America's Car-Mart Reports Fourth Quarter and Fiscal Year 2024 Results
Car-Mart(CRMT) Newsfilter·2024-06-18 19:30
ROGERS, Ark., June 18, 2024 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ:CRMT) ("we," "Car-Mart" or the "Company"), today reported financial results for the fourth quarter and full year ended April 30, 2024. Fourth Quarter Key Highlights (FY'24 Q4 vs. FY'23 Q4, unless otherwise noted) Revenue was $364.7 million, down 5.8%Gross Margin improved to 35.5%, up 200 bpsTotal collections increased 5.0% to $187.2 millionFavorable adjustment to allowance for credit loss to 25.32%, down from 25.74%Net charge-o ...