secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAS CARMART INC (CRMT)
CIK:        0000799850
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0001171843-23-003540
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 Reports Q4 Fiscal 2023: Revenue Up 12.2% but EPS Plunges to $0.32
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799850/000117184323003540/0001171843-23-003540-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799850/000117184323003540/f8k_052423.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-003540

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