secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAS CARMART INC (CRMT)
CIK:        0000799850
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001171843-22-007566
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799850/000117184322007566/0001171843-22-007566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799850/000117184322007566/f8k_111722.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-007566

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer