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Apr 30, 2022
Car-Mart Q4 2022 Earnings Report
America's Car-Mart reported diluted earnings per share of $4.01 on record revenues of $352 million.
Key Takeaways
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.
Revenue grew 26% to $352 million, driven by a 39% increase in interest income.
Average sales price increased 24% to $17,860, while unit sales volume decreased 1%.
Net charge-offs were 5.6%, below the prior five-year and ten-year averages.
Collections per account per month increased 5% to $586 over the prior year quarter.
Forward Guidance
America's Car-Mart anticipates additional productivity improvements and believes that net charge-off levels in the future will be closer to the lower end of historical ranges.
Positive Outlook
- Increasing market share.
- Leveraging investments and competitive strengths.
- Strong collections and credit results.
- Flexibility to perform well through various economic conditions.
- Conservative financial structure and disciplined focus on cash flows.
Challenges Ahead
- Challenges stemming from ongoing supply and demand imbalances in the used car market.
- Inflation.
- Declining consumer confidence.
- Inflation is a headwind for all customers.
- Insufficient vehicle availability at lower price points.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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