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Jul 31, 2022
Car-Mart Q1 2023 Earnings Report
Reported diluted earnings per share of $2.00 on revenues of $345 million.
Key Takeaways
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.
Revenues increased by 23% to $345 million.
Unit sales volumes were up 2.1% to 15,536.
Net charge-offs as a percentage of average receivables were 5.6%.
Gross profit dollars per retail unit increased 12% over the prior year.
Car-Mart
Car-Mart
Forward Guidance
The company is operating in a challenging environment with availability and price of used vehicles, availability of shops, parts and logistics, a normalizing credit loss environment and record inflation in goods and wages.