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 |
|---|---|---|---|
| 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 |
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, Ark., March 06, 2025 (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, 2025. Third Quarter Key Highlights (FY'25 Q3 vs. FY'24 Q3, unless otherwise noted) Total revenue was $325.7 million, up 8.7%Sales volumes increased 13.2% to 13,198 unitsInterest income increased $3.0 million, up 5.1%Total collections increased 5.2% to $176.3 millionGross margin percentage increased 150 basis points to 35.7%Allowance for credit loss improved to 24.31%, down from 24.72% sequentiallyNet charge-offs as a % of average finance receivables improved to 6.1% vs. 6.8%Interest expens
ROGERS, Ark., Feb. 06, 2025 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) today announced it will release fiscal 2025 third quarter financial results on Thursday, March 6, 2025, 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, including t
ROGERS, Ark., Dec. 05, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) ("we," "Car-Mart" or the "Company"), today reported financial results for the second quarter ended October 31, 2024. Second Quarter Key Highlights (FY'25 Q2 vs. FY'24 Q2, unless otherwise noted) Total revenue was $347.3 million1, down 3.5% Interest income increased $2.1 million, up 3.6% Total collections increased 3.3% to $173.8 million Gross margin increased to 39.4%1 Adjustment to allowance for credit loss to 24.72%, down from 25.0% sequentially Net charge-offs as a % of average finance receivables were 6.6% vs. 7.2% Interest expense increased $1.5 million, or 8.8% Diluted earnings per
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
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ROGERS, Ark., March 06, 2025 (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, 2025. Third Quarter Key Highlights (FY'25 Q3 vs. FY'24 Q3, unless otherwise noted) Total revenue was $325.7 million, up 8.7%Sales volumes increased 13.2% to 13,198 unitsInterest income increased $3.0 million, up 5.1%Total collections increased 5.2% to $176.3 millionGross margin percentage increased 150 basis points to 35.7%Allowance for credit loss improved to 24.31%, down from 24.72% sequentiallyNet charge-offs as a % of average finance receivables improved to 6.1% vs. 6.8%Interest expens
ROGERS, Ark., March 03, 2025 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) ("we," "Car-Mart" or the "Company"), today announced that it has extended and upsized its asset-based revolving credit facility ("ABL Facility"). The $350 million ABL Facility was upsized from the prior $320 million commitment and has been extended to mature on March 31, 2027. There was approximately $75 million drawn on the ABL Facility as of January 31, 2025. The ABL Facility was subscribed by a syndicate of lenders with BMO Bank ("BMO") as administrative agent. "Today's announcement reflects the success of ongoing initiatives aimed at expanding our funding programs. We were excited to be able to
ROGERS, Ark., Feb. 06, 2025 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) today announced it will release fiscal 2025 third quarter financial results on Thursday, March 6, 2025, 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, including t
Weighted average coupon improved 95 basis points from prior October 2024 securitization Transaction over 10 times oversubscribed ROGERS, Ark., Feb. 03, 2025 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) ("we," "Car-Mart" or the "Company"), announced today that it has completed a term securitization transaction involving the issuance of $200 million in principal amount of asset-backed notes with an overall weighted average coupon of 6.49%. ACM Auto Trust 2025-1 issued $150.77 million of Class A Notes and $49.23 million of Class B Notes. The Class A Notes have a coupon rate of 5.38% and the Class B Notes have a coupon rate of 7.87%. "We are encouraged by the strong demand for
ROGERS, Ark., Dec. 05, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) ("we," "Car-Mart" or the "Company"), today reported financial results for the second quarter ended October 31, 2024. Second Quarter Key Highlights (FY'25 Q2 vs. FY'24 Q2, unless otherwise noted) Total revenue was $347.3 million1, down 3.5% Interest income increased $2.1 million, up 3.6% Total collections increased 3.3% to $173.8 million Gross margin increased to 39.4%1 Adjustment to allowance for credit loss to 24.72%, down from 25.0% sequentially Net charge-offs as a % of average finance receivables were 6.6% vs. 7.2% Interest expense increased $1.5 million, or 8.8% Diluted earnings per
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-
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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