Professional
Added to YB: 2025-02-06
Pitch date: 2025-02-05
CRMT [bullish]
America's Car-Mart, Inc.
-51.37%
current return
Author Info
River Oaks Capital is an investment fund that invests in a concentrated number of small, underfollowed micro cap & small cap public companies. Sign up for the newsletter.
Company Info
America's Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer for the used car market in the United States.
Market Cap
$212.0M
Pitch Price
$49.76
Price Target
N/A
Dividend
N/A
EV/EBITDA
15.80
P/E
-14.20
EV/Sales
0.71
Sector
Specialty Retail
Category
turnaround
River Oaks Capital Portfolio Holding: America's Car-Mart, Inc.
CRMT: Deep subprime auto lender, 155 dealerships. New CEO Doug Campbell centralizing ops, improving lending. Industry downturn due to 'Covid sins'. 35% defaults on 2022 loans vs 25% norm. $1.5B loan book. Recent equity raise at 65% book value. Acquiring competitors. $400M mkt cap vs $550M+ distressed value. 12-15% ROE potential, 16-20% FCF yield.
Read full article (5 min)