CRMT Stock Recent News

America's Car-Mart, Inc. reported a hefty earnings miss for the second quarter. Forward-looking earnings revisions continue to get dialed down.

A wide bottom line miss in its latest quarter and negative earnings estimate revisions from analysts paint a challenging picture for the company's shares in the near term.

America's Car-Mart, Inc. (NASDAQ:CRMT ) Q2 2023 Earnings Conference Call November 17, 2022 11:00 AM ET Company Participants Jeff Williams - President & Chief Executive Officer Doug Campbell - President Vickie Judy - Chief Financial Officer Conference Call Participants John Rowan - Janney Kyle Joseph - Jefferies Vincent Caintic - Stephens Operator Good morning, everyone. Thank you for holding, and welcome to America's Car-Mart Second Quarter Fiscal 2023 Conference Call.

ROGERS, Ark., Nov. 01, 2022 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) today announced it will release fiscal 2023 second quarter financial results on Wednesday, November 16, 2022, after the market closes. Senior management will hold a conference call on Thursday, November 17, 2022 at 11:00 a.m. (Eastern).

Daniel Imbro, managing director at Stephens, joins 'Power Lunch' to discuss limited inventory on the new car front, increasing per unit probability for auto dealers, and the supply chain issues contributing to high valuation for used car sales.

America's Car-Mart, the buy-here-pay-here auto dealer, has two problems in the eyes of investors: it is exposed to uncertainty around used car pricing, and to rising loan delinquencies. Both are real issues. But America's Car-Mart has succeeded through a range of economic environments in the past, compounding book value at 14% per share for the last two decades.

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America's Car-Mart Inc. ( CRMT , Financial) operates 154 used car dealerships in 12 U.S. states and is one of the largest publicly held automotive retailers in the U.S. It focuses exclusively on the "Buy Here/Pay Here" segment of the used car market. The company operates its dealerships primarily in small cities throughout the South and Midwest regions of the United States, selling quality used vehicles and providing financing for substantially all of its customers.

Despite the shares' low apparent valuation, investors are leery of investing in a used-car dealer with declining profits.

America's Car-Mart, Inc. (NASDAQ:CRMT ) Q1 2023 Earnings Conference Call August 18, 2022 11:00 AM ET Company Participants Jeff Williams - President & Chief Executive Officer Vickie Judy - Chief Financial Officer Conference Call Participants John Rowan - Janney Vincent Caintic - Stephens Operator Good morning, everyone. Thank you for holding and welcome to America's Car-Mart's First Quarter Fiscal 2023 Conference Call.