ROGERS, Ark., Aug. 22, 2025 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) today announced it will release fiscal 2026 first quarter financial results on Thursday, September 4, 2025, before the market opens. A webcast and conference call will be held that same day at 9:00 a.m. ET to review the Company’s 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 r ...

Core Insights - Carvana Inc. achieved a record adjusted EBITDA margin of 12.4% in Q2 2025, making it the most profitable publicly listed auto retailer in terms of adjusted EBITDA margin [1][9] - The company has significantly improved its profitability through operational efficiency, cost discipline, and vertical integration [2][6] Financial Performance - Carvana increased non-GAAP retail gross profit per unit by $195 in Q2 while reducing SG&A expenses per unit by $460, leading to a substantial rise in per-unit profitability [3] - The company raised its full-year adjusted EBITDA forecast to a range of $2 billion to $2.2 billion, up from $1.38 billion last year, with approximately 85% of adjusted EBITDA converting into GAAP operating income [5][6] Operational Efficiency - The vertically integrated model allows Carvana to maintain control over inventory, logistics, and customer interactions, reducing reliance on third parties and enhancing margin stability [4] - Retail units sold increased by 41% year over year to 143,280, reflecting strong growth supported by the company's digital-first approach [4][6] Market Performance - Carvana's shares have surged 69% year to date, outperforming competitors such as AutoNation, which gained 24%, and Lithia Motors, which declined by 14% [7] - Despite strong performance, Carvana appears overvalued with a forward sales multiple of 3.35 compared to its industry's 0.23 [10]

Group 1 - America's Car-Mart, Inc. has regained compliance with Nasdaq's periodic filing requirement after filing its Annual Report on Form 10-K for the fiscal year ended April 30, 2025 [1] - The compliance notice was received from the Listing Qualifications Department of Nasdaq on August 13, 2025, confirming that the matter is now closed [1] Group 2 - America's Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the U.S. focused on the "Integrated Auto Sales and Finance" segment of the used car market [2] - The company emphasizes superior customer service and building strong personal relationships with its customers [2] - Dealerships are primarily located in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for nearly all customers [2]

Core Points - America's Car-Mart, Inc. has filed its Annual Report on Form 10-K for the fiscal year ended April 30, 2025, with the SEC [1] - The Form 10-K includes disclosures about contract modifications for customers facing financial difficulties, providing shareholders with deeper insights into the business model [2] - With this filing, Car-Mart is now current with its SEC financial reporting obligations and expects to regain compliance with Nasdaq listing standards [3] Company Overview - America's Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the U.S., focusing on the "Integrated Auto Sales and Finance" segment of the used car market [4] - The company emphasizes superior customer service and building strong personal relationships with customers, primarily operating in smaller cities throughout the South-Central U.S. [4] - Car-Mart sells quality used vehicles and provides financing for substantially all of its customers [4]

Core Points - America's Car-Mart, Inc. has received a notice from Nasdaq regarding non-compliance due to the delayed filing of its Annual Report for the fiscal year ended April 30, 2025 [1][2] - The delay is attributed to the need for additional disclosures related to loan modifications for borrowers facing financial difficulties, as per accounting standards [2] - The company must submit a plan to regain compliance within 60 days, by September 29, 2025, and may receive an extension of up to 180 days to comply [3] Company Overview - America's Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the U.S., focusing on the "Integrated Auto Sales and Finance" segment of the used car market [5] - The company emphasizes superior customer service and strong personal relationships with customers, primarily operating in smaller cities throughout the South-Central United States [5]

Core Insights - Camping World (CWH) reported revenue of $1.98 billion for the quarter ended June 2025, reflecting a year-over-year increase of 9.4% [1] - The company's EPS was $0.57, up from $0.38 in the same quarter last year, although it fell short of the consensus estimate of $0.58 by 1.72% [1] - The revenue exceeded the Zacks Consensus Estimate of $1.88 billion by 5.04% [1] Financial Performance Metrics - New vehicle unit sales reached 26,696, surpassing the average estimate of 22,432 [4] - Used vehicle unit sales were 18,906, exceeding the average estimate of 18,170 [4] - Average gross profit per unit for used vehicles was $6,190, higher than the average estimate of $5,851.75 [4] - Average selling price for used vehicles was $30,269, compared to the average estimate of $30,005.27 [4] - Average gross profit per unit for new vehicles was $4,729, below the average estimate of $5,320.90 [4] Revenue Breakdown - Revenue from RV and Outdoor Retail products, services, and other was $222.89 million, below the average estimate of $241.07 million, representing a year-over-year decline of 5.5% [4] - Revenue from RV and Outdoor Retail finance and insurance was $201.2 million, exceeding the average estimate of $185.26 million, with a year-over-year increase of 12.4% [4] - Revenue from RV and Outdoor Retail used vehicles was $572.27 million, surpassing the average estimate of $539.28 million, reflecting a year-over-year increase of 19% [4] - Revenue from RV and Outdoor Retail new vehicles was $915.11 million, exceeding the average estimate of $854.12 million, with a year-over-year increase of 8% [4] - Total revenue from RV and Outdoor Retail was $1.92 billion, above the average estimate of $1.82 billion, representing a year-over-year increase of 9.6% [4] - Revenue from the Good Sam Club was $10.27 million, below the average estimate of $11.32 million, indicating a year-over-year decline of 7.6% [4] - Revenue from Good Sam Services and Plans was $54.21 million, slightly below the average estimate of $55.21 million, reflecting a year-over-year increase of 3.2% [4] Stock Performance - Shares of Camping World have returned +4.1% over the past month, outperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Core Insights - AutoNation, Inc. reported second-quarter 2025 adjusted earnings of $5.46 per share, a 37% increase year over year, exceeding the Zacks Consensus Estimate of $4.70, driven by strong revenues across various segments [1] - Total revenues for the quarter reached $6.97 billion, surpassing the Zacks Consensus Estimate of $6.80 billion and up from $6.48 billion in the same quarter of 2024 [1] Revenue Breakdown - New vehicle revenues increased by 8.8% year over year to $3.40 billion, exceeding the estimate of $3.24 billion, with retail units sold totaling 65,847, a 7.5% increase [2] - Retail used-vehicle revenues rose 5.8% to $1.85 billion, surpassing the projection of $1.76 billion, with used vehicle retail units sold totaling 69,736, a 6.5% increase [3] - Wholesale used vehicle revenues decreased by 16.5% to $140 million, missing the estimate of $164.2 million, although gross profit increased significantly [4] - Finance and insurance business revenues amounted to $367.7 million, a 13.5% increase year over year, beating the projection of $327 million [4] - Parts and service business revenues grew by 9.3% to $1.22 billion, exceeding the estimate of $1.18 billion [5] Segment Performance - Domestic segment revenues rose 10.4% year over year to $1.92 billion, surpassing the projection of $1.75 billion, with income climbing 82.9% to $92 million [6] - Import segment revenues increased 6.4% to $2.15 billion, exceeding the forecast of $2.02 billion, with income rising 23.3% to $133.4 million [6] - Premium Luxury segment sales increased by 6.6% to $2.56 billion, slightly missing the projection of $2.57 billion, but income rose 26.9% to $180.1 million [7] Financial Position - As of June 30, 2025, the company's liquidity stood at $1.8 billion, including $63 million in cash and nearly $1.8 billion available under its revolving credit facility [8] - Inventory was valued at $3.46 billion, with non-vehicle debt at $3.76 billion [9] - Capital expenditure for the quarter was $79 million, and the company repurchased 1.5 million shares for $254 million during the first half of 2025 [9]

Financial Data and Key Metrics Changes - The company generated $4.4 billion in revenue for Q2 2025, with a gross profit of $752 million and a gross profit margin of 17.2% [11] - Adjusted operating margin was reported at 5.8%, with adjusted earnings per share (EPS) at $7.43 and adjusted EBITDA at $256 million [12][19] - Adjusted net income for the quarter was $146 million, with a non-cash deferral headwind of $0.43 per share due to TCA [19][20] Business Line Data and Key Metrics Changes - Same store revenue for new vehicles increased by 9% year over year, with units sold up by 7% and average gross profit per vehicle at $3,611 [12][13] - Used vehicle unit volume decreased by 4% year over year, but used retail gross profit per unit increased to $17,290, marking the fourth quarter of sequential growth [13][14] - Parts and service gross profit increased by 7%, with a gross profit margin of 59.2% and a fixed absorption rate over 100% [16][17] Market Data and Key Metrics Changes - The same store new day supply was 59 days at the end of June, while the used day supply of inventory was 37 days [12][14] - The company noted strong performance in the Stellantis brand, with a 15.6% increase in volume compared to a national sales decline of 11.5% [12][13] Company Strategy and Development Direction - The company is focusing on integrating the Herb Chambers acquisition and optimizing its portfolio by divesting nine stores, which generated proceeds of $250 million to $270 million [11][25] - The transition to Techeon is a key investment aimed at improving operational efficiency and guest experience, with full conversion expected by 2027 [10][62] - The company aims to reduce leverage over the next 12 to 18 months while remaining opportunistic with share repurchases [11][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, despite potential headwinds from tariffs and market conditions, emphasizing the resilience of the automotive retail business [81][72] - The company anticipates that the second half of the year will depend heavily on tariff decisions and consumer pricing [8][19] - Management highlighted the importance of maintaining productivity per employee to control SG&A expenses amid potential volume declines [34][35] Other Important Information - The average age of passenger cars on the road is 14.5 years, indicating a growing opportunity for service growth [18] - The company ended Q2 with $1.1 billion in liquidity and a transaction-adjusted net leverage ratio of 2.46 times [23][24] Q&A Session Summary Question: Can you walk through the cadence of GPU and units as the quarter progressed? - Management noted that GPUs started strong but adjusted as the quarter progressed, with expectations of falling into the $2,500 to $3,000 range [27][28] Question: What initiatives are keeping SG&A under control? - The focus is on employee productivity and managing outside services, with some costs related to Techeon conversion impacting the SG&A ratio [34][35] Question: What opportunities exist for improving metrics post-Herb Chambers acquisition? - Management sees opportunities in luxury vehicle sales and operational efficiencies, emphasizing the strategic importance of the New England market [40][42] Question: How does the company plan to maintain parts and service growth amid tougher comparisons? - Management is confident in maintaining mid-single-digit growth, leveraging customer pay work to offset warranty headwinds [43][46] Question: What is the impact of tariffs on inventory and production? - Management indicated that while inventory is lean, it has not been negatively affected beyond normal operating levels, and OEMs have been preparing for tariff impacts [66][67] Question: Is California a potential market for future expansion? - Management stated that California is not currently a focus due to franchise laws and better investment opportunities in other states [69][70]

Core Insights - Group 1 Automotive (GPI) reported strong second-quarter 2025 results with adjusted earnings per share (EPS) of $11.52, exceeding the Zacks Consensus Estimate of $10.31 and reflecting a 17.5% year-over-year increase [1] - The company achieved net sales of $5.7 billion, surpassing the Zacks Consensus Estimate of $5.55 billion and up from $4.7 billion in the same quarter last year [1] Q2 Highlights - New vehicle retail sales increased by 15.7% year-over-year to $2.74 billion, although it fell short of the projected $2.83 billion due to lower-than-expected volumes [2] - Total retail new vehicles sold reached 55,763 units, a 17% increase year-over-year, but missed the forecast of 57,290 units [2] - The average selling price per new vehicle was $50,557, up 1.1% year-over-year, with gross profit from new vehicle retail totaling $198.4 million, a 16.6% increase year-over-year [2] Used-Vehicle Performance - Used-vehicle retail sales rose 27.2% year-over-year to $1.85 billion, exceeding the forecast of $1.72 billion due to higher-than-anticipated unit sales [3] - Total retail used vehicles sold were 60,240 units, up 22.3% year-over-year, surpassing the expectation of 58,438 units [3] - The average selling price per used vehicle was $30,713, up 4.1% year-over-year, with gross profit from used vehicles at $96.4 million, a 19.5% increase year-over-year [3] Wholesale and Other Segments - Used-vehicle wholesale sales surged 57% year-over-year to $163.8 million, beating the expectation of $115.7 million, with a gross profit of $0.5 million compared to a gross loss of $1.1 million in the prior year [4] - Parts and Service revenues increased by 25% to $718.4 million, with gross profit rising 27.1% to $402.8 million year-over-year [4] - Finance and Insurance revenues were $237.8 million, up 18.8% from the previous year [4] Segment Performance - U.S. business segment revenues rose 6.5% year-over-year to $4.18 billion, although it missed the forecast of $4.22 billion [5] - Gross profit for the U.S. segment increased by 9.1% to $728.7 million, falling short of the prediction of $732.4 million [5] - In the U.K. business segment, revenues jumped 96.9% year-over-year to $1.53 billion, exceeding the estimate of $1.28 billion, with gross profit surging 109.6% to $207.1 million [6] Financial Position - Selling, general and administrative expenses rose 29.9% year-over-year to $646.1 million [7] - Cash and cash equivalents increased to $52.7 million as of June 30, 2025, up from $34.4 million at the end of 2024 [7] - Total debt rose to $3.2 billion as of June 30, 2025, from $2.91 billion at the end of 2024 [7] Share Repurchase - During the quarter, GPI repurchased 114,918 shares at an average price of $387.39 per share, totaling $44.5 million [8] - The company has $308.8 million remaining on its authorized stock buyback program [8] Overall Performance - GPI's Q2 results exceeded earnings and revenue estimates, with significant growth in both new and used vehicle retail sales [9] - The U.K. segment's nearly doubled revenues significantly contributed to the overall gross profit increase [9]

Core Insights - Carvana (CVNA) is expected to report second-quarter 2025 results with earnings estimated at $1.10 per share and revenues at $4.56 billion, reflecting a year-over-year earnings growth of 685.7% and a revenue increase of 33.6% [1][2] Financial Performance - The Zacks Consensus Estimate for Carvana's 2025 revenues is $18.1 billion, indicating a 32.3% year-over-year rise, while the EPS estimate is $5.04, suggesting a 217% increase year-over-year [2] - For Q2 2025, adjusted EBITDA is projected to grow nearly 48% year-over-year to $524.2 million, driven by strong sales and cost-efficiency improvements [6][10] Sales and Market Position - Carvana's retail sales have shown significant momentum, with a 46% year-over-year increase in retail unit sales in Q1 2025, and an expected 33.8% growth in Q2 2025, with approximately 135,750 vehicles anticipated to be sold [4][5] - The company has sold over 100,000 vehicles for four consecutive quarters, maintaining its position as the second-largest used car retailer in the U.S. [4][11] Cost Management and Efficiency - Carvana's turnaround strategy includes cutting expenses through improved technology, leaner staffing, reduced advertising, and better inventory management, which are enhancing efficiency and profitability [5][10] - The adjusted EBITDA margin has reached 11.5%, leading the public auto dealer sector due to effective cost management [10] Valuation and Market Performance - Year-to-date, Carvana's shares have surged 60%, outperforming competitors like CarMax and Sonic Automotive [7] - Carvana trades at a forward 12-month price-to-sales ratio of 3.38, significantly higher than CarMax (0.32) and Sonic Automotive (0.17), reflecting stronger growth expectations [8] Strategic Growth Opportunities - The acquisition of ADESA U.S. has bolstered Carvana's logistics and vehicle processing capabilities, providing room for growth despite holding only about 1% of the market share [11]