America's Car Mart (CRMT) Reports Q2 Loss of $4.30/sh

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America’s Car-Mart Reports Second Quarter 2024 Results

December 5, 2023 8:00 AM EST

ROGERS, Ark., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Americas Car-Mart, Inc. (NASDAQ: CRMT) (we, Car-Mart or the Company), one of the largest publicly held automotive retailers in the United States, today reported financial results for the second quarter ended October 31, 2023.

Second Quarter Key Highlights (Q2 FY24 vs. Q2 FY23)

Revenues increased 2.8% to $361.6 millionRetail unit sales were down 4.6%Gross margin increased to 34.3% from 32.1%Customer count increased 6.0% to 104,596Net charge-offs as a % of average finance receivables were 7.2% vs. 5.8%Allowance for credit loss adjusted to 26.04% (EPS reduction of $3.40... More