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America’s Car-Mart, Inc. reports developments tied to its integrated used-vehicle sales and finance model. The company operates automotive dealerships in 12 states, primarily in smaller South-Central U.S. markets, and sells used vehicles while providing financing for substantially all of its customers.
Recurring news covers quarterly operating results, unit sales, gross profit, interest income, collections, finance receivables, delinquencies, charge-offs and credit-loss allowances. Company updates also address capital-structure actions, asset-backed securitizations through ACM Auto Trust transactions, secured lending arrangements, dealership footprint optimization, SG&A cost control, inventory capacity and customer-facing finance technology.
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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