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Benzinga
Benzinga
Business
Akanksha Bakshi

America's Car-Mart Warns Inflation And SNAP Changes Could Impact Customer Base

Munich,,Bavaria,,Germany,-,March,31,2023:,America's,Car-mart,Is

America’s Car-Mart, Inc. (NASDAQ:CRMT) on Thursday reported financial results for the second quarter of fiscal 2026, posting a loss per share of $2.71. Adjusted loss per share was 79 cents, missing the 49 cents loss estimate, while sales of $350.192 million beat the $331.032 million estimate.

Total revenue was $350.2 million, up 0.8% from a year earlier, when results included a $13.2 million one-time benefit tied to a change in service contract revenue recognition. Excluding the prior-year benefit, the company stated that revenue on an adjusted basis would have increased 4.8% year-over-year.

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