America's Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2021, it operated 151 dealerships in the South-Central United States. America's Car-Mart, Inc. was founded in 1981 and is headquartered in Rogers, Arkansas.
IPO Year:
Exchange: NASDAQ
Website: car-mart.com
Date | Price Target | Rating | Analyst |
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11/13/2024 | $50.00 | Equal-Weight | Stephens |
6/7/2024 | Neutral | BTIG Research | |
1/2/2024 | Overweight → Equal-Weight | Stephens | |
7/17/2023 | $70.00 → $135.00 | Equal-Weight → Overweight | Stephens |
8/19/2022 | $113.00 → $83.00 | Overweight → Equal-Weight | Stephens |
4/6/2022 | $191.00 → $123.00 | Buy → Underperform | BofA Securities |
7/16/2021 | $151.00 → $194.00 | Buy | B of A Securities |
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ROGERS, Ark., Sept. 24, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) (Car-Mart), one of the largest publicly held automotive retailers in the United States focused exclusively on the "Integrated Auto Sales and Finance" segment of the used car market, announced today the appointment of Jamie Fischer as Chief Operating Officer (COO), effective October 7th, 2024. She will oversee dealership operations and related support functions including inventory management and marketing. Jamie joins the company from DriveTime, where she has grown her career since 2012. Most recently she served as Head of Operations with responsibility for 149 dealerships and more than 15 reconditionin
NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
ROGERS, Arkansas , March 19, 2021 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) announced today that it has appointed Dawn C. Morris to its Board of Directors, effective April 1, 2021. The appointment of Ms. Morris fills the vacancy resulting from the previous retirement of Jim von Gremp from the Board of Directors in August 2020. “Dawn brings expertise transforming organizations through digital and customer centric strategies which will add great value as we continue to implement and improve our digital presence and customer experience strategy,” said Jeff Williams, President and CEO. “We are pleased to welcome her to our board and look forward to benefitting from her in
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Stephens initiated coverage of America's Car-Mart with a rating of Equal-Weight and set a new price target of $50.00
BTIG Research initiated coverage of America's Car-Mart with a rating of Neutral
Stephens downgraded America's Car-Mart from Overweight to Equal-Weight
Stephens upgraded America's Car-Mart from Equal-Weight to Overweight and set a new price target of $135.00 from $70.00 previously
Stephens downgraded America's Car-Mart from Overweight to Equal-Weight and set a new price target of $83.00 from $113.00 previously
BofA Securities downgraded America's Car-Mart from Buy to Underperform and set a new price target of $123.00 from $191.00 previously
B of A Securities reiterated coverage of America's Car-Mart with a rating of Buy and set a new price target of $194.00 from $151.00 previously
Stephens & Co. reiterated coverage of America's Car-Mart with a rating of Overweight and set a new price target of $176.00 from $154.00 previously
ROGERS, Arkansas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) today announced it will release fiscal 2025 second quarter financial results on Thursday, December 5, 2024, before the market opens. President and Chief Executive Officer, Doug Campbell and Chief Financial Officer, Vickie Judy 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, all telephone participants will receive a one-time confirmation email detailing how to join the conference
ROGERS, Ark., Sept. 04, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) ("we," "Car-Mart" or the "Company"), today reported financial results for the first quarter ended July 31, 2024. First Quarter Key Highlights (FY'25 vs. FY'24 Q1, unless otherwise noted) Revenue was $347.8 million, down 5.2%Interest income increased $4.1 million, up 7.2%Total collections increased 4.3% to $172.9 millionFavorable adjustment to allowance for credit loss to 25.0%, down from 25.32%Net charge-offs as a % of average finance receivables were 6.4% vs. 5.8%Interest expense increased $4.0 million, or 28.3%Loss per share of $0.15 vs. diluted earnings per share of $0.63 President and CEO Doug Ca
ROGERS, Ark., Aug. 05, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) today announced it will release fiscal 2025 first quarter financial results on Wednesday, September 4, 2024, before the market opens. President and Chief Executive Officer, Doug Campbell and Chief Financial Officer, Vickie Judy 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, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, incl
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. Fourth Quarter Key Highlights (FY'24 Q4 vs. FY'23 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 $0.06 vs. $0.32 Full Year Key Highlights (FY'2
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, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to
ROGERS, Ark., May 06, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) today announced it will release fiscal 2024 fourth quarter financial results on Tuesday, June 18, 2024, before the market opens, and senior management will host a conference call at 11:00 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, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access
ROGERS, Ark., March 08, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) ("we," "Car-Mart" or 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 bpsNet charge-offs as a % of average finance receivables were 6.8% vs. 5.9%, down sequentially 40 bpsLoss per share $1.34 vs. $0.23 diluted earnings per shareEntered into a strategic partnership with Cox Automotiv
ROGERS, Ark., Feb. 05, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) today announced it will release fiscal 2024 third quarter financial results on Friday, March 8, 2024, before the market opens and senior management will host a conference call at 11:00 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, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access the
ROGERS, Ark., Dec. 05, 2023 (GLOBE NEWSWIRE) -- America's 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 after tax)Loss per share $4.30 vs. $0.48 diluted earnings per shareE
ROGERS, Ark., Nov. 03, 2023 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) today announced it will release fiscal 2024 second quarter financial results on Tuesday, December 5, 2023, before the market opens and senior management will host a conference call at 11:00 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, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to acce
ROGERS, Arkansas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) today announced it will release fiscal 2025 second quarter financial results on Thursday, December 5, 2024, before the market opens. President and Chief Executive Officer, Doug Campbell and Chief Financial Officer, Vickie Judy 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, all telephone participants will receive a one-time confirmation email detailing how to join the conference
ROGERS, Ark., Oct. 11, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) (the "Company") announced today that it has completed a term securitization transaction involving the issuance of $300 million in principal amount of asset-backed notes with an overall weighted average coupon of 7.44%. The advance rate for this transaction was 59.15%. ACM Auto Trust 2024-2 issued $228.2 million of Class A Notes and $71.8 million of Class B Notes. The Class A Notes have a coupon rate of 6.06% and the Class B Notes have a coupon rate of 9.21%. "We are pleased with the successful completion of our second term securitization of 2024, with benchmark rate and spread improvements resulti
ROGERS, Ark., Sept. 24, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) (Car-Mart), one of the largest publicly held automotive retailers in the United States focused exclusively on the "Integrated Auto Sales and Finance" segment of the used car market, announced today the appointment of Jamie Fischer as Chief Operating Officer (COO), effective October 7th, 2024. She will oversee dealership operations and related support functions including inventory management and marketing. Jamie joins the company from DriveTime, where she has grown her career since 2012. Most recently she served as Head of Operations with responsibility for 149 dealerships and more than 15 reconditionin
ROGERS, Ark., Sept. 19, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) ("Car-Mart" or the "Company"), a large publicly held automotive retailer focused exclusively on the "Integrated Auto Sales and Finance" segment of the used car market, announced today the pricing of its underwritten public offering of 1,700,000 shares of its common stock at a price to the public of $43.00 per share. In addition, Car-Mart has granted the underwriters a 30-day option to purchase up to an additional 255,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about September 20, 2024, subject to satisfacti
ROGERS, Ark., Sept. 18, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) ("Car-Mart" or the "Company"), a large publicly held automotive retailer focused exclusively on the "Integrated Auto Sales and Finance" segment of the used car market, announced today that it intends to offer and sell, subject to market and other conditions, $65,000,000 of shares of common stock in an underwritten public offering. In addition, Car-Mart intends to grant the underwriters a 30-day option to purchase up to an additional $9,750,000 of shares of common stock. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Car-
ROGERS, Ark., Sept. 04, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) ("we," "Car-Mart" or the "Company"), today reported financial results for the first quarter ended July 31, 2024. First Quarter Key Highlights (FY'25 vs. FY'24 Q1, unless otherwise noted) Revenue was $347.8 million, down 5.2%Interest income increased $4.1 million, up 7.2%Total collections increased 4.3% to $172.9 millionFavorable adjustment to allowance for credit loss to 25.0%, down from 25.32%Net charge-offs as a % of average finance receivables were 6.4% vs. 5.8%Interest expense increased $4.0 million, or 28.3%Loss per share of $0.15 vs. diluted earnings per share of $0.63 President and CEO Doug Ca
ROGERS, Ark., Aug. 05, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) today announced it will release fiscal 2025 first quarter financial results on Wednesday, September 4, 2024, before the market opens. President and Chief Executive Officer, Doug Campbell and Chief Financial Officer, Vickie Judy 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, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, incl
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. Fourth Quarter Key Highlights (FY'24 Q4 vs. FY'23 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 $0.06 vs. $0.32 Full Year Key Highlights (FY'2
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, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to
ROGERS, Ark., May 06, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) today announced it will release fiscal 2024 fourth quarter financial results on Tuesday, June 18, 2024, before the market opens, and senior management will host a conference call at 11:00 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, all telephone participants will receive a one-time confirmation email detailing how to join the conference call, including the dial-in number along with a unique PIN that can be used to access
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the “Fear” zone on Tuesday. U.S. stocks recorded gains on Tuesday, with the S&P 500 gaining to a new record level during the session. On the economic data front, U.S. retail sales rose 0.1% month-over-month in May compared to a revised 0.2% decline in April and missing market expectations of a 0.2% gain. U.S. industrial production increased 0.9% month-over-month in May, topping market estimates of a 0.3% gain. Nvidia Corp. (NASDAQ:NVDA) shares gained 3.5% on Tuesday to surpass Microsoft (NASDAQ:MSFT), claiming the title of most valuable public company in the wor
U.S. stocks traded mixed toward the end of trading, with the S&P 500 gaining around 0.1% on Tuesday. 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. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Real Estate Stocks With Over 8% Dividend Yields Leading and Lagging SectorsInformation technology shares jumped by 0.6% on Tuesday. In trading on Tuesday, communication services shares fell by 1%. Top Headline America's Car-Mart Inc (NASDAQ:CRMT) shares fell over 7% during Tuesday's session after the company reported worse-than expected fourth-quarter earnings. The company rep
America’s Car-Mart Inc (NASDAQ:CRMT) shares are trading lower after the company reported worse-than expected fourth-quarter EPS and a sales decline. 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. The decrease in revenue was primarily driven by the decrease in retail units sold. Same-store revenue declined 5.3% versus a growth of 12.2% reported a year ago. Customer count slipped 0.1%. Average total collected per active customer per month amounted to $554 compared to $534 last year. Total gross profit per retail unit sold was $7,132 compared to $6,354 last year and the
America's Car-Mart (NASDAQ:CRMT) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.89 by 93.26 percent. This is a 81.25 percent decrease over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $364.67 million which beat the analyst consensus estimate of $361.47 million by 0.89 percent. This is a 6.09 percent decrease over sales of $388.31 million the same period last year.
With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Patterson Companies, Inc. (NASDAQ:PDCO) to report quarterly earnings at $0.83 per share on revenue of $1.71 billion before the opening bell, according to data from Benzinga Pro. Patterson shares gained 3.9% to $23.75 in after-hours trading. JELD-WEN Holding, Inc. (NYSE:JELD) named Samantha L. Stoddard as its Chief Financial Officer, succeeding Julie C. Albrecht as EVP, CFO effective July 1. JELD-WEN shares fell 4.5% to $3.15 in the after-hours trading session. Analysts are expecting KB Home (NYSE:KBH) to post quarterly earnings at
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, but the index remained in the “Fear” zone on Monday. U.S. stocks recorded gains on Monday, with the S&P 500 settling at a fresh record high level during the session. The S&P 500 and Nasdaq notched their seventh weekly surge in eight weeks. On the economic data front, the NY Empire State Manufacturing Index rose to -6 in June versus a reading of -15.6 in May and coming in better than market expectations of -12.50. Shares of The Aaron's Company, Inc. (NYSE:AAN) jumped around 33% on Monday after the company announced that it entered into a definitive agreement to be acquired by IQVentures Holdings
BTIG analyst Vincent Caintic initiates coverage on America's Car-Mart (NASDAQ:CRMT) with a Neutral rating.
America's Car-Mart, Inc. (NASDAQ:CRMT), today announced that it has entered into a definitive agreement to purchase the dealership assets of Texas Auto Center ("TAC"). The transaction, which excludes legacy finance receivables, is expected to close in the first quarter of Car-Mart's 2025 fiscal year, which begins May 1, 2024.Since founding Texas Auto Center in 1995, Bob and Erika Blankenship have grown their operation into an award-winning dealership group with locations in Austin and San Marcos, Texas."The acquisition of Texas Auto Center furthers our commitment to acquisitions being a part of our growth strategy. This acquisition will deliver exceptional outcomes for our customers, associa
Although U.S. stocks closed lower on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Walgreens Boots Alliance The Trade: Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Director Inderpal S Bhandari acquired a total o