America's Car-Mart sinks on wider Q1 loss

America's CAR-MART

04/09/2025 16:11

** Shares of automotive retailer America's Car-Mart CRMT.O fall about 23% to $34.35

** Co's Q1 net loss widens to $0.69 per share, compared to a loss of $0.15 per share last year

** Reports 1.9% fall in Q1 total rev. to $341.3 mln from $347.8 mln reported last year, hurt by fewer retail units sold

** "During quarter wholesale prices rose resulting in each unit of inventory consuming more of our borrowing capacity, which places some limits on how much inventory we can carry" - CEO Doug Campbell

** CRMT says Q1 sales volumes declined 5.7%, mainly impacted by fewer units available for sale

**YTD, the stock has fallen ~31%, including sessions moves

 (Reporting by Krisha Bhatt)

 ((Krisha.Bhatt@thomsonreuters.com;))