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America's Car-Mart, Inc. - CRMT STOCK NEWS

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

America's Car-Mart Inc. (NASDAQ: CRMT) is a leading automotive retailer based in Bentonville, Arkansas, focusing on the Integrated Auto Sales and Finance segment of the used car market in the United States. For over 25 years, the company has been dedicated to providing quality vehicles, flexible financing arrangements, and exceptional personal service.

The company's operations are primarily conducted through its two subsidiaries: America's Car Mart Inc. and Colonial Auto Finance. Specializing in older model used vehicles, America's Car-Mart not only sells these cars but also offers financing solutions to nearly all of its customers. The revenue streams include the sale of used vehicles, service contracts, accident protection plans, interest income, and late fees from financing agreements.

Recently, America's Car-Mart announced a definitive agreement to acquire the dealership assets of Allied Union Group, Inc., operating as Central Auto Sales in Hot Springs, Arkansas. This acquisition aims to enhance Car-Mart's presence in Hot Springs and expand its reconditioning capabilities. The transaction aligns with Car-Mart's growth strategy through acquisitions, aiming to deliver exceptional returns for shareholders while offering future growth prospects for associates of acquired companies.

America's Car-Mart operates dealerships in twelve states, primarily focusing on smaller cities in the South-Central United States. Known for its superior customer service, the company emphasizes building strong personal relationships with its customers. It continues to be one of the largest publicly held automotive retailers in the U.S. focused exclusively on the Integrated Auto Sales and Finance segment.

Despite facing a challenging macro environment, the company remains committed to its customers' success. Recent initiatives have shown progress in gross profit, credit losses, and results from a new loan origination system. America's Car-Mart continues to be agile with its cost structure and investments, aiming to deliver long-term profitability and shareholder value.

For more information about America's Car-Mart, including investor presentations, visit their website at www.car-mart.com.

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America’s Car-Mart (NASDAQ: CRMT) released its financial results for the fourth quarter and fiscal year ending April 30, 2024.

Fourth-quarter highlights include a revenue decrease of 5.8% to $364.7 million, a gross margin improvement to 35.5%, and total collections rising by 5.0% to $187.2 million. The allowance for credit losses was adjusted favorably to 25.32%, while net charge-offs increased to 7.3%. Diluted EPS dropped to $0.06 from $0.32.

For the full year, revenue was down 0.5% to $1.4 billion, while gross margin improved to 34.7%. Total collections increased by 9.2% to $688.9 million. However, the company reported a loss per share of $4.92 compared to last year's $3.11 earnings per share.

Notable strategic initiatives included the implementation of a new Loan Origination System (LOS), a partnership with Cox, and the acquisition of Texas Auto Center.

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America's Car-Mart, Inc. (NASDAQ: CRMT) will announce its fourth quarter and full fiscal year 2024 financial results on June 18, 2024. A conference call will be held at 9:00 a.m ET to discuss the results. The company operates automotive dealerships in twelve states, focusing on the Integrated Auto Sales and Finance segment of the used car market.

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America’s Car-Mart, Inc. (CRMT) is set to announce its fiscal 2024 fourth quarter financial results on June 18, 2024, followed by a conference call hosted by senior management. The company operates automotive dealerships focusing on the 'Integrated Auto Sales and Finance' segment of the used car market, with a strong emphasis on customer service and building personal relationships. America’s Car-Mart operates primarily in smaller cities in the South-Central United States, selling quality used vehicles and offering financing to most customers.

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America’s Car-Mart, Inc. (NASDAQ:CRMT) announced the acquisition of Texas Auto Center, excluding legacy finance receivables, expected to close in the first quarter of Car-Mart’s 2025 fiscal year. The acquisition aims to strengthen Car-Mart's growth strategy, delivering exceptional outcomes for customers, associates, and shareholders. The high-performance culture and customer focus of Texas Auto Center make it a valuable addition to Car-Mart's team.

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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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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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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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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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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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FAQ

What does America's Car-Mart Inc. do?

America's Car-Mart Inc. specializes in selling older model used vehicles and providing financing options for nearly all of its customers.

Where is America's Car-Mart Inc. based?

The company is based in Bentonville, Arkansas.

What are the primary revenue streams for America's Car-Mart Inc.?

The primary revenue streams include the sale of used vehicles, service contracts, accident protection plans, interest income, and late fees from financing agreements.

What recent acquisition did America's Car-Mart Inc. announce?

America's Car-Mart announced a definitive agreement to acquire the dealership assets of Allied Union Group, Inc., operating as Central Auto Sales in Hot Springs, Arkansas.

How does America's Car-Mart Inc. serve its customers?

The company provides quality vehicles, flexible financing arrangements, and exceptional personal service, focusing on building strong personal relationships with customers.

In which states does America's Car-Mart Inc. operate?

America's Car-Mart operates dealerships in twelve states, primarily in smaller cities throughout the South-Central United States.

What is America's Car-Mart Inc.'s stock symbol?

The stock symbol for America's Car-Mart Inc. is CRMT, traded on the NASDAQ National Market System.

What is America's Car-Mart Inc.'s approach to growth?

The company focuses on growth through acquisitions, enhancing reconditioning capabilities, and maintaining a commitment to excellent customer service and long-term profitability.

What recent financial initiatives has America's Car-Mart Inc. implemented?

Recent initiatives include progress in gross profit, credit losses, and results from a new loan origination system to improve overall financial performance.

How can I get more information about America's Car-Mart Inc.?

For more information, including investor presentations, visit the company's website at www.car-mart.com.

America's Car-Mart, Inc.

Nasdaq:CRMT

CRMT Rankings

CRMT Stock Data

407.15M
6.40M
10.43%
91.24%
14.68%
Used Car Dealers
Retail Trade
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United States of America
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