# America's Car-Mart, Inc. (CRMT)
auto-bhph · subprime · live · latest quarter 2026-04-30 · reporting basis subprime

**Score 10** (weighted flags). Integrated BHPH: sells the car and originates the note. The only public pure-play deep-subprime BHPH operator, so it is the closest listed proxy for the operators the Cash Clock serves.

## Latest quarter, from the company's own XBRL

| Measure | Value |
|---|---|
| Book total (subprime) | $1.82B |
| Allowance | $329.9M (18.11% of gross) |
| Provision | $91.9M |
| Net charge-offs | $139.9M (30.21% annualized) |
| Provision / NCO | 0.66 |
| Reserve, quarters of losses | 2.4 |
| 30+ / 60+ / 90+ | – / – / – |
| Nonaccrual | – |
| Yield | 13.00% |
| Equity / assets | 31.45% |
| Book growth YoY | -6.4% |

Delinquency note: Car-Mart's headline metric, accounts 30+ days past due, sits in MD&A prose and is not tagged at the consolidated level, so it is absent here rather than approximated. Allowance coverage here divides by gross receivables including unearned finance charges, so it reads several points below Car-Mart's own allowance-to-principal convention. Trend direction is comparable; the level is not.

## Flags

- **Filed a non-reliance 8-K** (`nonreliance`)
- **Provision below net charge-offs for four or more quarters** (`reserve_bleed_deep`)
- **Equity share of assets falling sharply year over year** (`equity_eroding`)
- **Allowance covers under three quarters of the current loss burn** (`reserve_thin`)
- **Net charge-off rate up year over year** (`losses_rising`)

## Reads on the desk

- DANGER: Reserve bleed: provision has run below net charge-offs for 13 consecutive quarters (latest 2026-04-30, provision $91.9M against $139.9M of net charge-offs). The allowance is absorbing losses it is not being refilled for. Threshold: two consecutive quarters.
- HIGH: The allowance covers 2.4 quarters of losses at the current burn ($329.9M against $139.9M a quarter). Threshold: three quarters.
- HIGH: Equity fell to 31.4% of assets from 35.5% a year earlier, a 4.0 point erosion of the cushion under the book. Threshold: 4 points.

## Document-verified events

- 2025-07-30 Non-reliance 8-K (Item 4.02)

## In the news

- 2026-09-09 [Doubts over its future put America's Car-Mart (NASDAQ: CRMT) shareholders on edge—how bad could the hit be? - stocktitan.net](https://news.google.com/rss/articles/CBMirgFBVV95cUxQbkhDbjhJZXZvMzNyUFg2ZVZWZVJUM2ZFYkc4WUtsSVpBNHJDakplNEdmZ3lCN1R3bE1vOWNnSFdhekhkUThtVGUyR3VXbEpiXzRpckhUS2VocnppakV0aG1hSW1FeVFLeF81UXY0dDQ0bUUxZ3ZyWVE5WDNodENweTlkWU9SVG56REtNV1FaQnA4dmgxTEcyeFdsZ3dRcmlHckZkc3BRZVNiV0wwMXc?oc=5) · stocktitan.net
- 2026-09-09 [How Does America's Car-Mart Inc (CRMT) Stack Up After Q1 Earnings? GF Score 47/100, Revenue Misses at $145.8M - gurufocus.com](https://news.google.com/rss/articles/CBMi1gFBVV95cUxQTXpPSFRxOWtEU1Q0YzM5Vm1CVFpxTUJuMUdPb1h6TDhFZEhIR2ZlMmlWWUxUMmQyc21JSEl1dzdqZ2trbzR2WHU2UXdHb0h0S3U1Rkw3V1dyM2tDUTdLeEhaY2lwVGJsa1lVak1aUDNhNDF1cDRlZVNqbGNBOVdMWWlrQzlSSUZiUHZtYUpMREpCcFNhWlBqRXJQa2lmbW9IbHFHaElBZTRxQnV0X0xYZGFreXk2LU5iNUZ4S0FNdWJwLWltZ25MOGZJamdfeWJJZzVtY3Vn?oc=5) · gurufocus.com
- 2026-09-09 [Securities Fraud Investigation Into America's Car-Mart, - GlobeNewswire](https://news.google.com/rss/articles/CBMixAJBVV95cUxOX0s1SHdhTkttcHNaQVBwYUhYMkw5UTlkdVMxcTNlUTBXWmVPeEgtckJLQUVSdUI0bE03M0FzcGpCZ19tX0FRLU9JTDRJZUF2NTlWMS1wbjZsLTBNWV9CZUZGYWVEUnI2dkpUR0JEVC1jZWo4WjRBN2xuTkg2Slg5cnMzVEI1Y0JsSnAtZ215LWZwajNQVXRKTHF0MnNndGM1VVdRaENDZmVEZDVnNnJPSWt0RjgtQXQ5cFl3RHF3RzRfcmoxM2VvY2hNem5ieFJUQ1Vmc21UU1N5OHlQLWRhMXU1THBob3hGdXpoSUxaT2c3VzNzVUl6dW80MEsyUGt4cG50YU5UYVAxOEo0Tjk3dG15d1VrZU9DMm1ESjBVcHRYVVdvdlVfU0RFbDlGM3JQalIyaWJqTG1zWnV5RFhudnNiODA?oc=5) · GlobeNewswire
- 2026-09-09 [America's Car-Mart: Fiscal Q1 Earnings Snapshot - kare11.com](https://news.google.com/rss/articles/CBMi3gFBVV95cUxOMlBQT0MxRFVEQk1HbFVmcTVFN25ZMkZfZEpuWTQxbTVYSEN5T19xenFkVUZRbUtWRjVGMnBHNVh1S2lRcnowWWxJX09STkthamQzRldHc0h2WURrMzd3QzB1Q2VZV1BZVG5LN3FjMHA3RnIyaS1Id3poZ3FmSDVwZXY4cnBteXpSdXJUc09xaVpkUFpuaEZwQTJYWVZMY0NUT3U0aFJBS2JKY25rRHV2Z3lYeUNnbXM3TzRyN3E0cEpxeFNhNEd5LVppcmNGT1JMMW9Lb0I5c25McmhFQ1E?oc=5) · kare11.com
- 2026-09-09 [America’s Car-Mart Releases Q1 2027 Financial Results - AlphaStreet](https://news.google.com/rss/articles/CBMiigFBVV95cUxOYXZjLVVvaUZkYVg2OEVGZ0FsLVZDb0dkM1ppOWVVcXJtb1pTbDlNV2o3aXRZX3hkd1ZwN0tNZlk1elUxLU5LakpFZkpMaDVJcmx0bm9qV0syOGJLVnMtcTA5V0VfeG96RlhtMzI2NWh2aVlFbkVaOXBMMEdVU2xncWZQNWpmUHQ1WlE?oc=5) · AlphaStreet
- 2026-09-09 [Securities Fraud Investigation Into America's Car-Mart, Inc. (CRMT) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz - lincolnjournal.com](https://news.google.com/rss/articles/CBMivwJBVV95cUxQRnB3aXozX2JwdUtuWVNKc3NnbnhYRXlYTEZIREsta2UzbEl5SGktZGNFbzdmZ1hKUU1DZXBxQW5jWHFFT0IyTGtuZjNPUXhTekhjTUpPY21nYjNIcU5vM0IwdkFIU0dLY0RnMjFOYTRDOEdaM1dER3ZWUGlPOXVpT0RzdkZJd3Y4ZGxlTExqem5JSUQ4Z1k1S3J5VmtPUkF3d29lNXYycGVUR0NVXzYxcURzbnhzSTJjTGpobXlES1hxaHhacHlHTGNBb3lmUVFtMGx0ZmhqamhHRmR2SG5mX09PbEJ6SlkzenN4bjVmelFJeGV2NkZlSnEyYnZOV3ZFOGxqV0xHZlJMOWU3NW94WHR6LThCaFBMbk1ZS01CeTB2eE9BT1VFaEloTi1Oczk5RjM2YTdKUUlrSDlnVTdB?oc=5) · lincolnjournal.com
- 2026-09-09 [With Loan Deadline Days Away, America's Car-Mart Stock Plummets on $69M Quarterly Loss - Arkansas Business](https://news.google.com/rss/articles/CBMipAFBVV95cUxNOUVhVEFxZlBEQzNtMW9vNXRPRkhXbmVzanoyMXM5NE9lTmpvSlhrUnNISTRvUm1QTXJIcXJJd2NuVzF3d25HT2lJVExQcEhqaldnVmI2Um10VVI1ZEM1dnAyaGlFUmlzbHBEUTllSWlzT0tEdkpNOHpla3M0STJ4UlYyMzZXME4wSkdwWHI3S05yY29BemlmaDFwS2ZuR29wMklqWg?oc=5) · Arkansas Business
- 2026-09-09 [Used-car sales fell 81.9% as America's Car-Mart reduced inventory - stocktitan.net](https://news.google.com/rss/articles/CBMisgFBVV95cUxQVW9RS1ZWaHc3UWhxY0VMcEIweDlGd1FFUjBtMThFVjFObnFoczk1VjR6SEFIYXhoRi1tN0pxOXJ1Smc5NldhTlk4QWVkRE55cXA5WmtKeWZpczUwYWFPYzVBMV9na0hHTHhaTzlwcXMyRUpkWlZZMm1HQXJmdTJYMUpuc1BHZ3pwLW4tRk1velg3RXozNHVuVDJXSWZlQ3ZIQy1sOVlJSnYwcUphWEljX0JR?oc=5) · stocktitan.net

## How to verify

- Page: https://getbookiq.com/intel/#co=CRMT
- Data: https://getbookiq.com/intel/data/pubco.json (companies[].hist, columns q, receivables_gross, receivables_net, receivables_fv, book_total, allowance, provision, writeoffs, recoveries, nco, revenue, interest_income, nonaccrual, assets, equity, debt, alw_ratio, nco_rate, yield, prov_nco, nonacc_ratio, equity_ratio, leverage, reserve_qtrs, growth_yoy, alw_chg_yoy, nco_chg_yoy, nonacc_chg_yoy, yield_chg_yoy, eq_chg_yoy, dq30, dq60, dq90, dq_total, dq30_r, dq60_r, dq90_r, dq_total_r, dq90_chg_yoy, dqtot_chg_yoy, score)
- Definitions: https://getbookiq.com/dictionary/#auto-prov_nco
- Source: SEC XBRL company facts. Blank means the filer does not tag that concept, never zero. Peer comparison is within a business model or tier only.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide