers:

  • Customers with limited access to traditional credit: This includes individuals with low credit scores, no credit history, or those who have faced financial challenges. Car-Mart's in-house financing model directly addresses the needs of this segment, making vehicle ownership accessible when traditional lenders might decline.
  • Budget-conscious individuals seeking affordable transportation: These customers are looking for functional and reliable used vehicles at lower price points, along with manageable payment plans. They prioritize cost-effectiveness for their daily transportation needs.
  • Individuals seeking convenience and an integrated purchase/financing experience: Some customers prefer the streamlined process of buying a vehicle and securing financing all at one location, valuing the simplicity and speed offered by Car-Mart's model over navigating separate lending institutions.

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Douglas Campbell, Chief Executive Officer and President

Douglas Campbell became Chief Executive Officer and President in October 2023, after serving as President for the prior year. Before joining America's Car-Mart in October 2022, Mr. Campbell was Senior Vice President, Head of Fleet Services for the Americas, at Avis Budget Group. He also served as Vice President of Remarketing at Avis Budget Group, leading their wholesale, retail, and factory program disposals. Mr. Campbell led the strategic growth of the direct-to-consumer initiative and the overhaul of a business-to-business online direct sales platform at Avis Budget Group. Prior to Avis Budget Group, he worked for AutoNation in both corporate and field leadership roles. Previously, he spent 15 years at Coral Springs Auto Mall as an Executive General Manager, overseeing several brands selling both new and used vehicles.

Jonathan Collins, Chief Financial Officer

Jonathan Collins has served as Chief Financial Officer of America's Car-Mart since May 2025. Prior to joining Car-Mart, Jonathan served as CFO of Walmart Africa, overseeing financial strategy and operations across eight countries and more than 300 stores. During his tenure at Walmart, he held various financial leadership roles, including Chief Accounting Officer, Controller, and positions within Financial Planning & Analysis and Internal Audit across assignments in the U.S., Canada, India, and South Africa. Before joining Walmart, Jonathan was a Management Consultant at KPMG, specializing in CFO advisory services for clients in China, the U.S., and Australia. He previously worked as a software developer and Chief Architect for Alltel Information Systems.

Vickie D. Judy, Chief Accounting Officer

Vickie D. Judy is the Chief Accounting Officer of America's Car-Mart. She transitioned to this role in May 2025, after serving as Chief Financial Officer. Ms. Judy has been with the company since 2010 and played a critical role in expanding the company's loan portfolio.

Jamie Z. Fischer, Chief Operating Officer

Jamie Z. Fischer serves as the Chief Operating Officer of America's Car-Mart.

W. Brett Papasan, Chief Legal Officer

W. Brett Papasan holds the position of Chief Legal Officer at America's Car-Mart.

AI Analysis | Feedback

America's Car-Mart (CRMT) faces several critical risks, primarily stemming from its business model of selling older model used vehicles and providing financing to subprime customers.

  1. Capital Structure Constraints and Liquidity Risk: The most pressing risk to America's Car-Mart is its capital structure constraints and the challenges in securing adequate liquidity and financing. The company relies heavily on structured finance, such as asset-backed securitization, to fund its loan portfolio. The absence of a revolving warehouse facility has been explicitly identified as a top risk, directly limiting inventory levels and sales volume. This constraint has a direct negative impact on the company's ability to meet demand and grow.
  2. High Credit Loss Risk from Subprime Auto Lending: An inherent and ongoing risk for America's Car-Mart is the extremely high credit loss risk associated with its subprime auto lending model. Operating in the "Buy Here, Pay Here" (BHPH) space means dealing with customers who often have a high credit risk, resulting in significant net charge-offs (NCOs). For instance, in fiscal year 2025, the company's net charge-offs as a percentage of average finance receivables were a staggering 25.9%. This directly impacts capital efficiency and profitability.
  3. Macroeconomic Pressures and Vehicle Affordability Crisis: External macroeconomic factors, including persistent inflation and rising costs of essentials like food, auto insurance, housing, and childcare, exert significant pressure on America's Car-Mart's customer base. These pressures impact customer budgets, reducing their ability to afford used vehicles and make timely loan payments. This "affordability crisis" leads to decreased demand, increased delinquencies, and higher credit losses, further challenging the company's financial performance.

AI Analysis | Feedback

The emergence and rapid growth of online used car retailers (e.g., Carvana, Vroom) pose a clear threat to America's Car-Mart's traditional dealership model. These online platforms offer a more convenient, transparent, and often touchless car buying experience, including online financing and home delivery. While America's Car-Mart specializes in older model used vehicles and in-house financing for customers with challenging credit histories, the general shift in consumer preference towards online vehicle purchases challenges the necessity and appeal of physical dealerships. As online platforms continue to mature and potentially expand their inventory to include older models and refine their algorithms to cater to a broader range of credit profiles, they represent a fundamental disruption to the traditional brick-and-mortar automotive retail business model.

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America's Car-Mart's addressable markets in the United States include the used car market and the subprime auto lending market. The U.S. used car market generated a revenue of approximately USD 393.79 billion in 2024 and is projected to reach about USD 519.05 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.6% from 2025 to 2030. Another estimate indicates the U.S. used car market size reached around USD 339.08 billion in 2025 and is projected to grow to nearly USD 568.31 billion by 2035, with a CAGR of 5.30% between 2026 and 2035. In terms of units, the United States used car market reached 38.6 million units in 2025 and is estimated to reach 51.4 million units by 2034, exhibiting a CAGR of 3.23% from 2026-2034. Americans annually purchase around 39.4 million second-hand automobiles. For financing services, America's Car-Mart primarily caters to subprime borrowers. The total U.S. auto-loan balances were approximately USD 1.66 trillion in 2025. The subprime segment constitutes a significant portion of this market; the share of auto loan/lease originations to subprime borrowers was around 15.0% in Q3-2025 and increased to 17.5% in February 2026. The subprime auto loans industry in the United States has been growing at a CAGR of 4.6% between 2020 and 2025. These market sizes are for the entire U.S. America's Car-Mart operates over 135 automotive dealerships in 12 states, primarily focused on the South-Central United States.

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Expected Drivers of Future Revenue Growth for America's Car-Mart (CRMT)

Over the next 2-3 years, America's Car-Mart (CRMT) is expected to drive revenue growth through several key initiatives and market dynamics:

  1. Improved Capital Structure and Inventory Availability: A significant driver for future revenue growth is the resolution of capital structure constraints and the securing of a revolving warehouse facility. This facility is crucial for bridging receivables originations to securitizations, which in turn will enable the company to purchase more inventory and directly increase sales volumes. America's Car-Mart's ability to acquire inventory has been highlighted as the "single biggest driving force" for potential sales increases.
  2. Enhanced Credit Underwriting and Collections: The company's focus on strengthening credit performance through technology, such as the "Pay Your Way" platform and the new Loan Origination System (LOS V2), is expected to contribute to revenue growth. The "Pay Your Way" platform has already shown a 250% increase in customers utilizing automatic recurring payments. The LOS V2, launched in fiscal year 2025, aims to improve risk-adjusted returns and attract higher-quality credit customers within the subprime segment, leading to a healthier portfolio, more sustainable financing, and ultimately an expanded customer base.
  3. Optimized Dealership Footprint and Operational Efficiency: While involving the consolidation of some dealerships, this strategy aims to optimize the company's cost structure and concentrate resources in higher-performing markets. This strategic realignment is intended to strengthen performance at the remaining locations and support long-term profitability and growth, leading to increased sales efficiency per dealership.
  4. Strong Demand in the Underserved Subprime Market: Analysts anticipate that robust demand from underserved subprime borrowers will continue to drive resilient sales and revenue growth for America's Car-Mart. The company's core business model caters to this customer segment, and effectively serving this persistent demand, supported by improved capital and credit capabilities, will be a fundamental revenue driver.

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Here is a summary of America's Car-Mart's capital allocation decisions over the last 3-5 years:

Share Repurchases

  • America's Car-Mart purchased $432 thousand of common stock during the fiscal year ended April 30, 2025.
  • The company repurchased $336 thousand of common stock in the fiscal year ended April 30, 2024.

Share Issuance

  • America's Car-Mart raised additional equity in September 2024 to preserve flexibility and strengthen its balance sheet for long-term growth.
  • For the fiscal year ended April 30, 2025, the exercise of stock options and issuance of common stock resulted in $74,041 thousand.
  • The number of outstanding common shares increased from 6,394,675 at April 30, 2024, to 8,263,280 at April 30, 2025.

Outbound Investments

  • The company has a history of growth through acquisitions, successfully completing acquisitions in two of the three fiscal years prior to July 2022.
  • America's Car-Mart's June 2025 earnings report mentioned that recent acquisitions were still building out their base of accounts.

Capital Expenditures

  • During the fiscal year ended April 30, 2025, America's Car-Mart invested $11.4 million in acquisition and fixed assets.
  • The company has been making recent investments in technology and talent.
  • Capital expenditures are focused on modernizing its technology platform, including the full deployment of a new loan origination system (LOS) across 66% of its portfolio and a new payment platform "Pay Your Way" across all locations by June 2025.

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CRMTCVNAKMXANLADPAGMedian
NameAmerica'.Carvana CarMax AutoNati.Lithia M.Penske A. 
Mkt Price11.8868.2840.33189.98276.58164.73116.50
Mkt Cap0.148.75.76.66.510.86.5
Rev LTM1,34822,52225,88127,49337,72832,06826,687
Op Inc LTM182,068-4591,2781,3941,2541,266
FCF LTM147401,243-104-453597305
FCF 3Y Avg-51862464-116-247735207
CFO LTM169111,784187-74899543
CFO 3Y Avg-46977956221831,085588

Growth & Margins

CRMTCVNAKMXANLADPAGMedian
NameAmerica'.Carvana CarMax AutoNati.Lithia M.Penske A. 
Rev Chg LTM-2.7%51.7%-1.8%1.9%2.5%-0.9%0.5%
Rev Chg 3Y Avg-0.2%24.1%-4.4%1.1%10.0%4.5%2.8%
Rev Chg Q-12.0%52.0%-1.0%-2.1%1.0%-1.1%-1.0%
QoQ Delta Rev Chg LTM-2.8%10.8%-0.2%-0.5%0.2%-0.3%-0.3%
Op Inc Chg LTM-78.5%65.4%-72.1%1.5%-9.8%-8.6%-9.2%
Op Inc Chg 3Y Avg38.1%251.0%-22.6%-12.2%-7.5%-4.9%-6.2%
Op Mgn LTM1.3%9.2%-1.8%4.6%3.7%3.9%3.8%
Op Mgn 3Y Avg2.9%6.4%-1.2%5.0%4.3%4.2%4.3%
QoQ Delta Op Mgn LTM-2.6%-0.1%-0.3%-0.1%-0.2%-0.1%-0.2%
CFO/Rev LTM1.2%4.0%6.9%0.7%-0.2%2.8%2.0%
CFO/Rev 3Y Avg-3.3%6.6%3.7%0.8%0.2%3.4%2.1%
FCF/Rev LTM1.0%3.3%4.8%-0.4%-1.2%1.9%1.5%
FCF/Rev 3Y Avg-3.6%5.9%1.8%-0.4%-0.7%2.3%0.7%

Valuation

CRMTCVNAKMXANLADPAGMedian
NameAmerica'.Carvana CarMax AutoNati.Lithia M.Penske A. 
Mkt Cap0.148.75.76.66.510.86.5
P/S0.12.20.20.20.20.30.2
P/Op Inc5.623.6-12.55.24.68.65.4
P/EBIT7.7-135.84.54.83.87.24.7
P/E-1.033.823.29.79.111.710.7
P/CFO6.053.53.235.3-87.712.19.0
Total Yield-95.6%3.0%4.3%10.3%11.8%11.0%7.3%
Dividend Yield0.0%0.0%0.0%0.0%0.8%2.4%0.0%
FCF Yield 3Y Avg-10.0%4.6%7.4%-1.8%-3.7%7.2%1.4%
D/E9.70.13.21.62.50.92.0
Net D/E8.50.13.21.62.40.82.0

Returns

CRMTCVNAKMXANLADPAGMedian
NameAmerica'.Carvana CarMax AutoNati.Lithia M.Penske A. 
1M Rtn-5.9%-15.3%4.6%-6.4%0.3%3.0%-2.8%
3M Rtn-47.2%1.4%-9.4%-5.7%-5.4%-0.7%-5.6%
6M Rtn-41.3%10.2%14.2%-8.2%-8.2%3.4%-2.4%
12M Rtn-74.5%12.3%-35.2%4.3%-10.5%4.9%-3.1%
3Y Rtn-85.6%2,861.0%-42.5%38.3%20.4%25.2%22.8%
1M Excs Rtn-11.0%-20.4%-0.5%-11.5%-4.9%-2.2%-7.9%
3M Excs Rtn-51.1%-4.3%-14.0%-12.7%-11.9%-7.5%-12.3%
6M Excs Rtn-47.2%-9.0%5.4%-17.3%-18.1%-6.8%-13.2%
12M Excs Rtn-103.2%-11.0%-64.2%-23.4%-36.7%-22.9%-30.1%
3Y Excs Rtn-166.2%2,713.5%-123.7%-39.0%-51.6%-52.8%-52.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Entity selling and financing used vehicles1,394    
Interest and other income 19615211192
Sales 1,2041,044808653
Total1,3941,4001,196919745


Price Behavior

Price Behavior
Market Price$11.88 
Market Cap ($ Bil)0.1 
First Trading Date11/09/1993 
Distance from 52W High-80.6% 
   50 Days200 Days
DMA Price$12.37$23.93
DMA Trenddowndown
Distance from DMA-4.0%-50.4%
 3M1YR
Volatility83.7%69.5%
Downside Capture499.74292.09
Upside Capture120.9340.66
Correlation (SPY)41.2%31.9%
CRMT Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta2.302.342.171.991.891.30
Up Beta0.971.271.061.462.151.26
Down Beta4.211.312.022.562.520.86
Up Capture140%138%101%121%30%98%
Bmk +ve Days15223166141428
Stock +ve Days11212755104338
Down Capture1472%397%331%213%181%112%
Bmk -ve Days4183056108321
Stock -ve Days11223769146411

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CRMT
CRMT-75.2%69.4%-1.72-
Sector ETF (XLY)13.6%18.2%0.5635.5%
Equity (SPY)29.5%12.0%1.8632.5%
Gold (GLD)35.5%26.8%1.111.9%
Commodities (DBC)42.9%18.7%1.77-15.2%
Real Estate (VNQ)15.2%13.1%0.8226.6%
Bitcoin (BTCUSD)-31.3%41.8%-0.7818.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CRMT
CRMT-39.8%59.3%-0.62-
Sector ETF (XLY)7.8%23.7%0.2938.3%
Equity (SPY)14.0%17.0%0.6436.4%
Gold (GLD)18.8%18.0%0.853.2%
Commodities (DBC)10.4%19.4%0.424.3%
Real Estate (VNQ)3.8%18.8%0.1035.8%
Bitcoin (BTCUSD)11.6%55.3%0.4114.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CRMT
CRMT-6.3%54.3%0.10-
Sector ETF (XLY)13.0%22.0%0.5444.1%
Equity (SPY)15.7%17.9%0.7542.2%
Gold (GLD)13.0%16.0%0.672.8%
Commodities (DBC)7.8%17.9%0.3513.9%
Real Estate (VNQ)5.5%20.7%0.2341.0%
Bitcoin (BTCUSD)66.7%66.9%1.0613.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity1.5 Mil
Short Interest: % Change Since 41520268.7%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest13.0 days
Basic Shares Quantity8.3 Mil
Short % of Basic Shares18.0%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/12/2026-20.0%-40.6%-41.8%
12/4/202510.7%14.8%11.7%
9/4/2025-18.2%-23.0%-35.5%
6/12/2025-13.4%-15.3%-0.8%
3/6/20250.2%1.8%-1.8%
12/5/202416.0%21.4%6.0%
9/4/2024-15.7%-15.9%-31.3%
6/18/2024-6.4%-2.7%7.0%
...
SUMMARY STATS   
# Positive1089
# Negative141615
Median Positive6.2%8.0%7.4%
Median Negative-13.5%-11.0%-18.3%
Max Positive16.0%21.4%18.9%
Max Negative-20.0%-40.6%-41.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
01/31/202603/12/202610-Q
10/31/202512/09/202510-Q
07/31/202509/09/202510-Q
04/30/202508/08/202510-K
01/31/202503/10/202510-Q
10/31/202412/09/202410-Q
07/31/202409/16/202410-Q
04/30/202407/15/202410-K
01/31/202403/11/202410-Q
10/31/202312/08/202310-Q
07/31/202309/08/202310-Q
04/30/202306/26/202310-K
01/31/202303/10/202310-Q
10/31/202212/12/202210-Q
07/31/202209/02/202210-Q
04/30/202207/11/202210-K

Recent Forward Guidance [BETA]

Latest: Q3 2026 Earnings Reported 3/12/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2026 SG&A Savings      
2026 SG&A as a percentage of sales 0.17    
2026 Expense Savings 4.90 Mil    

Prior: Q2 2026 Earnings Reported 12/4/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 SG&A as a percentage of sales 0.17 230.0%11.5%RaisedGuidance: 0.05 for 2026
2026 Expense Savings 4.90 Mil    

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Peterson, Adam KDirectSell429202612.598,000100,72014,099,226Form
2Collins, Jonathan MChief Financial OfficerDirectBuy1212202525.271974,978162,820Form
3Collins, Jonathan MChief Financial OfficerDirectBuy618202549.301025,029307,977Form
4Peterson, Adam KDirectSell611202556.9188,0005,008,11081,273,316Form
5Peterson, Adam KDirectSell611202555.4953,0002,940,97084,128,056Form