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Americas Car Mart, Inc. - CRMT STOCK NEWS

Welcome to our dedicated news page for Americas Car Mart (Ticker: CRMT), a resource for investors and traders seeking the latest updates and insights on Americas Car Mart.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Americas Car Mart's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Americas Car Mart's position in the market.

Rhea-AI Summary
America’s Car-Mart, Inc. (NASDAQ: CRMT) reported Q3 FY24 financial results with revenue at $299.6 million, a 7.9% decrease from Q3 FY23. Key highlights include completion of updated loan origination system, increased total collections by 9.3%, and a strategic partnership with Cox Automotive. Despite challenges in sales volumes, the company focuses on improving profitability and shareholder value.
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End-of-Day
6.74%
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Rhea-AI Summary
America’s Car-Mart, Inc. (NASDAQ: CRMT) is set to release its fiscal 2024 third quarter financial results on March 8, 2024. The senior management will host a conference call at 11:00 a.m ET to discuss the results. Participants can access the call via webcast or telephone, with a replay available for 12 months.
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End-of-Day
0.06%
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Rhea-AI Summary
America's Car-Mart, Inc. (NASDAQ: CRMT) reported Q2 FY24 financial results with a 2.8% revenue increase to $361.6 million, 4.6% decrease in retail unit sales, and gross margin up to 34.3%. The company also reported a 6.0% increase in customer count, but net charge-offs as a % of average finance receivables were up to 7.2% from 5.8% in the prior year's quarter. Loss per share was $4.30 vs. $0.48 diluted earnings per share.
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-17.99%
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America’s Car-Mart, Inc. (NASDAQ: CRMT) announced the acquisition of Central Auto Sales, enhancing its presence in Hot Springs, Arkansas. The transaction aims to grow the business through acquisitions, providing exit opportunities for owner-operators and future growth prospects while delivering exceptional returns for shareholders.
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End-of-Day
-5.51%
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Rhea-AI Summary
America’s Car-Mart, Inc. (NASDAQ: CRMT) will release fiscal 2024 second quarter financial results on December 5, 2023. The conference call to discuss the results will be held at 11:00 a.m. ET. Participants can access the call via webcast or telephone. A replay of the call will be available for 12 months.
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America’s Car-Mart, Inc. (NASDAQ: CRMT) is conducting its 15th annual Holiday Toy Drive during November. The company aims to collect toys to share with 30 children’s hospitals. Over 150 Car-Mart dealerships will serve as toy donation destinations. In 2022, the company collected over 25,000 toys for 29 children’s hospitals.
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4.31%
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Rhea-AI Summary
America's Car-Mart CEO William 'Hank' Henderson Passes Away
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-6.92%
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Rhea-AI Summary
America’s Car-Mart announces Doug Campbell as new CEO, succeeding Jeff Williams. Q1 fiscal 2024 earnings reported. Company has experienced growth in customer base, book value per share, finance receivables, and diversified funding. Campbell aims to capitalize on company's history and brand for future growth. Williams remains as CEO Emeritus and board member. Positive outlook for long-term growth and profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.68%
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management
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Rhea-AI Summary
America’s Car-Mart reports strong revenue growth in Q1 FY2024, with net income negatively impacted by credit results. Diluted EPS was $0.63 on revenue of $368.0 million. Doug Campbell will succeed Jeff Williams as CEO, effective October 1, 2023. Revenues increased by 8.6% and same-store retail revenue growth was 8.2%. Gross profit per car sold was $6,768. Provision for credit losses as a percentage of sales was 30.9%. Interest income was up 27.3% to $56.5 million. Customer count increased 8.1% to 104,734 active customers. Diluted EPS was $0.63. Gross margin improved to 36.0%. SG&A was 14.9% of sales. Total debt to finance receivables was 49.3%.
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-13.68%
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-0.85%
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Americas Car Mart, Inc.

Nasdaq:CRMT

CRMT Rankings

CRMT Stock Data

362.18M
5.23M
10.29%
94.26%
17.26%
Used Car Dealers
Retail Trade
Link
United States
Rogers

About CRMT

for 25 years, we have been committed to providing our customers with quality vehicles, flexible financing arrangements and personal service. based in bentonville, arkansas, our common stock is traded on the nasdaq national market system under the symbol "crmt"​.