America's Car Mart (CRMT) Reports In-Line Q4 EPS

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America’s Car-Mart Reports Fourth Quarter and Fiscal Year 2024 Results

June 18, 2024 7:30 AM EDT

ROGERS, Ark., June 18, 2024 (GLOBE NEWSWIRE) -- Americas 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.

Fourth Quarter Key Highlights (FY24 Q4 vs. FY23 Q4, unless otherwise noted)

Revenue was $364.7 million, down 5.8%Gross Margin improved to 35.5%, up 200 bpsTotal collections increased 5.0% to $187.2 millionFavorable 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... More