America's Car-Mart (CRMT) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of $0.05. This compares to loss of $4.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -580%. A quarter ago, it was expected that this auto retailer would post earnings of $0.57 per share when it actually produced a loss of $0.15, delivering a surprise of -126.32%.Over the last four quarters, the company has not be ...

EXHIBIT 99.1 America's Car-Mart Reports Second Quarter Fiscal Year 2025 Results ROGERS, Ark., Dec. 05, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) ("we," "Car-Mart" or the "Company"), today reported financial results for the second quarter ended October 31, 2024. | --- | |-----------------------------------------------------------------------------------| | | | Second Quarter Key Highlights (FY'25 Q2 vs. FY'24 Q2, unless otherwise noted) | | Total revenue was $347.3 million, down 3.5% | ...

ROGERS, Ark., Dec. 05, 2024 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today reported financial results for the second quarter ended October 31, 2024.   Second Quarter Key Highlights (FY’25 Q2 vs. FY’24 Q2, unless otherwise noted)  Total revenue was $347.3 million1, down 3.5%   Interest income increased $2.1 million, up 3.6%   Total collections increased 3.3% to $173.8 million   Gross margin increased to 39.4%1   Adjustment to allowance for credit loss t ...

ROGERS, Arkansas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) today announced it will release fiscal 2025 second quarter financial results on Thursday, December 5, 2024, before the market opens. President and Chief Executive Officer, Doug Campbell and Chief Financial Officer, Vickie Judy will host a conference call at 9:00 a.m ET to discuss the results. Participants may access the conference call via webcast using this link: Webcast Link Here. To participate via telephone, plea ...

ROGERS, Ark., Oct. 11, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) (the "Company") announced today that it has completed a term securitization transaction involving the issuance of $300 million in principal amount of asset-backed notes with an overall weighted average coupon of 7.44%. The advance rate for this transaction was 59.15%. ACM Auto Trust 2024-2 issued $228.2 million of Class A Notes and $71.8 million of Class B Notes. The Class A Notes have a coupon rate of 6.06% and the Clas ...

ROGERS, Ark., Sept. 24, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) (CarMart), one of the largest publicly held automotive retailers in the United States focused exclusively on the "Integrated Auto Sales and Finance" segment of the used car market, announced today the appointment of Jamie Fischer as Chief Operating Officer (COO), effective October 7th, 2024. She will oversee dealership operations and related support functions including inventory management and marketing. Jamie joins the ...

ROGERS, Ark., Sept. 19, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) ("CarMart" or the "Company"), a large publicly held automotive retailer focused exclusively on the "Integrated Auto Sales and Finance" segment of the used car market, announced today the pricing of its underwritten public offering of 1,700,000 shares of its common stock at a price to the public of $43.00 per share. In addition, CarMart has granted the underwriters a 30-day option to purchase up to an additional 255,000 ...

ROGERS, Ark., Sept. 18, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) ("CarMart" or the "Company"), a large publicly held automotive retailer focused exclusively on the "Integrated Auto Sales and Finance" segment of the used car market, announced today that it intends to offer and sell, subject to market and other conditions, $65,000,000 of shares of common stock in an underwritten public offering. In addition, Car-Mart intends to grant the underwriters a 30-day option to purchase up to a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 0-14939 AMERICA'S CAR-MART, INC. (Exact name of registrant as specified in its charter) Texas 63-0851141 (State or other juri ...

Financial Data and Key Metrics Changes - Total revenues decreased by $19 million, or 5.2%, largely due to a decline in retail units sold [11] - Interest income increased by 7.2%, primarily due to the increase in the consumer contract interest rate to 18.25% [12] - Average units sold per dealership per month decreased from 34.2 to 30.9, or 9.6% [12] - Net charge-offs as a percentage of average finance receivables for the quarter were 6.4% compared to 5.8% [15] - SG&A expense was $46.7 million, a slight increase compared to last year's first quarter [18] Business Line Data and Key Metrics Changes - Gross margin improved by 30 basis points for the quarter [5] - Average retail sales price increased by 2.4%, primarily due to increases in ancillary products [12] - Downpayments for the quarter increased by 20 basis points to 5.2% [13] - Total collections increased by 4.3% over last year, with the monthly average total collected per active customer rising to $562 from $535 [14] Market Data and Key Metrics Changes - Website traffic increased both year-over-year and sequentially, indicating strong consumer demand [4] - Application volumes were slightly softer, contributing to the decline in sales [4] - Delinquencies dropped 90 basis points to 3.5% at quarter-end [15] Company Strategy and Development Direction - The company aims to improve vehicle affordability by reducing the average retail price during the fiscal year [20] - Continued optimization of the loan origination system is a priority, with 40% of the portfolio now originated through this system [21] - The partnership with Cox Automotive is expected to enhance gross profit margins and improve vehicle affordability [6][21] - The company is actively looking for acquisition opportunities to enhance growth and shareholder returns [21] Management's Comments on Operating Environment and Future Outlook - The management acknowledges the challenging economic environment for consumers and is focused on operational initiatives to improve business aspects [20] - There is a belief that used car prices will continue to fall at a normalized rate for the balance of the year [29] - The management is optimistic about the benefits from the loan origination system and expects it to drive better credit performance [30] Other Important Information - Inventory levels at quarter-end were up $7.1 million compared to fiscal year-end, primarily due to a recent acquisition [16] - Cash-on-cash returns for originated contracts in the first quarter are expected to be 72.4% [17] - Interest expense increased by $4 million, or 28.3%, due to a rise in rates and an increase in debt [19] Q&A Session Summary Question: Can you explain the headwind in SG&A that's coming from your acquisitions? - The company acquires SG&A costs from acquisitions without the corresponding customer portfolio, impacting initial profitability [22] Question: Can you explain how you think about the portfolio and how it sits today? - The back book of originations from fiscal years '21, '22, and '23 now represents less than 33% of the portfolio, with improvements expected as time progresses [24][26] Question: How much can affordability improve with your strategies? - The company is focused on reducing procurement costs by $500 to $800 per vehicle to enhance affordability [37] Question: What is the visibility on sales volume? - Website traffic has shown over 25% growth year-over-year, indicating strong demand, but application volumes are slightly down [36] Question: How is the competitive environment affecting the company? - Smaller competitors are facing financing challenges, creating acquisition opportunities for the company [32]