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, Inc. (NASDAQ: CRMT) is an automotive retailer focused on the Integrated Auto Sales and Finance segment of the used car market, and its news flow reflects both operational developments and capital structure decisions. The company operates automotive dealerships in 12 states, primarily in smaller cities throughout the South-Central United States, where it sells older model used vehicles and provides financing for substantially all of its customers. News updates often highlight how this integrated sales and finance model is being refined through changes in underwriting, collections, store footprint, and funding.
Investors following CRMT news will see regular announcements on earnings results, portfolio credit performance, and initiatives to optimize the company’s platform. Recent releases have described multi-phased store consolidations as part of an SG&A cost control and footprint optimization strategy, with underperforming locations consolidated into nearby, higher-performing dealerships. These updates explain how customers from consolidated stores are transitioned to alternative locations while the company seeks to improve efficiency and strengthen performance at remaining dealerships.
Another recurring theme in America’s Car-Mart news is its approach to financing and capital structure. The company reports on term securitization transactions through indirect subsidiaries such as ACM Auto Trust 2025-3 and 2025-4, where receivables from installment sale contracts back asset-backed notes. It has also announced a $300 million senior secured term loan facility and the repayment and termination of a prior asset-backed revolving line of credit, describing these steps as moves toward a more flexible and scalable capital structure.
For readers and market participants, the CRMT news page on Stock Titan offers a centralized view of these developments, from quarterly financial results and credit metrics to capital markets activity and store network changes. Returning to this page allows users to monitor how America’s Car-Mart manages its integrated auto sales and finance model over time, based solely on the company’s own disclosures and official announcements.
America's Car-Mart, Inc. (NASDAQ: CRMT) will announce its fiscal 2022 fourth quarter and full year financial results on May 23, 2022, after market close. A conference call is scheduled for May 24, 2022, at 11:00 a.m. (Eastern). Interested parties can join the call by dialing (877) 776-4031, or access it via the company's website. The company operates automotive dealerships in twelve states, focusing on the integrated auto sales and finance segment, emphasizing customer service and strong relationships.
America’s Car-Mart announced the appointment of Brian Stone as Executive Vice President of Procurement and Inventory, effective March 21, 2022. Stone brings over 20 years of experience from CarMax, where he held various senior roles, enhancing procurement and operational strategies.
The CEO, Jeff Williams, praised Stone's leadership and industry reputation, indicating his alignment with the company’s goals in data analysis, inventory management, and leveraging partnerships. This strategic move aims to capitalize on significant market growth opportunities.
Summary not available.
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.
Summary not available.
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.
FAQ
What is the current stock price of Amer Carmart (CRMT)?
What is the market cap of Amer Carmart (CRMT)?
