America's Car-Mart, Inc.
CRMT Consumer Cyclical Auto & Truck Dealerships
America's Car-Mart, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $1.3 billion, down 7.87% from fiscal 2025. In the quarter to July 2026, revenue fell 57.3%, EPS fell 1,100.0% and free cash flow grew 1,372.0%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.
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America's Car-Mart, Inc. (CRMT) Altman Z-score
America's Car-Mart, Inc.'s Altman Z-score for fiscal 2026 is 2.76, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.76 | (0.23) |
| FY2025 | 2.99 | (0.12) |
| FY2024 | 3.11 | (0.23) |
| FY2023 | 3.34 | (0.47) |
| FY2022 | 3.81 | (1.43) |
| FY2021 | 5.24 | 0.79 |
| FY2020 | 4.44 | (1.82) |
| FY2019 | 6.27 | 0.85 |
| FY2018 | 5.42 | 0.01 |
| FY2017 | 5.40 | 0.28 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.27 | — | 0.33 | |
| Retained earnings / total assets | 0.38 | — | 0.53 | |
| EBIT / total assets | 0.28 | — | 0.93 | |
| Market value of equity / total liabilities | 0.10 | — | 0.06 | |
| Sales / total assets | 0.90 | — | 0.90 | |
| Altman Z-score | Grey zone | 2.76 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.40 | ||
Z and Z″ put America's Car-Mart, Inc. in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CRMT America's Car-Mart, Inc. | 2.8× |
| SDA SunCar Technology Group Inc. compare | 1.8× |
| RDNW RideNow Group, Inc. compare | 0.4× |
| UCAR U Power Limited compare | −1.1× |
| CZOOF Cazoo Group Ltd. compare | −2.7× |
| JZXN Jiuzi Holdings, Inc. compare | −7.1× |
| UXIN Uxin Limited Sponsored ADR compare | −9.4× |
| KXIN Kaixin Holdings compare | −12.4× |
| AZI Autozi Internet Technology (Global) Ltd. compare | −13.8× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets