America's Car-Mart Q2 FY2023: EPS $0.48 on $352M revenue (+24% YoY); earnings decline cited

AMERICAS CARMART INC

2023-Q2 EPS reported $2.56 revenue$690,658,000

Diluted EPS $0.48; total revenue $352M (+24% YoY); interest income $48M (+30%).
Unit sales volume +7%; average selling price +13% YoY; active customers ~98,600 (+6%).
Net charge-offs 5.8% of avg receivables vs 5.6% 5-yr avg; consumer rate raised to 18% in most states.
Investing in LOS (36 dealerships installed), ERP (completion by calendar 2023), $27M store renovations.
Corrected immaterial errors in prior deferred revenue classification; cumulative allowance decrease $9.3M-$9.4M.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAS CARMART INC reported the second quarter of fiscal year 2023 results: revenue $352 million, EPS $0.48.

Period: the second quarter of fiscal year 2023
Revenue: $352 million
EPS: $0.48
Result: reported results

Exact text from the filing

America's Car-Mart Reports Diluted Earnings per Share of $0.48 on Revenues of $352 Million

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

AMERICAS CARMART INC filing history →

Source: SEC EDGAR

accession 0001171843-22-007566

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