CRMT Stock Drops Again as America’s Car-Mart Faces Financing Pressure
America’s Car-Mart stock opened at $11.77 Wednesday morning, after closing at $11.73 on Tuesday, off 1.8%. That keeps the used-car retailer near its 52-week low. Shares listed on the Nasdaq hit $62.87 at their highest this year. Why it’s in focus: CRMT is less about used cars now and more about its funding pipeline. The company is working to get back financing capacity with a warehouse credit facility, a revolving loan line backed by customer auto loans, after capital limits hit vehicle sales.