Trade America's Car-Mart Inc/TX - CRMT CFD

Americas Car-Mart Company profile

About America's Car-Mart, Inc.

America’s Car-Mart, Inc. is an automotive retailer in the United States. The Company operates in the integrated auto sales and finance segment of the used car market, also referred to as the integrated auto sales and finance industry. In this industry, the nature of the sale, the type of customer and the methods used to distribute the Company’s products and services, including the actual servicing of the contracts, as well as the regulatory environment in which the Company operates, all have similar characteristics. The Company operates through its two subsidiaries, including America’s Car Mart, Inc., an Arkansas corporation (Car-Mart of Arkansas) and Colonial Auto Finance, Inc., an Arkansas corporation (Colonial). It primarily sells older model used vehicles and provides financing for substantially all of its customers. The Company operated 151 dealerships located primarily in small cities throughout the South-Central United States.

Financial summary

BRIEF: For the nine months ended 31 January 2022, America's Car-Mart, Inc. revenues increased 35% to $860.5M. Net income applicable to common stockholders increased 10% to $66.6M. Revenues reflect Retail Sales, Total increase of 34% to $656.8M, Sales increase of 34% to $750.9M, Interest and other income increase of 37% to $109.6M. Net income was partially offset by Merchandise Margins, Total - % decrease of 20% to 37.8%.

Equity composition

Common Stock $.01 Par, 01/11, 50M auth., 12,273,669 issd., less 1,622,930 of shs. in Treas. Insiders control approx. 15.24%. PO: N/A. 3/94 &5/94, Private Placements of 2M & 637K Common shares, resp. 4/05, 3-for-2 stock split. *FY'01 & '02 Q's are restated due to discontinued ops. FY'98 Q's fincls. are reclassified.