America's Car-Mart Reports Q4 Fiscal 2023: Revenue Up 12.2% but EPS Plunges to $0.32

AMERICAS CARMART INC

2023-FY EPS reported $3.11 revenue$1,405,498,000

Revenues of $388.3M, up 12.2% vs prior year Q4, with unit sales up 7.5%.
Diluted EPS fell to $0.32 from $3.97 a year ago due to higher credit losses and interest expense.
Provision for credit losses was 30.4% of sales (vs 23.1% prior year) and net charge-offs 6.3% of avg receivables.
Inventory decreased $22.3M sequentially, and total debt to finance receivables rose to 46.5%.
Kroll Bond Rating Agency upgraded ratings on three classes of notes from April 2022 securitization.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMERICAS CARMART INC reported the fourth quarter and fiscal year ended April 30, 2023 results: revenue $388.3 million, EPS $0.32.

Period: the fourth quarter and fiscal year ended April 30, 2023
Revenue: $388.3 million
EPS: $0.32
Result: reported results

Exact text from the filing

Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”) today announced its operating results for the fourth quarter and fiscal year ended April 30, 2023. Highlights Revenues of $388.3 million, up 12.2% vs. the prior year’s fourth quarter. Total retail unit sales increased 7.5% vs. the prior year’s fourth quarter. Same store retail unit sales increased 5.6% vs. the

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Source: SEC EDGAR

accession 0001171843-23-003540

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