Latest Ratios: P/E Ratio -0.1x · EV/EBITDA N/A · ROE -27.4%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12M | $101M | $364M | $366M | $528M | $552M | $1.1B | $458M | $700M | $397M | $303M |
| Enterprise Value | $737M | $826M | $1.2B | $1.2B | $1.2B | $1.0B | $1.3B | $677M | $853M | $549M | $421M |
| P/E Ratio → | -0.06 | — | 20.35 | — | 25.85 | 5.81 | 10.09 | 8.92 | 14.72 | 10.86 | 14.98 |
| P/S Ratio | 0.01 | 0.08 | 0.26 | 0.26 | 0.38 | 0.46 | 1.14 | 0.62 | 1.05 | 0.65 | 0.51 |
| P/B Ratio | 0.03 | 0.23 | 0.64 | 0.78 | 1.06 | 1.16 | 2.58 | 1.51 | 2.68 | 1.72 | 1.30 |
| P/FCF | 0.08 | 1.60 | — | — | — | — | — | 29.56 | 33.56 | 51.27 | 52.64 |
| P/OCF | 0.18 | 1.56 | — | — | — | — | — | 21.90 | 28.13 | 39.69 | 41.25 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.64 | 0.86 | 0.85 | 0.87 | 0.86 | 1.46 | 0.91 | 1.27 | 0.90 | 0.72 |
| EV / EBITDA | — | — | 11.83 | 36.27 | 17.40 | 7.73 | 9.23 | 8.89 | 13.38 | 12.69 | 11.15 |
| EV / EBIT | — | — | 12.84 | 46.79 | 19.02 | 7.97 | 9.41 | 9.35 | 12.59 | 12.33 | 11.59 |
| EV / FCF | — | 13.09 | — | — | — | — | — | 43.68 | 40.86 | 70.94 | 73.21 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.2% | 48.2% | 47.8% | 45.1% | 42.7% | 45.3% | 47.8% | 47.8% | 48.6% | 48.5% | 48.1% |
| Operating Margin | -8.4% | -8.4% | 6.7% | 1.8% | 4.6% | 10.8% | 15.4% | 9.7% | 8.9% | 6.4% | 5.7% |
| Net Profit Margin | -10.9% | -10.9% | 1.3% | -2.3% | 1.5% | 7.8% | 11.4% | 6.9% | 7.1% | 6.0% | 3.4% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -27.4% | -27.4% | 3.4% | -6.5% | 4.2% | 21.5% | 29.5% | 18.2% | 19.4% | 15.7% | 8.7% |
| ROA | -9.2% | -9.2% | 1.2% | -2.2% | 1.6% | 9.6% | 14.1% | 8.9% | 10.0% | 8.3% | 4.9% |
| ROIC | -6.3% | -6.3% | 5.2% | 1.6% | 4.5% | 11.8% | 17.4% | 11.6% | 11.3% | 8.0% | 7.3% |
| ROCE | -8.7% | -8.7% | 8.0% | 2.3% | 6.2% | 15.2% | 20.4% | 12.9% | 13.1% | 9.2% | 8.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.73 | 1.73 | 1.48 | 1.74 | 1.40 | 1.05 | 0.71 | 0.92 | 0.59 | 0.66 | 0.51 |
| Debt / EBITDA | — | — | 8.33 | 25.20 | 10.00 | 3.71 | 2.01 | 3.66 | 2.42 | 3.54 | 3.14 |
| Net Debt / Equity | — | 1.63 | 1.47 | 1.73 | 1.39 | 1.04 | 0.71 | 0.72 | 0.58 | 0.66 | 0.51 |
| Net Debt / EBITDA | — | — | 8.24 | 25.03 | 9.86 | 3.65 | 1.99 | 2.87 | 2.39 | 3.52 | 3.13 |
| Debt / FCF | — | 11.48 | — | — | — | — | — | 14.12 | 7.30 | 19.67 | 20.56 |
| Interest Coverage | -1.45 | -1.45 | 1.32 | 0.39 | 1.67 | 12.03 | 20.84 | 8.99 | 8.59 | 7.95 | 8.92 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.96 | 7.96 | 3.83 | 3.70 | 3.89 | 6.32 | 8.76 | 26.62 | 22.99 | 24.16 | 25.05 |
| Quick Ratio | 7.63 | 7.63 | 3.53 | 3.40 | 3.55 | 5.62 | 7.76 | 24.92 | 21.13 | 22.26 | 23.13 |
| Cash Ratio | 0.29 | 0.29 | 0.03 | 0.02 | 0.03 | 0.04 | 0.04 | 2.78 | 0.09 | 0.06 | 0.03 |
| Asset Turnover | — | 0.90 | 0.87 | 0.94 | 0.99 | 1.05 | 1.12 | 1.12 | 1.36 | 1.34 | 1.39 |
| Inventory Turnover | 12.28 | 12.28 | 6.47 | 7.12 | 7.37 | 5.76 | 5.82 | 10.67 | 9.17 | 9.38 | 10.12 |
| Days Sales Outstanding | — | 309.66 | 311.78 | 290.26 | 280.17 | 261.59 | 249.72 | 230.02 | 228.99 | 230.89 | 223.10 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Payout Ratio | — | — | 0.2% | — | 0.2% | 0.0% | 0.0% | 0.1% | 0.1% | 0.1% | 0.2% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 4.9% | — | 3.9% | 17.2% | 9.9% | 11.2% | 6.8% | 9.2% | 6.7% |
| FCF Yield | 100.0% | 62.4% | — | — | — | — | — | 3.4% | 3.0% | 2.0% | 1.9% |
| Buyback Yield | 2.5% | 0.3% | 0.1% | 0.1% | 1.0% | 6.3% | 1.0% | 3.5% | 3.8% | 10.7% | 6.8% |
| Total Shareholder Yield | 2.8% | 0.3% | 0.1% | 0.1% | 1.0% | 6.3% | 1.0% | 3.5% | 3.8% | 10.7% | 6.8% |
| Shares Outstanding | — | $8M | $8M | $6M | $7M | $7M | $7M | $7M | $7M | $7M | $8M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CRMT stock.
America's Car-Mart, Inc.'s current P/E ratio is -0.1x. The historical average is 16.3x.
America's Car-Mart, Inc.'s return on equity (ROE) is -27.4%. The historical average is 12.1%.
Based on historical data, America's Car-Mart, Inc. is trading at a P/E of -0.1x. Compare with industry peers and growth rates for a complete picture.
America's Car-Mart, Inc.'s current dividend yield is 0.34%.
America's Car-Mart, Inc. has 48.2% gross margin and -8.4% operating margin.
Key Metrics
Top Statement Risk
Subprime credit portfolio deterioration
Metrics are mathematically derived from official filings.
Distressed Valuation Reflects Credit Risk
As reported in recent financial filings, CRMT trades at a P/B of 0.04, a valuation level that suggests the market is heavily discounting the book value of the company's loan portfolio due to severe concerns regarding asset quality and the potential for future credit losses.
The extremely low P/B ratio relative to peers like Lithia Motors or AutoNation indicates that investors are pricing in a significant impairment of the company's underlying assets. This valuation suggests that the market views the current book value as potentially overstated, given the persistent net losses and the deteriorating health of the subprime borrower base.
Capital Efficiency Decaying Into Negative
Based on the latest quarterly data, CRMT's ROIC has plummeted to -0.8% in 2025Q3, marking a sharp reversal from the positive returns observed in previous periods and highlighting the company's inability to generate value from its invested capital in the current high-risk environment.
The transition from positive ROIC to negative territory suggests that the company is effectively destroying shareholder value with every dollar of capital deployed into the loan portfolio. This decay is driven by the combination of rising credit loss provisions and the inability to maintain sufficient interest spreads to cover the cost of capital.
Working Capital Cycle Remains Stretched
According to recent SEC filings, CRMT's cash conversion cycle has expanded to 416 days in 2025Q3, a significant increase that reflects the company's growing difficulty in collecting on its subprime loan portfolio and managing inventory turnover in a cooling used-vehicle market.
The extended DSO of 371 days is particularly concerning, as it suggests that the company's core revenue stream is becoming increasingly illiquid. This inefficiency forces the company to rely more heavily on external debt to fund operations, further exacerbating the liquidity risks inherent in its business model.
Liquidity Buffer Facing Structural Strain
As reported in financial statements, CRMT's current ratio has tightened to 1.37 in 2025Q3, down from a peak of 6.30 in 2024Q3, indicating a rapidly diminishing margin of safety for meeting short-term obligations amidst ongoing operational cash outflows.
The sharp decline in the quick ratio to 0.74 suggests that the company's liquidity is increasingly dependent on the liquidation of inventory, which may be difficult to achieve at favorable prices in a declining market. This trend warrants close monitoring, as it limits the company's flexibility to navigate further credit shocks.
Misapplied Metrics Obscure Credit Reality
Investors frequently misapply the P/E ratio to CRMT, which is fundamentally flawed because the company's earnings are heavily distorted by non-cash provisions for credit losses and the inherent volatility of the subprime lending cycle, rendering traditional earnings-based valuation metrics largely meaningless in this context.
Instead of P/E, analysts should focus on the 'Provision for Credit Losses' as a percentage of the total portfolio and the 'Net Charge-off Rate' to gauge true performance. Relying on P/E ignores the fact that the company's reported earnings can be manipulated through management's assumptions regarding future default rates, which often mask the underlying deterioration of the loan book.