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 ...

Financial Data and Key Metrics Changes - Revenue decreased by $22.3 million, or 5.8%, primarily due to a decline in retail units sold, although interest income increased by 10.5% due to a $91.2 million rise in average finance receivables [47] - Gross margin improved by 120 basis points for the full fiscal year and 200 basis points compared to the prior year's quarter, driven by pricing discipline and improvements in transportation and vehicle repairs [37][47] - SG&A expenses were $44.5 million, showing an improvement of $1.3 million, with the lowest percentage change in annual SG&A in over five years at just a 1.5% increase [21] Business Line Data and Key Metrics Changes - Sales were down 13.6% during the quarter, with average units sold decreasing from 37.7% to 33%, while the average retail sales price increased by 6.2% [37][47] - The average retail price dropped sequentially by approximately $200, while the average retail sales price was up over $1,100 [48] - The company reported a 5% increase in total collections over last year's fourth quarter, with the monthly average total collected per active customer rising 3.6% to $607 [49] Market Data and Key Metrics Changes - The company faced challenges due to economic pressures affecting consumers, including rising auto insurance rates, which are now averaging 50% more than three years ago [36] - Delinquency percentage improved by 50 basis points to 3.1% at quarter end, with a 42 basis point improvement in the allowance for credit losses, now at 25.32% [19] Company Strategy and Development Direction - The company remains committed to growth through strategic acquisitions and prudent financial management, with a focus on operational excellence and improved affordability for core customers [2][6] - The implementation of technology initiatives, including the Loan Origination System (LOS), is expected to position the company well for fiscal 2025 [2][39] - The acquisition of Texas Auto Center is anticipated to drive revenue and generate net income, with expected annual revenues exceeding $60 million from recent acquisitions [44] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges of affordability in the industry and emphasized the importance of technology investments for future operational efficiency [17][37] - The company is focused on value creation for shareholders through improvements in volume, margins, cost efficiencies, and returns [23] - Management expressed optimism about the future, highlighting the benefits of recent technology implementations and strategic acquisitions [42][44] Other Important Information - Interest expense increased by $4.9 million, or 38.2%, due to rising rates and increased debt, with total interest expense up $27 million on an annual basis [22] - The company has completed the rollout of several large-scale technology projects, which are already delivering benefits [5][42] Q&A Session Summary Question: What is the current store count? - The current store count is 154, which includes recently acquired locations [10][12] Question: Can you explain the differences in loss content between severity and frequency? - For the quarter, frequency accounted for about 58% of the change in the provision, indicating higher frequency of losses throughout the year [14]

A quarter ago, it was expected that this auto retailer would post a loss of $1.10 per share when it actually produced a loss of $1.34, delivering a surprise of -21.82%. What's Next for America's Car-Mart? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Ahead of this e ...

America's Car-Mart Reports Fourth Quarter and Fiscal Year 2024 Results ROGERS, Ark., June 18, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) ("we," "Car-Mart" or the "Company"), today reported financial results for the fourth quarter and full year ended April 30, 2024. Revenue was $364.7 million, down 5.8% Gross Margin improved to 35.5%, up 200 bps Total collections increased 5.0% to $187.2 million Favorable adjustment to allowance for credit loss to 25.32%, down from 25.74% Net charge-off ...

Revenue was $364.7 million, down 5.8% Gross Margin improved to 35.5%, up 200 bps Total collections increased 5.0% to $187.2 million Favorable adjustment to allowance for credit loss to 25.32%, down from 25.74% Net charge-offs as a % of average finance receivables were 7.3% vs. 6.3% Interest expense increase of $4.9 million or 38.2% Diluted earnings per share $0.06 vs. $0.32 Fourth Quarter and Fiscal Year 2024 Key Operating Metrics Note: Discussions in each section provide information for the fourth quarter ...

ROGERS, Ark. , May 08, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) today announced it will release fourth quarter and full fiscal year financial results on Tuesday, June 18, 2024, before the market opens and senior management 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, please register in advance using this Registration Link. Upon registration, a ...

ROGERS, Ark. , May 08, 2024 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) today announced it will release fourth quarter and full fiscal year financial results on Tuesday, June 18, 2024, before the market opens and senior management 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, please register in advance using this Registration Link. Upon registration, ...