Welcome to our dedicated page for Amer Carmart news (Ticker: CRMT), a resource for investors and traders seeking the latest updates and insights on Amer Carmart stock.
America's Car-Mart (CRMT) provides investors and industry observers with centralized access to official corporate communications and market developments. This resource aggregates essential updates including earnings announcements, strategic partnerships, and operational enhancements within the integrated auto sales sector.
Users gain direct access to primary source materials including quarterly financial results, leadership updates, and regulatory filings. The curated collection focuses on factual reporting of vehicle financing innovations, risk management practices, and customer service initiatives that define CRMT's market position.
Key content areas include financial performance disclosures, financing program updates, and technology implementation progress. Supplementary materials cover service contract developments and consumer credit management strategies central to the company's operations.
Bookmark this page for streamlined monitoring of CRMT's evolving business strategy within the competitive used car retail sector. Regular updates maintain compliance with financial reporting standards while providing actionable insights for stakeholders.
America's Car-Mart, Inc. (NASDAQ: CRMT) has announced the appointment of Jamie Fischer as Chief Operating Officer (COO), effective October 7th, 2024. Fischer, who joins from DriveTime, will oversee dealership operations and related support functions including inventory management and marketing. With over 20 years of experience in the auto retail industry, she brings expertise in operations, leadership development, and customer-centric service.
Fischer most recently served as Head of Operations at DriveTime, responsible for 149 dealerships and more than 15 reconditioning centers. She holds a bachelor's degree in management and organizational leadership from St. Petersburg College and a Master of Science from the University of Alabama in Human Environmental Sciences.
CEO Douglas Campbell expressed enthusiasm for Fischer's arrival, highlighting her breadth of experience and potential to accelerate progress on current and future initiatives. Fischer shared her excitement about joining Car-Mart and contributing to the company's mission of keeping customers on the road.
America's Car-Mart (NASDAQ: CRMT) has announced the pricing of its public offering of 1,700,000 shares of common stock at $43.00 per share. The company has also granted underwriters a 30-day option to purchase up to an additional 255,000 shares at the same price. The offering is expected to close around September 20, 2024. Car-Mart plans to use the net proceeds to repay a portion of its revolving credit facilities, with any remaining funds allocated for general corporate purposes. Jefferies is acting as the sole bookrunning manager for the offering. The securities are being offered through a shelf registration statement previously filed with the SEC.
America's Car-Mart (NASDAQ: CRMT), a major automotive retailer specializing in the 'Integrated Auto Sales and Finance' segment of the used car market, has announced plans for a $65 million underwritten public offering of common stock. The company also intends to grant underwriters a 30-day option to purchase up to an additional $9.75 million of shares. Jefferies is acting as the sole bookrunning manager for the offering.
Car-Mart plans to use the net proceeds to repay a portion of its revolving credit facilities, with any remaining funds allocated for general corporate purposes. The offering is subject to market conditions, and there's no guarantee of its completion or final terms. The securities will be offered through a shelf registration statement previously filed with the SEC.
America's Car-Mart (NASDAQ: CRMT) reported Q1 FY2025 results with revenue down 5.2% to $347.8 million. The company experienced a loss per share of $0.15 compared to earnings of $0.63 in the previous year. Key highlights include:
- Interest income increased 7.2% to $4.1 million
- Total collections rose 4.3% to $172.9 million
- Net charge-offs as a percentage of average finance receivables increased to 6.4% from 5.8%
- Interest expense grew 28.3% to $4.0 million
The company saw improvements in down payments and deal structures due to a new loan origination system. Despite challenges, Car-Mart's focus remains on affordability and strengthening its competitive position through strategic initiatives and cost control measures.
America's Car-Mart (NASDAQ: CRMT) has announced the release of its fiscal 2025 first quarter financial results, scheduled for September 4, 2024, before the market opens. President and CEO Doug Campbell and CFO Vickie Judy will host a conference call at 9:00 a.m. ET to discuss the results. Participants can join via webcast or telephone, with registration required for the latter. A replay will be available for 12 months on the company's Investor Relations website.
America's Car-Mart operates automotive dealerships in twelve states, focusing on the 'Integrated Auto Sales and Finance' segment of the used car market. The company emphasizes customer service and personal relationships, primarily serving smaller cities throughout the South-Central United States.
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.
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.
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.
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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