Car-Mart Earnings Reports

America’s Car-Mart achieved an 8.7% revenue increase in Q3 FY25, reaching $325.7 million, driven by higher sales volumes. Net income rebounded to $3.16 million, a turnaround from the prior year's loss. The company improved its gross margin by 150 basis points to 35.7%, while diluted EPS came in at $0.37 compared to a loss of $1.34 in Q3 FY24. A $200 million term securitization transaction and an expanded $350 million asset-based lending facility bolstered its financial position.

America's Car-Mart reported a revenue decline of 3.5% primarily driven by a decrease in retail units sold, partially offset by an increase in interest income and a benefit in service contract revenue. The company saw improvements in gross margins and net charge-offs, and made strategic decisions to strengthen its position for future growth.

America's Car-Mart reported a 5.2% decrease in revenue, driven by a decrease in retail units sold. However, gross profit margin improved by 3.4%. The company is focusing on strategic priorities and cost control initiatives to improve results for the remainder of the fiscal year.

America's Car-Mart reported a decrease in revenue primarily due to a drop in retail units sold, though this was partially offset by increased average retail sales price and interest income. Gross profit margin improved, and SG&A expenses were reduced. The company also completed the acquisition of Texas Auto Center.

America's Car-Mart reported a decrease in total revenue by 7.9% driven by a decrease in retail units sold. However, the company saw improvements in gross profit per unit and a decrease in SG&A expenses. The company also completed its fourth asset-backed non-recourse term securitization and renewed its revolving credit agreement.

America's Car-Mart reported a 2.8% increase in revenue for Q2 2024, driven by higher interest income, although unit sales decreased by 4.6%. The company faced challenges due to the inflationary environment impacting customers and resulting in increased credit losses. Gross margin was a positive aspect of the quarter, and the company is focused on cost structure agility.

America's Car-Mart reported a 2.4% increase in unit volumes and a 4.1% rise in average retail sales price, contributing to strong revenue growth. However, net income was negatively impacted by an increase in the provision for loan losses due to post-stimulus normalization of charge-offs and increased contract terms.

America's Car-Mart reported a 7.5% increase in unit volumes and a rise in average retail sales price by 3.5% to $18,133. The company's active customer base grew by 7.6% to 102,305. Gross profits increased to $112.2 million, but the company faced challenges including higher interest expense and increased provision for credit losses.

America's Car-Mart reported a 2.7% increase in unit volumes due to market share gains, despite severe winter storms impacting sales. The company is focused on supporting customers and communities, with strategic reorganization and investments aimed at improving efficiencies and long-term profitability.

America's Car-Mart reported a 24% increase in revenues to $352 million, driven by a 30% increase in interest income. Diluted earnings per share were reported at $0.48. The company faced challenges including wholesale losses and higher costs, but remains optimistic about long-term growth.

America's Car-Mart reported a 23% increase in revenue to $345 million, marking their second-highest revenue quarter in history. Unit sales volumes increased by 2.1% to 15,536. Diluted earnings per share was $2.00.

America's Car-Mart reported a strong fourth quarter with a 26% increase in revenue to $352 million. Diluted earnings per share were $4.01. The company is focused on investing in key areas to support growth and improve efficiency.

America's Car-Mart reported a strong third quarter with revenues up almost 28% to a record $292 million, driven by higher average retail prices and significantly higher interest income. The company's EPS was $2.77. Unit volumes were up slightly, and the average sales price increased by 24.8% to just over $17,000.

America's Car-Mart reported a strong first quarter with record revenues driven by increases in average retail sales price and units sold. The company is making foundational investments in its business model and experiencing increased capacity to serve more customers. The company ended the quarter with over 91,100 active customers, an increase of over 3% since the beginning of the fiscal year.

America's Car-Mart reported a strong fourth quarter with record revenues of $279 million and diluted earnings per share of $6.19. Net income for the quarter was $43.5 million, driven by a 15.9% increase in the average retail sales price and a 24.3% increase in units sold. The company also saw a decrease in net charge-offs and lowered its allowance for credit losses.

America's Car-Mart reported a strong increase in top-line revenue driven by a 16.5% increase in the average retail sales price and a 5.6% increase in units sold. The company saw improvements in cost structure and credit results, with net charge-offs decreasing. The company continues to invest in infrastructure and technology to support a larger customer base and improve the customer experience.

America's Car-Mart reported a strong second quarter with record revenues driven by a significant increase in average retail sales price and interest income, despite challenges from a tight used vehicle market.

America's Car-Mart announced strong Q1 2021 results, with revenue reaching $188 million and diluted earnings per share of $2.83. The company saw top-line growth of over 9%, a significant decrease in net charge-offs, and leveraged selling, general, and administrative costs. They opened two new dealerships and have two more in progress.

America's Car-Mart reported a strong Q4 performance with record revenues of $196 million and diluted earnings per share of $1.35, despite an $11.7 million pretax charge due to the COVID-19 pandemic. The company focused on customer service and adapted operations to the challenging environment.

America's Car-Mart reported a solid top-line growth with revenues up 15.9% and same store revenues up 15.1%. The company is focusing on quality vehicles and a broad selection to pick up market share. They added over 5,100 customers in the last twelve months.