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America's Car-Mart cuts 40% of used-car locations and issues warning
The used-car dealer reported fiscal 2026 total revenue of $1.281 billion, a 7.9% decline, and a net loss per share of $16.79.
America's Car-Mart, a large chain of used-car dealerships focused on buy here, pay here sales and financing, has consolidated its store footprint by 40%, signaling stress in an auto lending market increasingly strained by high borrowing costs, according to Yahoo Finance.
The company reported that its active dealership count fell from 154 to 94 over the 12 months ended April 30, 2026, reflecting the consolidation of 60 locations. The outlet also noted broader affordability pressures, including record average monthly new-car payments and elevated rates faced by subprime borrowers, as context for why financing-dependent dealerships are under pressure.
In its fourth-quarter and full-year results for the period ended April 30, 2026, America's Car-Mart posted total revenue of $1.281 billion, down 7.9% from fiscal 2025. The company also reported a net loss per share of $16.79, compared with earnings per share of $2.38.
Yahoo Finance further said the retailer began showing early signs of trouble more than a year earlier, including references in company materials to closing a $300 million term loan in December 2024 intended to remove capital-related limits to optimize its store footprint.