secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAS CARMART INC (CRMT)
CIK:        0000799850
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001171843-23-007430
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799850/000117184323007430/0001171843-23-007430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799850/000117184323007430/f8k_120523.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-007430

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