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 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.
Summary not available.
America's Car-Mart, Inc. (NASDAQ: CRMT) announced the pricing of $400 million in asset-backed notes as part of a subprime auto loan securitization. The notes, expected to be rated AA- to BB- by Kroll Bond Rating Agency, have a final maturity date of April 20, 2029. The weighted average coupon rate is set at 5.14% per annum. Proceeds will be used to pay down debt and fund a reserve account. This transaction aims to diversify funding sources and improve access to credit for future growth, with settlement anticipated on April 27, 2022.
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.
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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.