America's Car-Mart Inc. reported its financial results for the first quarter of fiscal year 2026, ending on July 31, 2025. The company experienced a decrease in total revenue, which fell by 1.9% to $341.3 million compared to the same quarter last year. This decline was primarily attributed to a 5.7% decrease in sales volumes, with 13,568 retail units sold compared to 14,391 units in the prior year. Despite this, the average retail sales price increased by 1.4% to $19,564. Interest income rose by 7.5%, amounting to an increase of $4.6 million, while total collections saw a 6.2% rise to $183.6 million. The gross margin percentage improved by 160 basis points to reach 36.6%. On the downside, the company reported a loss per share of $0.69, a significant increase from the loss per share of $0.15 reported in the previous year. Additionally, SG&A expenses grew by 10.1% to $51.4 million, reflecting investments in personnel and technology initiatives expected to drive future efficiencies. Key business updates include the deployment and implementation of LOS V2 and an upgrade to the Pay Your Way platform. The company is also exploring options to diversify and expand its financing sources.