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 (NASDAQ: CRMT) has announced its fiscal 2022 third quarter financial results will be released on February 16, 2022, after market close. A conference call for investors and analysts is scheduled for February 17, 2022, at 11:00 a.m. Eastern Time, which will be accessible by phone and via a webcast on the Company's website. The company operates automotive dealerships in twelve states, focusing on the used car market, emphasizing customer service and personal relationships.
America’s Car-Mart (NASDAQ: CRMT) announced the acquisition of dealership assets from Smart Auto, including locations in Johnson City and Knoxville, Tennessee. The company expects to close on the Johnson City dealership by year-end 2021, followed by the Knoxville location by December 31, 2022. This acquisition is aimed at expanding Car-Mart's footprint in Tennessee and enhancing customer service with Smart Auto's experienced team. Existing finance receivables will remain with the seller, and the deal emphasizes quality vehicles and financing options for customers.
On November 29, 2021, America’s Car-Mart opened its 153rd dealership in Norman, Oklahoma, marking its 30th location in the state. This new dealership is part of the company’s expansion strategy during fiscal year 2022 and will be managed by Jesse Cloud. The grand opening is scheduled for December 17-18, 2021. Car-Mart celebrates its 40th anniversary and was listed among America’s Best Small Companies by Forbes in 2021. The company focuses on quality used vehicles and flexible financing options, catering to customers with various credit histories.
America’s Car-Mart (CRMT) announced its Q2 FY2022 results with a 29% increase in revenue, primarily driven by a 21% rise in average retail sales price and a 39% increase in interest income. The company reported unit sales up by 6% and active customers growing by 11% to over 93,000. Gross profit per retail unit sold rose to $6,349. While the balance sheet remains strong with a 33% debt-to-receivables ratio, the company acknowledged challenges in vehicle supply affecting potential sales performance.
America's Car-Mart, a leading automotive retailer, launches its 13th annual Holiday Toy Drive, aiming to collect 25,000 toys for children in 25 hospitals across 12 states. The drive, which began in 2009, has previously gathered over 11,000 toys for 15 hospitals in 2020. The company encourages community donations of new, unwrapped toys at its dealerships until December, emphasizing the importance of supporting hospitalized children during the holidays. Car-Mart's previous contributions have made it the largest toy donor for the past two years.
America's Car-Mart, Inc. (NASDAQ: CRMT) has rescheduled the release of its fiscal 2022 second quarter financial results to November 17, 2021, post-market close. The management will conduct a conference call on November 18, 2021, at 11:00 a.m. (Eastern), where the public can listen in via a dedicated phone line. A replay of the call and a webcast will also be accessible afterward. America's Car-Mart operates automotive dealerships focused on the used car market across twelve states in the U.S., emphasizing customer service and financing options.
America’s Car-Mart (NASDAQ: CRMT) will release its fiscal 2022 second quarter financial results on November 16, 2021, after market close. A conference call hosted by senior management is scheduled for November 18, 2021, at 11:00 a.m. (Eastern).
Interested participants can join the call by dialing (877) 776-4031, using conference ID #1075918. International callers may dial (631) 291-4132. A replay will be available for 30 days following the call. Additionally, a webcast will be accessible on the company’s website.
America's Car-Mart, Inc. (NASDAQ: CRMT) has opened its 152nd dealership in El Reno, Oklahoma, on October 1, 2021. This marks the 29th dealership in Oklahoma and the first new one in fiscal year 2022. The company acquired the ongoing assets of The Car Man LLC for this location, managed by Armin Horn. Celebrating its 40th anniversary, Car-Mart continues to emphasize customer service, helping those with poor credit histories. The company sold over 700,000 vehicles since 2000 and was recognized by Forbes as one of America’s Best Small Companies in 2021.
America's Car-Mart has announced Amendment No. 3 to its Loan and Security Agreement, extending the term of its revolving credit facilities to September 29, 2024, and increasing total permitted borrowings from $326 million to $600 million. This substantial increase in funding, aided by the addition of CIBC Bank USA and Axos Bank as lenders, supports the company's growth strategy and capital allocation for customer service enhancements. The amendment also allows for adjusted capital expenditures and restores the accordion feature to $100 million.
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