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Shares of used-car retailer America’s Car-Mart (NASDAQ:CRMT) fell 18.7% in the afternoon session after the company said in a Form 8-K filed that lenders extended temporary relief through October 1, 2026. Silver Point Finance, as agent, and the lenders pushed the scheduled termination date, and relief from minimum liquidity and a minimum collateral-coverage ratio, out from September 24 to October 1. The company said it has experienced, or expects, events of default, including failure to meet fina
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the vehicle retailer industry, including America's Car-Mart (NASDAQ:CRMT) and its peers.
Retailers are adapting their business models as technology changes how people shop. Still, demand can be volatile as the industry is exposed to the ups and downs of consumer spending. This has stirred some uncertainty lately as retail stocks have lagged the market over the past six months, posting a return of 1.9% compared to 12.7% for the S&P 500.
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