CRMT Stock Drops Again as America’s Car-Mart Faces Financing Pressure
America’s Car-Mart stock opened at $11.77 Wednesday, near its 52-week low, after closing at $11.73 Tuesday. The company plans to close 42 of its 136 dealerships and cut staff, following a 22% drop in sales volume and a $9.25 per-share loss last quarter. Management cited “near-term liquidity” problems and is seeking new financing. Shares remain well below their $62.87 high earlier this year.