America’s Car-Mart, Inc. Announces Chief Financial Officer Transition
America's Car-Mart (NASDAQ: CRMT) has announced a significant leadership transition, with Jonathan Collins appointed as Chief Financial Officer (CFO) effective May 12, 2025. Current CFO Vickie Judy will transition to the role of Chief Accounting Officer (CAO). The change is part of Car-Mart's strategy to build a stronger foundation for long-term growth.
Under Judy's tenure since 2010, the company achieved a notable 450+% increase in its loan portfolio size. CEO Doug Campbell, who took the position in October 2023, emphasized the company's focus on strengthening operations and attracting talent to support its expanding business complexity. Collins brings extensive experience in driving strategic and financial performance in complex organizations, particularly in areas of capital markets, treasury, and financial planning.
America's Car-Mart (NASDAQ: CRMT) ha annunciato un importante cambiamento nella leadership, con la nomina di Jonathan Collins a Chief Financial Officer (CFO), a partire dal 12 maggio 2025. L'attuale CFO, Vickie Judy, assumerà il ruolo di Chief Accounting Officer (CAO). Questa modifica fa parte della strategia di Car-Mart per consolidare una base più solida per la crescita a lungo termine.
Durante il mandato di Judy, iniziato nel 2010, l'azienda ha registrato un notevole incremento di oltre il 450% nel portafoglio prestiti. Il CEO Doug Campbell, in carica da ottobre 2023, ha sottolineato l'importanza di rafforzare le operazioni e attrarre talenti per supportare la crescente complessità del business. Collins porta con sé una vasta esperienza nella guida delle performance strategiche e finanziarie in organizzazioni complesse, soprattutto nei settori dei mercati dei capitali, tesoreria e pianificazione finanziaria.
America's Car-Mart (NASDAQ: CRMT) ha anunciado una importante transición en su liderazgo, con la designación de Jonathan Collins como Director Financiero (CFO) a partir del 12 de mayo de 2025. La actual CFO, Vickie Judy, asumirá el puesto de Directora de Contabilidad (CAO). Este cambio forma parte de la estrategia de Car-Mart para fortalecer las bases para un crecimiento a largo plazo.
Durante el mandato de Judy desde 2010, la compañía logró un notable aumento de más del 450% en el tamaño de su cartera de préstamos. El CEO Doug Campbell, quien asumió el cargo en octubre de 2023, destacó el enfoque de la empresa en fortalecer las operaciones y atraer talento para apoyar la creciente complejidad del negocio. Collins aporta una amplia experiencia en impulsar el rendimiento estratégico y financiero en organizaciones complejas, especialmente en áreas de mercados de capital, tesorería y planificación financiera.
America's Car-Mart (NASDAQ: CRMT)는 2025년 5월 12일부로 조나단 콜린스(Jonathan Collins)를 최고재무책임자(CFO)로 임명하는 중요한 리더십 변화를 발표했습니다. 현 CFO인 비키 주디(Vickie Judy)는 최고회계책임자(CAO)로 역할을 전환합니다. 이번 변화는 Car-Mart가 장기적인 성장을 위한 더 강력한 기반을 구축하기 위한 전략의 일환입니다.
2010년부터 주디가 CFO로 재임하는 동안, 회사는 대출 포트폴리오 규모를 450% 이상 증가시키는 성과를 거두었습니다. 2023년 10월 취임한 CEO 더그 캠벨(Doug Campbell)은 운영 강화와 비즈니스 복잡성 확대를 지원할 인재 유치에 집중하고 있음을 강조했습니다. 콜린스는 자본 시장, 재무 관리, 재무 계획 분야에서 복잡한 조직의 전략적 및 재무 성과를 이끄는 폭넓은 경험을 보유하고 있습니다.
America's Car-Mart (NASDAQ : CRMT) a annoncé une transition importante dans sa direction, avec la nomination de Jonathan Collins au poste de Directeur financier (CFO) à compter du 12 mai 2025. L'actuelle CFO, Vickie Judy, prendra le rôle de Directrice comptable (CAO). Ce changement s'inscrit dans la stratégie de Car-Mart visant à renforcer ses bases pour une croissance à long terme.
Depuis 2010, sous la direction de Judy, l'entreprise a connu une augmentation notable de plus de 450 % de la taille de son portefeuille de prêts. Le PDG Doug Campbell, en poste depuis octobre 2023, a souligné l'importance de renforcer les opérations et d'attirer des talents pour soutenir la complexité croissante de l'activité. Collins apporte une vaste expérience dans la conduite de la performance stratégique et financière au sein d'organisations complexes, notamment dans les domaines des marchés de capitaux, de la trésorerie et de la planification financière.
America's Car-Mart (NASDAQ: CRMT) hat eine bedeutende Führungsänderung bekanntgegeben: Jonathan Collins wird ab dem 12. Mai 2025 zum Chief Financial Officer (CFO) ernannt. Die derzeitige CFO, Vickie Judy, wird in die Rolle der Chief Accounting Officer (CAO) wechseln. Diese Veränderung ist Teil der Strategie von Car-Mart, eine stärkere Basis für langfristiges Wachstum zu schaffen.
Unter Judys Führung seit 2010 verzeichnete das Unternehmen einen bemerkenswerten Anstieg des Kreditportfolios um über 450%. CEO Doug Campbell, der im Oktober 2023 die Position übernahm, betonte den Fokus des Unternehmens auf die Stärkung der Abläufe und die Gewinnung von Talenten zur Unterstützung der zunehmenden Komplexität des Geschäfts. Collins bringt umfangreiche Erfahrung in der Steuerung strategischer und finanzieller Leistungen in komplexen Organisationen mit, insbesondere in den Bereichen Kapitalmärkte, Treasury und Finanzplanung.
- Experienced new CFO with strong background in strategic and financial performance
- 450% growth in loan portfolio size under previous CFO leadership
- Retention of previous CFO's expertise in new CAO role ensures continuity
- Strategic move to enhance capital markets, treasury, and financial planning capabilities
- Potential disruption during leadership transition period
- Adaptation period required for new CFO to understand company operations
Jonathan Collins named Chief Financial Officer, effective May 12, 2025, succeeding Vickie Judy who will transition to Chief Accounting Officer
ROGERS, Ark., May 08, 2025 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today announced that Jonathan Collins will assume the role of Chief Financial Officer (CFO) effective May 12, 2025. He will succeed Vickie Judy, who will transition to the position of Chief Accounting Officer (CAO). This transition is part of the Company’s continued focus on building a robust foundation to support long-term growth.
“Since joining the Company in 2010, Vickie has played a critical role in driving growth and shaping our success highlighted by a 450+% increase in the size of our loan portfolio. I am grateful for her continued leadership as she transitions into the CAO role,” stated Doug Campbell, CEO of Car-Mart.
Campbell continued, “Since becoming CEO in October 2023, I have emphasized our commitment to strengthening operations and attracting talent to support a larger, more complex business. Jonathan is a seasoned executive with a strong track record of driving strategic and financial performance across complex organizations. His experience will be instrumental as we diversify and enhance our capital markets, treasury, and financial planning capabilities. I am proud of the well-rounded executive team we have built as we remain focused on our mission of delivering successful outcomes to our customers and creating long-term value to our shareholders.”
Jonathan Collins stated, “I am honored to be appointed CFO and join Car-Mart’s leadership team. As a differentiated automotive retailer, I believe Car-Mart is positioned to grow, innovate, and capture significant market opportunities. I look forward to working with the team to build on the Company’s solid foundation and advance our purpose of keeping customers on the road.”
Vickie Judy commented, “It has been a privilege to be part of Car-Mart’s evolution and growth over the past 15 years. In my new role as CAO, I am excited to continue supporting the Company’s success and to work closely with Jonathan to expand our financial capabilities and take Car-Mart to the next level.”
About Jonathan Collins
Jonathan Collins brings a wealth of global financial leadership experience to Car-Mart. Most recently, he served as CFO of Walmart’s Africa retail operations, where he led all finance and real estate functions across more than 300 stores in eight African countries.
During his time at Walmart, Jonathan held several key financial roles – including Chief Accounting Officer and Controller, as well as leadership positions within FP&A, and Internal Audit – across various assignments in the U.S., Canada, India, and South Africa.
Before joining Walmart, Jonathan was a Management Consultant at KPMG, working across China, the U.S., and Australia. He specialized in CFO advisory services supporting clients on financial value creation, major transformation initiatives, and finance automation and digitization.
Prior to joining KPMG, Jonathan worked as a software developer for Alltel Information Systems, where he quickly transitioned to Chief Architect of their ERP system.
He holds a bachelor’s degree in computer science from Kennesaw State University, a bachelor’s degree in accounting from Western Governors University, and both a master’s degree in accounting and an MBA from the University of Illinois at Urbana-Champaign. Jonathan is also a Certified Public Accountant (CPA).
About America’s Car-Mart, Inc.
America’s Car-Mart, Inc. (the “Company”) operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the United States focused exclusively on the “Integrated auto Sales and Finance” segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationships with its customers. The Company operates its dealerships primarily in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. For more information about America’s Car-Mart, including investor presentations, please visit our website at www.car-mart.com.
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements address the Company’s future objectives, plans and goals, as well as the Company’s intent, beliefs and current expectations and projections regarding future operating performance or events and can generally be identified by words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “project,” “foresee,” and other similar words or phrases. These forward-looking statements are based on the Company’s current estimates and assumptions and involve various risks and uncertainties. As a result, you are cautioned that these forward-looking statements are not guarantees of future events or performance, and that actual events or results could differ materially from those projected in these forward-looking statements. Factors that may cause actual results to differ materially from the Company’s projections include, but are not limited to:
- general economic conditions in the markets in which the Company operates, including but not limited to fluctuations in gas prices, grocery prices and employment levels and inflationary pressure on operating costs;
- the availability of quality used vehicles at prices that will be affordable to our customers, including the impacts of changes in new vehicle production and sales;
- the availability of credit facilities and access to capital through securitization financings or other sources on terms acceptable to us, and any increase in the cost of capital, to support the Company’s business;
- the Company’s ability to underwrite and collect its contracts effectively, including whether anticipated benefits from the Company’s recently implemented loan origination system are achieved as expected or at all;
- competition;
- dependence on existing management;
- ability to attract, develop, and retain qualified general managers;
- changes in consumer finance laws or regulations, including but not limited to rules and regulations that have recently been enacted or could be enacted by federal and state governments;
- the ability to keep pace with technological advances and changes in consumer behavior affecting our business;
- security breaches, cyber-attacks, or fraudulent activity;
- the ability to identify and obtain favorable locations for new or relocated dealerships at reasonable cost;
- the ability to successfully identify, complete and integrate new acquisitions;
- the occurrence and impact of any adverse weather events or other natural disasters affecting the Company’s dealerships or customers; and
- potential business and economic disruptions and uncertainty that may result from any future public health crises and any efforts to mitigate the financial impact and health risks associated with such developments.
Additionally, risks and uncertainties that may affect future results include those described from time to time in the Company’s SEC filings. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
Contact:
SM Berger & Company
Andrew Berger, Managing Director
andrew@smberger.com
(216) 464-6400
FAQ
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