---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-007430"
form_type: "8-K"
ticker: "CRMT"
cik: "0000799850"
company_name: "AMERICAS CARMART INC"
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:24:30.251374+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# America’s Car-Mart reports Q2 loss of $4.30 per share; credit loss allowance increased

## Summary
- Revenue up 2.8% to $361.6M; unit sales down 4.6% to 15,162.
- GAAP loss per share $4.30 vs. $0.48 diluted EPS in prior year; includes $3.40 non-cash charge for allowance increase.
- Net charge-offs as % of avg finance receivables rose to 7.2% from 5.8%; allowance increased to 26.04%.
- Gross margin improved to 34.3% from 32.1%; gross profit per unit $6,835 vs $6,132.
- Board elected Jonathan Z. Buba as independent director; also agreed to acquire Central Auto Sales in Hot Springs.

## SEC filing metadata
- accession: 0001171843-23-007430
- form_type: 8-K
- ticker: CRMT
- cik: 0000799850
- company_name: AMERICAS CARMART INC
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799850/000117184323007430/0001171843-23-007430-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799850/000117184323007430/f8k_120523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-007430
- JSON: https://secwatch.observer/filing/0001171843-23-007430.json
- Plain text: https://secwatch.observer/filing/0001171843-23-007430.txt

## Key facts
- Earnings Releases
  AMERICAS CARMART INC reported the second quarter ended October 31, 2023 results: revenue $361.6 million, EPS Loss per share $4.30vs.$0.48 diluted earnings per share.
  - Period: the second quarter ended October 31, 2023
  - Revenue: $361.6 million
  - EPS: Loss per share $4.30vs.$0.48 diluted earnings per share
  - Result: reported results
  source text: Q2 FY23) Revenues increased 2.8% to $361.6 million Retail unit sales were down 4.6% Gross margin increased to 34.3% from 32.1% Customer count increased 6.0% to 104,596 Net charge-offs as a % of average finance receivables were 7.2% vs.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184323007430/0001171843-23-007430-index.htm
- Executive change
  Jonathan Z. Buba was elected as Director at AMERICAS CARMART INC.
  - Action: elected
  - Role: Director
  source text: On November 30, 2023, the Board of Directors of the Company elected Jonathan Z. Buba as a new, independent director, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/799850/000117184323007430/0001171843-23-007430-index.htm

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