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]

America's Car-Mart (CRMT) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of $0.57. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -126.32%. A quarter ago, it was expected that this auto retailer would post earnings of $0.06 per share when it actually produced earnings of $0.06, delivering no surprise. Over the last four quarters, the company has not bee ...

EXHIBIT 99.1 America's Car-Mart Reports First Quarter Fiscal Year 2025 Results ROGERS, Ark., Sept. 04, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) ("we," "Car-Mart" or the "Company"), today reported financial results for the first quarter ended July 31, 2024. First Quarter Key Highlights (FY'25 vs. FY'24 Q1, unless otherwise noted) Revenue was $347.8 million, down 5.2% Interest income increased $4.1 million, up 7.2% Total collections increased 4.3% to $172.9 million Favorable adjustment ...

ROGERS, Ark., Sept. 04, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) ("we," "Car-Mart" or the "Company"), today reported financial results for the first quarter ended July 31, 2024. First Quarter Key Highlights (FY'25 vs. FY'24 Q1, unless otherwise noted) Revenue was $347.8 million, down 5.2% Interest income increased $4.1 million, up 7.2% Total collections increased 4.3% to $172.9 million Favorable adjustment to allowance for credit loss to 25.0%, down from 25.32% Net charge-offs as a % ...

America's Car-Mart (CRMT) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended July 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on September 4, 2024, might help the stock move higher if these key numbers are better ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 2054 ____________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 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 char ...

As great as this was to see, the company's bottom line actually took a hit, with net income falling from $2.1 million to only $0.4 million. There were a couple of drivers behind this bottom-line pain. For starters, the provision for credit losses for the company increased from 26.4% of sales to 28%. Using the revenue generated in the final quarter of last year, that's an extra $5.8 million in pre-tax costs that investors would have seen this year compared to last year. In addition to this, interest expense ...

Loading... The Dow traded down 0.02% to 38,771.09 while the NASDAQ fell 0.03% to 17,851.60. The S&P 500 also rose, gaining, 0.13% to 5,480.41. Information technology shares jumped by 0.6% on Tuesday. Top Headline The company reported a fourth-quarter FY24 sales decline of 5.8% year-on-year to $364.67 million, beating the analyst consensus estimate of $361.47 million. EPS of 6 cents missed the analyst consensus estimate of 89 cents. Equities Trading DOWN Also Check This Out: How To Earn $500 A Month From Jab ...

America’s Car-Mart, Inc. (NASDAQ:CRMT) Q4 2024 Earnings Conference Call June 18, 2024 9:00 AM ET Company Participants Vickie Judy - Chief Financial Officer Doug Campbell - President and Chief Executive Officer Conference Call Participants John Rowan - Janney Montgomery Scott Operator Good day, and thank you for standing by. Welcome to America’s Car-Mart’s Fourth Quarter Fiscal 2024 Earnings Call. At this time all participants’ are in a listen-only mode. After the speakers’ presentation there will be a quest ...