Loading...
•
Jul 31, 2020
Car-Mart Q1 2021 Earnings Report
America's Car-Mart reported strong first quarter results with increased revenues and earnings per share.
Key Takeaways
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.
Revenue increased to $188 million, driven by a 12.2% increase in the average retail sales price and a $3.3 million increase in interest income.
Diluted earnings per share reached $2.83.
Net charge-offs decreased to 4.8% of average finance receivables.
The company opened two new dealerships during the quarter.
Forward Guidance
The company anticipates significant growth opportunities in existing towns and potential acquisition opportunities moving forward. Their goal is to continue growing at a rate that supports customers at the highest levels.
Positive Outlook
- Growing customer base from existing dealerships.
- Significant growth opportunities in towns already served.
- Potential acquisition opportunities moving forward.
- Strong balance sheet allowing for nimbleness.
- Continuing investments in recruiting, training, and retention of associates.
Challenges Ahead
- Impacted first quarter sales volumes due to reduced inventory levels.
- Lower customer traffic due to the pandemic.
- Continuing challenges related to the pandemic.
- Social unrest.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...