---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-005551"
form_type: "8-K"
ticker: "CRMT"
cik: "0000799850"
company_name: "AMERICAS CARMART INC"
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-11T00:17:39.794368+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 Q1 EPS $0.63 on $368M revenue; CEO succession to Doug Campbell

## Summary
- Diluted EPS $0.63 vs $2.07 a year ago; revenue $368M, up 8.6% YoY.
- Provision for credit losses 30.9% of sales (vs 25.9%); net charge-offs 5.8% (vs 5.1%).
- Interest income rose 27.3% to $56.5M; gross margin improved 120 bps sequentially to 36%.
- President Doug Campbell promoted to CEO effective Oct 1, 2023; Jeff Williams becomes CEO Emeritus through FY2024.
- Company expects higher future gross margins; continuing LOS and ERP technology investments.

## SEC filing metadata
- accession: 0001171843-23-005551
- form_type: 8-K
- ticker: CRMT
- cik: 0000799850
- company_name: AMERICAS CARMART INC
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799850/000117184323005551/0001171843-23-005551-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799850/000117184323005551/f8k_090423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-005551
- JSON: https://secwatch.observer/filing/0001171843-23-005551.json
- Plain text: https://secwatch.observer/filing/0001171843-23-005551.txt

## Key facts
- Earnings Releases
  AMERICAS CARMART INC reported financial results for first fiscal quarter of the fiscal year ending April 30, 2024.
  - Period: first fiscal quarter of the fiscal year ending April 30, 2024
  - Result: reported results
  source text: On September 5, 2023, America’s Car-Mart, Inc. (the “Company”) issued a press release announcing its operating results for the first fiscal quarter of the fiscal year ending April 30, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184323005551/0001171843-23-005551-index.htm
- Executive change
  Jeffrey A. Williams departed as Chief Executive Officer at AMERICAS CARMART INC.
  - Action: stepped down
  - Role: Chief Executive Officer
  source text: Upon Mr. Campbell’s promotion to CEO, the Company’s current CEO, Jeffrey A. Williams, will serve as CEO Emeritus and an advisor to senior management effective October 1, 2023, for the remainder of fiscal year 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184323005551/0001171843-23-005551-index.htm
- Executive change
  Douglas W. Campbell was appointed as Director at AMERICAS CARMART INC.
  - Action: appointed
  - Role: Director
  source text: the Board also approved increasing the number of directors serving on the Board to eight directors and appointed Mr. Campbell to serve as a director effective October 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184323005551/0001171843-23-005551-index.htm

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