---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-001083"
form_type: "8-K"
ticker: "CRMT"
cik: "0000799850"
company_name: "AMERICAS CARMART INC"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T05:56:57.330914+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# America's Car-Mart Q3 EPS plunges to $0.23 from $2.82; credit losses spike

## Summary
- Revenue $327M (+13.7% YoY); EPS $0.23 vs $2.82 prior year, missing expectations.
- Provision for credit losses 31.1% of sales (vs 24.8%); net charge-offs 5.9% of avg receivables (vs 4.8%).
- Interest expense $9.8M (vs $2.9M) due to higher borrowings and rates; completed $400M securitization at 8.7% coupon.
- Same-store unit sales +1.0%; active customers +6.0% to 99,577; gross profit per car $6,373 vs $6,447.
- Acquired dealerships in Knoxville, TN and Taylor, TX; FY2024 capex guided to $15-20M.

## SEC filing metadata
- accession: 0001171843-23-001083
- form_type: 8-K
- ticker: CRMT
- cik: 0000799850
- company_name: AMERICAS CARMART INC
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799850/000117184323001083/0001171843-23-001083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799850/000117184323001083/f8k_022223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-001083
- JSON: https://secwatch.observer/filing/0001171843-23-001083.json
- Plain text: https://secwatch.observer/filing/0001171843-23-001083.txt

## Key facts
- Earnings Releases
  AMERICAS CARMART INC reported third quarter 2023 results: revenue $327 million, EPS $0.23.
  - Period: third quarter 2023
  - Revenue: $327 million
  - EPS: $0.23
  - Result: reported results
  source text: Highlights Revenues of $327 million, up 13.7% vs. the prior year third quarter. Total retail unit sales increased 2.7% vs. the prior year third quarter. Same store retail unit sales increased 1.0% vs. the prior year third quarter. Sales volume productivity per store per month was 31.2 vs. 30.8 for the prior year third quarter. Gross profit per car sold was $6,373 compared to $6,447 1 for the prior year third quarter. Provision for credit losses as a percentage of sales was 31.1% compared to 24.8% 1 for the prior year third quarter. Net charge-offs as a percent of average finance receivables for the quarter were 5.9% compared to 4.8% 1 for the prior year third quarter. Interest income was up $12.1 million to $51.1 million, compared to $39.0 million for the prior year third quarter. SG&A was up $5.6 million vs. the prior year quarter, and SG&A per customer was $449 vs. $417 for the prior year third quarter. Interest expense was $9.8 million, compared to $2.9 million in the prior year thi
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184323001083/0001171843-23-001083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.