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Jul 31, 2024
Car-Mart Q1 2025 Earnings Report
America's Car-Mart reported a decrease in revenue due to lower unit sales, but gross profit margin improved. The company is focusing on affordability and strategic priorities to drive better results.
Key Takeaways
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.
Revenue decreased by 5.2% due to lower retail unit sales.
Gross profit margin improved by 3.4%, driven by continued execution and focus on gross margin.
Net charge-offs increased to 6.4% of average finance receivables.
Average down payments improved to 5.2%, and projected cash-on-cash returns improved to 72.4%.
Car-Mart
Car-Mart
Forward Guidance
The company expects strategic priorities and cost control initiatives to drive better results for the remainder of the fiscal year.