America’s Car-Mart, Inc. (NASDAQ: CRMT) shares fell hard Thursday, on reporting financial results for the first quarter ended July 31, 2025.
The Rogers, Ark.-based company reported total revenue was $341.3 million, down 1.9%. Sales volumes decreased 5.7% to 13,568 units.
Allowance for credit loss improved to 23.35%, compared to 25.00% at July 31, 2024. Net charge-offs as a % of average finance receivables were 6.6% vs. 6.4%
Loss per share proved $0.69 vs. loss per share of $0.15 in the prior-year quarter.
Said CEO Doug Campbell, “Our strategic investments are delivering measurable results. From a consumer demand standpoint, application volume was up over 10%. We deployed and implemented LOS V2 in the beginning of the quarter, which has a more advanced underwriting scorecard, and the enablement of risk-based pricing embedded within the tool.
“This functionality is now live across our entire footprint, excluding our acquisitions. Additionally, we have started to see the rapid adoption of new functionality within Pay Your Way, our upgraded consumer-facing collections platform.
“We are successfully executing on our focus to improve the quality of our portfolio,” concluded Campbell. “During the quarter credit applications from our customers that fall within on our top three customer credit rankings grew by 790 basis points, or 15% during the quarter when compared against fiscal year 2025 average.”
CRMT shares plummeted $9.64, or 21.6%, to $35.01.
