secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAS CARMART INC (CRMT)
CIK:        0000799850
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0001171843-24-001246
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Car-Mart reports Q3 loss of $1.34/share; revenue down 7.9%, sales volume down 19.6%
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- Net loss per share $1.34 (diluted) vs $0.23 diluted EPS prior year; revenue $299.6M down 7.9%.
- Retail units sold 11,664 down 19.6% from 14,508; average retail sales price up 7.5% to $19,455.
- Gross profit per unit up 10.5% to $7,043; net charge-offs 6.8% vs 5.9% (down 40 bps sequentially).
- Allowance for credit loss adjusted to 25.74% (down 30 bps sequentially) providing $3.9M benefit.
- Entered strategic partnership with Cox Automotive; completed $250M securitization at 9.5% fixed coupon.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/799850/000117184324001246/0001171843-24-001246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/799850/000117184324001246/f8k_030824.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-001246

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer