secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAS CARMART INC (CRMT)
CIK:        0000799850
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001171843-23-001083
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799850/000117184323001083/0001171843-23-001083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799850/000117184323001083/f8k_022223.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-001083

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