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.

Sales volumes fell 1.1% to 13,637 units, while credit applications rose 14.6%. Accounts over 30 days past due improved to 3.14% at quarter end from 3.76% in the prior quarter, and total collections increased 4.6% to $181.7 million.

Also Read: Exploring America’s Car-Mart’s Earnings Expectations

Gross margin was 37.5%, down ...