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Stock impact report

America's Car-Mart Reports Third Quarter Fiscal 2024 Results [Yahoo! Finance]

America's Car-Mart, Inc. (CRMT) 
Last america's car-mart, inc. earnings: 2/19 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.car-mart.com
Company Research Source: Yahoo! Finance
the “Company”), today reported financial results for the third quarter ended January 31, 2024. Third Quarter Key Highlights (Q3 FY24 vs. Q3 FY23, unless otherwise noted) Completed implementation of updated loan origination system (LOS) Q3 revenue was $299.6 million, down 7.9% Total collections increased 9.3% Allowance for credit loss adjusted to 25.74%, down sequentially 30 bps Net charge-offs as a % of average finance receivables were 6.8% vs. 5.9%, down sequentially 40 bps Loss per share $1.34 vs. $0.23 diluted earnings per share Entered into a strategic partnership with Cox Automotive in February “ We continue to navigate a challenging macro environment facing our customers and remain focused on their success. While sales volumes fell short of our expectations during the quarter, they are not reflective of the efforts put forth by the team. I am encouraged by our continued progress during the quarter in gross profit, credit losses, and initial results generated by Show less Read more
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