America's Car-Mart, Inc. (CRMT) 10-Year Financial Performance & Capital Metrics

CRMT • • Industrial / General

Consumer CyclicalAuto DealershipsTraditional Automotive DealershipsUsed Vehicle Specialists

AboutAmerica's Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer in the United States. It primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2022, the company operated 154 dealerships in the South-Central United States. The company was founded in 1981 and is based in Rogers, Arkansas.Show more

Revenue $1.39B -0.2%
EBITDA $101M +211.8%
Net Income $18M +157.0%
EPS (Diluted) 2.33 +147.5%
Gross Margin 47.8% +6.0%
EBITDA Margin 7.29% +212.5%
Operating Margin 6.74% +266.3%
Net Margin 1.29% +157.1%
ROE 3.44% +142.1%
ROIC 5.23% +200.4%
Debt/Equity 1.48 -14.7%
Interest Coverage 1.33 +238.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 13.3%
✓Trading at only 0.4x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.2%
✗Profits declining 19.0% over 5 years
✗Negative free cash flow
✗Shares diluted 20.2% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.12%

5Y13.31%

3Y4.69%

TTM-15.94%

Profit (Net Income) CAGR

10Y-4.87%

5Y-19.01%

3Y-42.68%

TTM-190.86%

EPS CAGR

10Y-3.27%

5Y-20.61%

3Y-44.89%

TTM-118.06%

ROCE

10Y Avg9.94%

5Y Avg10.15%

3Y Avg5.81%

Latest7.95%

Peer Comparison

Used Vehicle Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
KMXCarMax, Inc.	6.88B	48.52	15.12	-0.02%	1.67%	7.55%	2.27%	3.11
CRMTAmerica's Car-Mart, Inc.	234.33M	28.25	12.12	-0.21%	-1.26%	-2.6%		1.48
KXINKaixin Auto Holdings	7.51M	10.17	-0.22	-100%	-694.94%	-5.94%		0.08

Profit & Loss

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025
Sales/Revenue+	567.91M	587.75M	612.2M	669.12M	744.61M	918.61M	1.21B	1.41B	1.39B	1.39B
Revenue Growth %	0.07%	0.03%	0.04%	0.09%	0.11%	0.23%	0.32%	0.16%	-0.01%	-0%
Cost of Goods Sold+	304.89M	304.93M	315.27M	343.9M	388.48M	479.15M	663.63M	805.87M	765.42M	726.05M
COGS % of Revenue	0.54%	0.52%	0.51%	0.51%	0.52%	0.52%	0.55%	0.57%	0.55%	0.52%
Gross Profit+	263.02M	282.82M	296.93M	325.22M	356.14M	439.46M	548.73M	599.63M	628.48M	664.88M
Gross Margin %	0.46%	0.48%	0.49%	0.49%	0.48%	0.48%	0.45%	0.43%	0.45%	0.48%
Gross Profit Growth %	0.02%	0.08%	0.05%	0.1%	0.1%	0.23%	0.25%	0.09%	0.05%	0.06%
Operating Expenses+	240.85M	245.31M	252.33M	257.58M	283.85M	298.24M	417.26M	535.16M	602.83M	571.13M
OpEx % of Revenue	0.42%	0.42%	0.41%	0.38%	0.38%	0.32%	0.34%	0.38%	0.43%	0.41%
Selling, General & Admin	92.24M	91.94M	99.02M	107.25M	117.76M	130.85M	156.13M	176.7M	179.42M	188.92M
SG&A % of Revenue	0.16%	0.16%	0.16%	0.16%	0.16%	0.14%	0.13%	0.13%	0.13%	0.14%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	148.6M	153.37M	153.31M	150.33M	166.09M	167.38M	261.13M	358.46M	0	382.21M
Operating Income+	18.87M	33.45M	39M	59.76M	72.29M	141.22M	131.47M	64.47M	25.65M	93.75M
Operating Margin %	0.03%	0.06%	0.06%	0.09%	0.1%	0.15%	0.11%	0.05%	0.02%	0.07%
Operating Income Growth %	-0.6%	0.77%	0.17%	0.53%	0.21%	0.95%	-0.07%	-0.51%	-0.6%	2.65%
EBITDA+	23.07M	37.72M	43.25M	63.73M	76.13M	144.94M	135.5M	70.07M	32.52M	101.4M
EBITDA Margin %	0.04%	0.06%	0.07%	0.1%	0.1%	0.16%	0.11%	0.05%	0.02%	0.07%
EBITDA Growth %	-0.55%	0.63%	0.15%	0.47%	0.19%	0.9%	-0.07%	-0.48%	-0.54%	2.12%
D&A (Non-Cash Add-back)	4.21M	4.27M	4.25M	3.97M	3.84M	3.72M	4.03M	5.6M	6.87M	7.65M
EBIT	21.8M	36.31M	44.51M	67.73M	72.4M	142.15M	133.55M	64.11M	25.21M	93.45M
Net Interest Income+	-3.31M	-4.07M	-5.6M	-7.88M	-8.05M	-6.82M	-10.92M	-38.31M	-65.35M	-70.65M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	3.31M	4.07M	5.6M	7.88M	8.05M	6.82M	10.92M	38.31M	65.35M	70.65M
Other Income/Expense	-3.67M	-5.27M	-5.69M	-7.79M	-7.94M	-6.78M	-9.36M	-38.67M	-65.78M	-70.95M
Pretax Income+	18.5M	32.24M	38.91M	59.85M	64.35M	134.44M	122.11M	25.79M	-40.13M	22.8M
Pretax Margin %	0.03%	0.05%	0.06%	0.09%	0.09%	0.15%	0.1%	0.02%	-0.03%	0.02%
Income Tax+	6.9M	12.04M	2.4M	12.23M	13.01M	30.3M	27.09M	5.36M	-8.74M	4.87M
Effective Tax Rate %	0.63%	0.63%	0.94%	0.8%	0.8%	0.78%	0.78%	0.79%	0.78%	0.78%
Net Income+	11.6M	20.2M	36.51M	47.63M	51.34M	104.82M	95.01M	20.43M	-31.39M	17.89M
Net Margin %	0.02%	0.03%	0.06%	0.07%	0.07%	0.11%	0.08%	0.01%	-0.02%	0.01%
Net Income Growth %	-0.61%	0.74%	0.81%	0.3%	0.08%	1.04%	-0.09%	-0.78%	-2.54%	1.57%
Net Income (Continuing)	11.6M	20.2M	36.51M	47.63M	51.34M	104.14M	95.01M	20.43M	-31.39M	17.93M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	100K	100K	100K	100K	100K	100K	100K	100K	100K	100K
EPS (Diluted)+	1.33	2.49	4.91	6.73	7.39	14.95	13.92	3.11	-4.91	2.33
EPS Growth %	-0.59%	0.87%	0.97%	0.37%	0.1%	1.02%	-0.07%	-0.78%	-2.58%	1.47%
EPS (Basic)	1.38	2.57	5.05	6.99	7.74	15.70	14.60	3.20	-4.91	2.38
Diluted Shares Outstanding	8.67M	8.11M	7.44M	7.07M	6.95M	6.96M	6.82M	6.57M	6.39M	7.68M
Basic Shares Outstanding	8.37M	7.85M	7.23M	6.81M	6.63M	6.63M	6.51M	6.37M	6.39M	7.53M
Dividend Payout Ratio	0%	0%	0%	0%	0%	0%	0%	0%	-	0%

Balance Sheet

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025
Total Current Assets+	371.19M	393.76M	426.63M	463.65M	569.65M	719.76M	1.03B	1.25B	1.31B	1.42B
Cash & Short-Term Investments	602K	434K	1.02M	1.75M	59.56M	2.89M	6.92M	9.8M	5.52M	9.81M
Cash Only	602K	434K	1.02M	1.75M	59.56M	2.89M	6.92M	9.8M	5.52M	9.81M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	337.4M	359.26M	387.26M	419.78M	469.24M	628.49M	868.87M	1.07B	1.11B	1.19B
Days Sales Outstanding	216.85	223.1	230.89	228.99	230.02	249.72	261.59	278.85	290.26	311.78
Inventory	29.88M	30.13M	33.61M	37.48M	36.41M	82.26M	115.3M	109.29M	107.47M	112.23M
Days Inventory Outstanding	35.77	36.06	38.91	39.78	34.21	62.66	63.42	49.5	51.25	56.42
Other Current Assets	0	0	0	0	0	0	41.7M	58.24M	88.92M	114.73M
Total Non-Current Assets+	35.11M	30.49M	28.95M	28.89M	97.67M	102.4M	118.89M	169.34M	167.27M	181.6M
Property, Plant & Equipment	34.76M	30.14M	28.59M	28.54M	90.85M	95.12M	110.27M	120.82M	121.55M	120.72M
Fixed Asset Turnover	16.34x	19.50x	21.41x	23.45x	8.20x	9.66x	10.99x	11.63x	11.47x	11.52x
Goodwill	355K	355K	355K	355K	6.82M	7.28M	8.62M	11.72M	14.45M	22.8M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	-18.28M	-18.92M	-12.56M	-14.26M	-12.98M	-20.01M	-28.23M	-2.51M	31.28M	38.08M
Total Assets+	406.3M	424.26M	455.58M	492.54M	667.32M	822.16M	1.15B	1.42B	1.48B	1.61B
Asset Turnover	1.40x	1.39x	1.34x	1.36x	1.12x	1.12x	1.06x	0.99x	0.94x	0.87x
Asset Growth %	0.01%	0.04%	0.07%	0.08%	0.35%	0.23%	0.39%	0.24%	0.04%	0.09%
Total Current Liabilities+	17.24M	17.71M	18.04M	20.17M	22.59M	25.33M	27.67M	638.6M	353.8M	372.08M
Accounts Payable	12.31M	11.22M	13.61M	13.66M	13.12M	18.21M	20.05M	27.2M	21.38M	34.98M
Days Payables Outstanding	14.74	13.44	15.76	14.5	12.32	13.87	11.03	12.32	10.19	17.59
Short-Term Debt	101K	669K	0	1.27M	0	1.8M	0	638.6M	200.82M	206.06M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	-3.79M	1.99M	16M	14.86M	20.04M	25.73M	36.32M	-155.84M	46K	0
Current Ratio	21.53x	22.23x	23.65x	22.99x	25.22x	28.41x	37.09x	1.96x	3.70x	3.83x
Quick Ratio	19.80x	20.53x	21.78x	21.13x	23.61x	25.17x	32.93x	1.79x	3.40x	3.53x
Cash Conversion Cycle	237.88	245.73	254.04	254.27	251.9	298.52	313.97	316.03	331.31	350.61
Total Non-Current Liabilities+	159.84M	173.14M	206.61M	211.46M	341.58M	389.93M	647.88M	484.41M	652.7M	664.47M
Long-Term Debt	107.8M	117.94M	151.15M	152.08M	215.04M	225.92M	440.66M	0	553.63M	572.01M
Capital Lease Obligations	-22.41M	-1.99M	839K	839K	55.98M	62.89M	61.48M	62.3M	64.25M	67M
Deferred Tax Liabilities	21.02M	21.81M	15.83M	17.83M	15.95M	25.91M	35.62M	47.86M	24.04M	17.47M
Other Non-Current Liabilities	-18.73M	5.3M	-6.75M	-6.1M	-370K	-7.33M	-5.17M	530.42M	10.77M	7.98M
Total Liabilities	177.48M	191.25M	225.05M	232.03M	364.56M	415.66M	675.95M	1.12B	1.01B	1.04B
Total Debt+	107.9M	118.61M	152.87M	154.19M	278.38M	290.61M	502.14M	638.6M	818.7M	845.07M
Net Debt	107.3M	118.18M	151.85M	152.44M	218.82M	287.72M	495.22M	628.8M	813.18M	835.26M
Debt / Equity	0.47x	0.51x	0.66x	0.59x	0.92x	0.71x	1.07x	2.15x	1.74x	1.48x
Debt / EBITDA	4.68x	3.14x	3.53x	2.42x	3.66x	2.01x	3.71x	9.11x	25.17x	8.33x
Net Debt / EBITDA	4.65x	3.13x	3.51x	2.39x	2.87x	1.99x	3.65x	8.97x	25.00x	8.24x
Interest Coverage	5.71x	8.22x	6.96x	7.58x	8.98x	20.71x	12.04x	1.68x	0.39x	1.33x
Total Equity+	228.92M	233.11M	230.63M	260.61M	302.86M	406.6M	469.47M	297.52M	471.15M	569.92M
Equity Growth %	-0%	0.02%	-0.01%	0.13%	0.16%	0.34%	0.15%	-0.37%	0.58%	0.21%
Book Value per Share	26.42	28.74	30.99	36.85	43.60	58.41	68.80	45.31	73.75	74.19
Total Shareholders' Equity	228.82M	233.01M	230.53M	260.51M	302.76M	406.5M	469.37M	297.42M	471.05M	569.82M
Common Stock	127K	129K	131K	134K	135K	136K	136K	137K	137K	156K
Retained Earnings	305.35M	325.52M	361.99M	409.57M	460.88M	564.98M	658.24M	685.8M	654.37M	672.26M
Treasury Stock	-141.53M	-162.02M	-204.32M	-230.9M	-246.91M	-257.53M	-292.23M	-297.42M	-297.79M	-298.22M
Accumulated OCI	-141.53M	-162.02M	-204.32M	-230.9M	-246.91M	-257.53M	-292.23M	297.42M	0	0
Minority Interest	100K	100K	100K	100K	100K	100K	100K	100K	100K	100K

Cash Flow

	Apr 2016	Apr 2017	Apr 2018	Apr 2019	Apr 2020	Apr 2021	Apr 2022	Apr 2023	Apr 2024	Apr 2025
Cash from Operations+	14.29M	7.33M	9.99M	24.9M	20.92M	-53.81M	-114.28M	-137.97M	-73.9M	-48.76M
Operating CF Margin %	0.03%	0.01%	0.02%	0.04%	0.03%	-0.06%	-0.09%	-0.1%	-0.05%	-0.04%
Operating CF Growth %	0.15%	-0.49%	0.36%	1.49%	-0.16%	-3.57%	-1.12%	-0.21%	0.46%	0.34%
Net Income	11.6M	20.2M	36.51M	47.63M	51.34M	104.14M	93.31M	20.43M	-31.39M	17.93M
Depreciation & Amortization	4.21M	4.27M	4.25M	3.97M	3.84M	3.72M	4.03M	5.6M	6.87M	7.65M
Stock-Based Compensation	1.52M	1.29M	1.6M	3.7M	4.73M	5.96M	5.5M	5.31M	4.17M	0
Deferred Taxes	-898K	638K	-6.36M	1.7M	-1.28M	7.03M	8.23M	8.87M	-21.51M	0
Other Non-Cash Items	158.26M	165M	166.16M	163.54M	180.37M	182.97M	265.25M	363.79M	463.75M	409.08M
Working Capital Changes	-160.4M	-184.07M	-192.17M	-195.64M	-218.09M	-357.63M	-490.6M	-541.98M	-495.8M	-483.43M
Change in Receivables	-212.33M	-229.84M	-234.54M	-246.77M	-282.32M	-392.46M	-592.06M	-726.67M	0	-605.7M
Change in Inventory	48.15M	42.49M	38.79M	47.64M	53.83M	5.02M	50.88M	130.91M	139.19M	114.57M
Change in Payables	1.11M	676K	4.71M	2.23M	1.01M	14.77M	5.17M	8.62M	-9.34M	17.62M
Cash from Investing+	-4.52M	-655K	-1.7M	-3.89M	-9.89M	-8.26M	-22.24M	-25.33M	-10.64M	-11.38M
Capital Expenditures	-4.53M	-1.59M	-2.26M	-4.03M	-5.42M	-8.95M	-20.9M	-22.23M	-6.15M	0
CapEx % of Revenue	0.01%	0%	0%	0.01%	0.01%	0.01%	0.02%	0.02%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	7K	932K	554K	142K	184K	694K	-1.55M	-5.46M	316K	-3.85M
Cash from Financing+	-9.96M	-6.85M	-7.7M	-20.29M	46.78M	5.4M	176.22M	188.75M	110.96M	90.23M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-40K	-40K	-40K	-40K	-40K	-40K	-40K	-40K	-40K	-40K
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	784K	2.63M	1.54M	4.75M	1.03M	3.75M	-7.6M	-1.05M	-6.35M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	9.76M	5.75M	7.74M	20.87M	15.49M	-62.76M	-135.19M	-160.21M	-80.04M	-52.61M
FCF Margin %	0.02%	0.01%	0.01%	0.03%	0.02%	-0.07%	-0.11%	-0.11%	-0.06%	-0.04%
FCF Growth %	0.16%	-0.41%	0.35%	1.7%	-0.26%	-5.05%	-1.15%	-0.19%	0.5%	0.34%
FCF per Share	1.13	0.71	1.04	2.95	2.23	-9.02	-19.81	-24.40	-12.53	-6.85
FCF Conversion (FCF/Net Income)	1.23x	0.36x	0.27x	0.52x	0.41x	-0.51x	-1.20x	-6.75x	2.35x	-2.73x
Interest Paid	0	0	0	0	8.15M	7.03M	10.42M	36.6M	65.65M	70.65M
Taxes Paid	0	0	0	0	8.51M	26.96M	19.24M	5.48M	6.46M	11.13M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.06%	8.75%	15.75%	19.39%	18.22%	29.55%	21.69%	5.33%	-8.17%	3.44%
Return on Invested Capital (ROIC)	4.23%	7.3%	7.97%	11.27%	11.6%	17.42%	11.89%	5.11%	1.74%	5.23%
Gross Margin	46.31%	48.12%	48.5%	48.6%	47.83%	47.84%	45.26%	42.66%	45.09%	47.8%
Net Margin	2.04%	3.44%	5.96%	7.12%	6.9%	11.41%	7.84%	1.45%	-2.25%	1.29%
Debt / Equity	0.47x	0.51x	0.66x	0.59x	0.92x	0.71x	1.07x	2.15x	1.74x	1.48x
Interest Coverage	5.71x	8.22x	6.96x	7.58x	8.98x	20.71x	12.04x	1.68x	0.39x	1.33x
FCF Conversion	1.23x	0.36x	0.27x	0.52x	0.41x	-0.51x	-1.20x	-6.75x	2.35x	-2.73x
Revenue Growth	7.09%	3.49%	4.16%	9.3%	11.28%	23.37%	31.98%	15.93%	-0.83%	-0.21%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Sales Used Autos	-	-	462.96M	-	-	-	-	-	-	987.35M
Sales Used Autos Growth	-	-	-	-	-	-	-	-	-	-
Service Contract Sales	-	-	28.48M	-	-	-	-	-	-	83.75M
Service Contract Sales Growth	-	-	-	-	-	-	-	-	-	-
Wholesales Third Party	-	-	25.64M	-	-	-	-	-	-	40.07M
Wholesales Third Party Growth	-	-	-	-	-	-	-	-	-	-
Payment Protection Plan Revenue	-	19.74M	20.45M	22.7M	24.73M	26.83M	32.67M	34.53M	37.48M	35.04M
Payment Protection Plan Revenue Growth	-	-	3.59%	11.02%	8.92%	8.48%	21.80%	5.67%	8.56%	-6.52%
Sales of Used Autos Including Service Contracts and Payment Protection Plan	-	-	537.53M	-	-	-	-	-	-	-
Sales of Used Autos Including Service Contracts and Payment Protection Plan Growth	-	-	-	-	-	-	-	-	-	-
Payment Protection Plan	1.65M	-	-	-	-	-	-	-	-	-
Payment Protection Plan Growth	-	-	-	-	-	-	-	-	-	-
Service Contract	450K	-	-	-	-	-	-	-	-	-
Service Contract Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

America's Car-Mart, Inc. (CRMT) has a price-to-earnings (P/E) ratio of 12.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

America's Car-Mart, Inc. (CRMT) reported $1.14B in revenue for fiscal year 2024. This represents a 195% increase from $386.9M in 2011.

America's Car-Mart, Inc. (CRMT) saw revenue decline by 0.2% over the past year.

America's Car-Mart, Inc. (CRMT) reported a net loss of $14.4M for fiscal year 2024.

Dividend & Returns

America's Car-Mart, Inc. (CRMT) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

America's Car-Mart, Inc. (CRMT) has a return on equity (ROE) of 3.4%. This is below average, suggesting room for improvement.

America's Car-Mart, Inc. (CRMT) had negative free cash flow of $9.9M in fiscal year 2024, likely due to heavy capital investments.

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