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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, Inc. (NASDAQ: CRMT) announced it will release its fiscal 2023 third quarter financial results on February 22, 2023, before market hours. Senior management will conduct a conference call at 11:00 a.m. ET to discuss the results. Participants can access the call via a provided webcast link or telephone registration, which gives a unique PIN for access. A replay will be available for 12 months. The company operates automotive dealerships across twelve states, focusing on the integrated auto sales and finance segment in the used car market, emphasizing superior customer service.
America’s Car-Mart (NASDAQ: CRMT) announced its acquisition of dealership assets from Taylor Auto Credit in Taylor, Texas. This strategic move expands Car-Mart's presence in a growing market, especially with a $17 billion semiconductor plant being developed nearby, projected to create 1,800 jobs. The deal is expected to finalize before December 31, 2022. CEO Jeff Williams highlighted the acquisition's potential for generating returns for shareholders and providing opportunities for growth while maintaining the values shared with Taylor Auto Credit.
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America’s Car-Mart has launched its 14th annual Holiday Toy Drive, aiming to collect 30,000 toys for 25 children's hospitals throughout November. All 154 Car-Mart dealerships across 12 states will act as donation points, building on last year's total of 22,200 toys. The initiative, started in 2009, reflects the company's commitment to community service and compassion, as stated by CEO Jeff Williams and COO Leon Walthall. Business partners like KBecks Transport and AutoZone will support the drive through toy donations and funding. The public is invited to contribute new, unwrapped toys.
America’s Car-Mart (NASDAQ: CRMT) announced the release of its fiscal 2023 second quarter financial results on November 16, 2022, after market closure. A conference call for investors is scheduled for November 17, 2022, at 11:00 a.m. Eastern. Participants can join via a provided webcast link or by registering for a telephone connection. The company specializes in integrated auto sales and finance, operating in twelve states, primarily in smaller cities in the South-Central U.S. More details can be found on their website.
America’s Car-Mart (NASDAQ: CRMT) has appointed Holly Thomson as Chief Digital Officer, a move aimed at leveraging digital opportunities within the company. Thomson's experience includes a previous role at Wells Fargo, where she led significant digital transformations. Her focus will be on the completion and rollout of a new Loan Origination System (LOS) to enhance online pre-approval processes for customers, thereby increasing customer acquisition. America’s Car-Mart operates dealerships in twelve states, specializing in quality pre-owned vehicles and flexible financing options for customers with challenging credit histories.
America’s Car-Mart (NASDAQ: CRMT) has appointed Steve Taylor as the Director of Acquisitions, highlighting the strategic importance of dealership acquisitions for growth. Taylor, with over 25 years of industry experience, aims to leverage his connections and expertise to expand Car-Mart's footprint. The company believes that acquiring well-managed dealerships can generate significant returns for shareholders while providing exit strategies for owners. America’s Car-Mart is dedicated to serving customers with flexible financing options and quality pre-owned vehicles across twelve states.
America’s Car-Mart has announced the appointment of Douglas Campbell as the new President, effective October 3, 2022. With 25 years of experience in the automotive industry, Campbell aims to enhance the company’s ability to serve customers and leverage growth opportunities. Previously, he held key roles at Coral Springs Auto Mall, AutoNation, and Avis Budget Group, where he focused on vehicle acquisition and disposal strategies. Car-Mart operates in twelve states, specializing in quality used vehicles and flexible financing options for customers with poor credit.
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America’s Car-Mart (NASDAQ: CRMT) will release its fiscal 2023 Q1 financial results on August 17, 2022. A conference call with senior management is scheduled for August 18, 2022, at 11:00 a.m. Eastern. Participants can join the call via a provided webcast link or through a registration link to receive dial-in details. The replay of the conference call will be available for 12 months.
The company operates automotive dealerships across twelve states, focusing solely on the used car market, emphasizing customer service and financing for its clientele.