CRMT ==> The NCAA 2012 Winner!

[mrmarket]

Pretty good gain today (although giving some back in after hours doh).

[Deaddog]

Pretty good gain today (although giving some back in after hours doh).

Maybe you shouldn’t comment till you get your money off the table. I know the Markets Gods put me in my place quite often.

Like you said it only takes one institution to move this baby.

Coming back nicely after the initial drop.

[mrmarket]

Maybe you shouldn’t comment till you get your money off the table. I know the Markets Gods put me in my place quite often.

Like you said it only takes one institution to move this baby.

Coming back nicely after the initial drop.

Let me be more clear. I am the greatest stock picker in the universe.

[mrmarket]

America's Car-Mart Reports Diluted Earnings Per Share of $.92 on Revenue Increase of 10.6% to $126 Million
Press Release: America's Car-Mart Inc. – 1 hour 55 minutes ago
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CRMT 46.04 -0.29

BENTONVILLE, Ark., May 23, 2013 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (CRMT) today announced its operating results for its fiscal 2013 fourth quarter and full fiscal year ended April 30, 2013.
Highlights of fourth quarter operating results:
Net income of $8.8 million - $.92 per diluted share vs. $.97 per diluted share for prior year quarter (prior year quarter includes $1 million after-tax positive effect from a reduction to the allowance for credit losses- $.09 per diluted share)
Revenues of $126 million compared to $113 million for the prior year quarter with same store revenue increase of 5.3%
Retail unit sales increase of 10% to 10,767 from 9,789 for the prior year quarter with productivity increase of 1.8% to 29.4 retail units sold per store per month from 28.9 for prior year quarter
Average retail sales price increased $179 to $9,963 or 1.8% from the prior year quarter and $166 or 1.7% sequentially
Net Charge-offs as a percent of average finance receivables of 7.1%, flat with prior year quarter
Provision for credit losses of 22.6% of sales vs. 19.1% for prior year quarter (20.6% for prior year quarter excluding the effect of the reduction to the allowance for credit losses)
Selling, General and Administrative Expenses at 16.9% of sales vs. 17.1% for prior year quarter
Opened four new dealerships during the quarter - dealership count now at 124
Active accounts base now almost 58,000
Debt to equity of 49.2% and debt to finance receivables of 27.4%
Allowance for credit losses at 21.5% of finance receivables at April 30, 2013 and at April 30, 2012
Highlights of full fiscal year operating results:
Net income of $32.1 million or $3.36 per diluted share vs. $3.24 per diluted share for prior year (prior year includes the $.09 positive effect from a reduction to the allowance for credit losses)
Revenue increase of 8.0% to $465 million from $430 million for the prior year with same store revenue growth of 3.3%
Retail unit sales increase of 8.0% to 40,737 from 37,722 for the prior year with a .5% increase in average retail sales price to $9,721 with productivity increase of .6% to 28.8 retail units sold per store per month
Net Charge-offs as a percentage of average finance receivables of 25.2% compared to 24.8% for the prior year
Provision for credit losses of 23.1% of sales vs. 21.1% for prior year (21.5% for prior year excluding the effect of the reduction to the allowance for credit losses)
Opened ten new dealerships during the year
Strong cash flows supporting the significant increase in revenues and the $46 million increase in finance receivables, the $5.6 million increase in inventory to support higher sales levels, $5.5 million in net capital expenditures, and $17.3 million in common stock re-purchases, with a $21.7 million increase in total debt
"We are very pleased with our results for the quarter and for the year and are very excited about our future. We opened 10 new dealerships during the year, four of which were opened during the fourth quarter. We couldn't be happier with our Expansion Department and the great work being done by that group. We have several great new locations in process and our expectation continues to be that we will open new dealerships in fiscal 2014 and beyond at an approximate 10% annual rate," said William H. ("Hank") Henderson, President and Chief Executive Officer of America's Car-Mart. "We continue to make solid progress with our training efforts especially related to our Manager in Training Program. Our Training Department is doing an outstanding job of hiring, training and supporting our Future Managers which is so crucial to our long-term success. Additionally, the re-write of our operational software is progressing well and is certainly expected to increase lot level efficiencies. It goes without saying that this project is a very important component of our effort to create an infrastructure to support more customers from more locations into the future."
"Increased funding to the sub-prime auto industry has certainly contributed to some additional competitive pressure this year. We have answered the challenge, and our General Managers have remained focused on earning repeat business and highlighting the value of Car-Mart's local presence and face to face relationships giving us the ability to work with customers most effectively," added Mr. Henderson. "Our customers are looking for good, reliable and affordable transportation, excellent service and the peace of mind that goes with dealing with America's Car-Mart. Our associates take great care of our customers. After almost 32 years in this business, we understand the Company's future success will be determined by the success of our customers and we are committed to doing everything we can to help them succeed."
"We are pleased with our top line growth and our sales volume productivity improvements especially in light of the challenging macroeconomic environment coupled with some additional competitive pressures from the funding side. As we anticipated, in our efforts to attract and retain better customers, many of whom are long-term repeat customers, we did lengthen our overall contract terms (to 29.3 months up from 28.1 at this time last year) which contributed to lower collections and a higher provision for credit losses. However, net charge-offs was flat for the quarter and up only slightly for the full fiscal year. We fully expect to earn acceptable cash-on-cash returns supporting our decision to attract and retain better customers through slightly longer terms and somewhat lower down payments in this competitive environment," said Jeff Williams, Chief Financial Officer of America's Car-Mart. "As expected, higher unit sales resulted in leveraging at the selling, general and administrative line for the quarter. We remain convinced that the business model will continue to support significant unit volume expansion."
"Since February 1, 2010, we have repurchased 2.9 million shares, or almost 25% of our Company. Although we did not repurchase any shares in the fourth quarter, we believe in the long-term value of our company and plan to invest in the repurchase program when favorable conditions are present, but our first priority for capital allocation will continue to be to support the healthy growth of the business. We believe it is prudent to maintain a very conservative balance sheet, especially in the current operating environment. Our debt to equity ratio was 49.2% and our debt to finance receivables ratio was 27.4% at the end of the quarter," added Mr. Williams. "Our balance sheet is very healthy and by staying focused on cash returns our future is bright."
Conference Call
Management will be holding a conference call on Friday, May 24, 2013 at 11:00 a.m. Eastern Time to discuss fourth quarter results. A live audio of the conference call will be accessible to the public by calling (877) 776-4031. International callers dial (631) 291-4132. Callers should dial in approximately 10 minutes before the call begins. A conference call replay will be available one hour following the call for thirty days and can be accessed by calling (855) 859-2056 (domestic) or (404) 537-3406 (international), conference call ID # 68299187.
About America's Car-Mart
America's Car-Mart, Inc. (the "Company") operates 124 automotive dealerships in ten states and is one of the largest publicly held automotive retailers in the United States focused exclusively on the "Integrated Auto Sales and Finance" segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationships with its customers. The Company operates its dealerships primarily in small cities throughout the South-Central United States selling quality used vehicles and providing financing for substantially all of its customers. For more information, including investor presentations, on America's Car-Mart, please visit our website at www.car-mart.com.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements address the Company's future objectives, plans and goals, as well as the Company's intent, beliefs and current expectations regarding future operating performance, and can generally be identified by words such as "may," "will," "should," "could, "believe," "expect," "anticipate," "intend," "plan," "foresee," and other similar words or phrases. Specific events addressed by these forward-looking statements include, but are not limited to:
new dealership openings;
performance of new dealerships;
same store revenue growth;
future overall revenue growth;
the Company's collection results, including but not limited to collections during income tax refund periods;
repurchases of the Company's common stock; and
the Company's business and growth strategies.
These forward-looking statements are based on the Company's current estimates and assumptions and involve various risks and uncertainties. As a result, you are cautioned that these forward-looking statements are not guarantees of future performance, and that actual results could differ materially from those projected in these forward-looking statements. Factors that may cause actual results to differ materially from the Company's projections include, but are not limited to:
the availability of credit facilities to support the Company's business;
the Company's ability to underwrite and collect its accounts effectively, including but not limited to collections during income tax refund periods;
competition;
dependence on existing management;
availability of quality vehicles at prices that will be affordable to customers;
changes in financing laws or regulations; and
general economic conditions in the markets in which the Company operates, including but not limited to fluctuations in gas prices, grocery prices and employment levels.

[mrmarket]

America’s Car-Mart Earnings: Everything You Must Know Now

By Derek Hoffman | More Articles
May 24, 2013


America’s Car-Mart Inc. (NASDAQ:CRMT) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!
America’s Car-Mart Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 5.15% to $0.92 in the quarter versus EPS of $0.97 in the year-earlier quarter.
Revenue: Rose 10.63% to $125.54 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: America’s Car-Mart Inc. reported adjusted EPS income of $0.92 per share. By that measure, the company met the mean analyst estimate of $0.92. It beat the average revenue estimate of $119.2 million.
Quoting Management: “We are very pleased with our results for the quarter and for the year and are very excited about our future. We opened 10 new dealerships during the year, four of which were opened during the fourth quarter. We couldn’t be happier with our Expansion Department and the great work being done by that group. We have several great new locations in process and our expectation continues to be that we will open new dealerships in fiscal 2014 and beyond at an approximate 10% annual rate,” said William H. (“Hank”) Henderson, President and Chief Executive Officer of America’s Car-Mart. “We continue to make solid progress with our training efforts especially related to our Manager in Training Program. Our Training Department is doing an outstanding job of hiring, training and supporting our Future Managers which is so crucial to our long-term success. Additionally, the re-write of our operational software is progressing well and is certainly expected to increase lot level efficiencies. It goes without saying that this project is a very important component of our effort to create an infrastructure to support more customers from more locations into the future.”

[mjrichmo]

how do we feel about CRMT going into earnings in 2 weeks? UHAL did a nice return today after earnings...will CRMT do the same? they've missed a couple of targets in the past

[mjrichmo]

earnings release today!

[billyjoe]

mjrichmo,

Although many of the stocks in CRMT's group look strong, CRMT doesn't stand out. They need a very big earnings surprise or outstanding guidance to recover at this point.

------------------billy

[mjrichmo]

Yeah, thats what I was thinking. I sold earlier today, their earnings history scares me a little, plus even carmax has been struggling..Thanks for the input!! put the money back in DAL

[riverbabe]

Yeah, thats what I was thinking. I sold earlier today, their earnings history scares me a little, plus even carmax has been struggling..Thanks for the input!! put the money back in DAL

The airlines scare me right now, with all the weather-related flight cancellations. Good luck!

[mjrichmo]

thanks for the advice, it was a good sell. river-delta reports earnings in april, i think they'll be ok by then. but good point on the winter weather. most of feb will be a loss for the majority of airlines, and i think delta was one of the most effected

[Duniyo]

The airlines scare me right now, with all the weather-related flight cancellations. Good luck!

SAVE earnings beat the estimates, I believe it wasn't impacted by the weather as bad as major airlines. January and February weather anomaly is behind us - here comes spring (We serious need a party smiley)

[mrmarket]

Bright lights ahead?

William H. ("Hank") Henderson, President and Chief Executive Officer of America's Car-Mart. "The higher charge-off levels led us to be more disciplined with the structures of our 4th quarter deals and we are confident we will see improvement in customer success rates as a result. Holding a stronger line for better deal structures, however, contributed to the top line challenges we experienced as we did forego some sales opportunities to assure better success rates for our customers on these most recent sales. We intend to continue to push for better deal structures but at the same time remain aware of the necessary balance for the sales side of the equation. We remain committed to growing our business the right way by setting our customers up to succeed so that we will be in a position to earn their repeat business in the future."
"We opened ten new dealerships this year and have two more to be opened within the next thirty days; one each in Alabama and Tennessee. Our new dealerships are performing well and we are excited to be adding great new towns to our footprint. During the year we added almost 2,900 active accounts and are working hard to help make our new customers, and our existing customers, successful. We remain committed to continuing to grow our dealership count into the future, but given the current market dynamics we will be even more selective as we move forward. Being more selective, we will likely see new dealership openings for this upcoming year at less than our recent 10% rate; our targeted number of openings is eight dealerships for fiscal 2015," added Mr. Henderson.
"Our business model is strong despite recent challenges as evidenced by the fact that we generated a 10% return on a conservative equity base in 2014 (12% excluding the increase in the allowance for credit losses). By focusing on cash flows we were able to pay down $2.5 million in debt while adding 10 new dealerships, growing the receivable base by $16 million, repurchasing almost $13 million in common stock and investing almost $3 million in GPS technology. We accomplished all this in a year that could be considered the most difficult in the Company's history from both a macroeconomic standpoint for our customers coupled with the extremely competitive environment on the financing side. We believe that our customers have never been more stressed financially and, at the same time, have never been presented with more aggressive financing options for their vehicles," said Jeff Williams, Chief Financial Officer of America's Car-Mart. "We had been optimistic that interest rates may rise and give us some relief on the competitive side by potentially re-directing some money in search of yield. That has not happened so we continue to focus our energies on those things we can control and where we can make a difference. We are committed to maximizing our operational efficiencies and being best in class on expenses with both the retail and financing sides of the business. At the same time, we will do everything we can to add value to the customer and help them succeed."
"Our debt to equity improved to 45.6% and our debt to finance receivables improved to 25.6% at April 30, 2014 compared to debt to equity of 49.2% and debt to finance receivables of 27.4% at April 30, 2013. Obviously, we have a very healthy balance sheet," added Mr. Williams. "We repurchased 112,978 shares of our common stock during the quarter or about 1.3% of the outstanding shares. Since February 1, 2010 we have repurchased 3.2 million shares or 28% of the Company. We will stay focused on cash on cash returns, and we believe in our long-term value and will continue to invest in the repurchase program when favorable conditions exist. Our first priority for capital allocation will continue to be to support the healthy growth of the business."

[jiesen]

Go CRMT!!!

America's Car-Mart Reports Diluted Earnings Per Share of $.79 on Revenue Increase of 3.9% to $127 Million

BENTONVILLE, Ark., Aug. 20, 2014 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (CRMT) today announced its operating results for the first quarter of fiscal 2015.
Highlights of first quarter operating results:

• Net income of $7.3 million - $.79 per diluted share vs. $.79 per diluted share for prior year quarter
• Revenues of $127 million compared to $123 million for the prior year quarter with same store revenue decrease of 1.5%
• Retail unit sales increase of 7.9% to 11,482 from 10,643 for the prior year quarter with productivity flat at 28.4 retail units sold per store per month (up from 26.9 sequentially)
• Average retail sales price decreased $372 to $9,464 or 3.8% from the prior year quarter and decreased $321 or 3.3% sequentially
• Collections as a percentage of average Finance Receivables increased to 14.1% from 13.8% for the prior year quarter
• Net Charge-offs as a percent of average finance receivables of 6.3%, up slightly from 6.2% for prior year quarter
• Provision for credit losses of 24.6% of sales vs. 24.3% for prior year quarter
• Selling, General and Administrative Expenses at 18.4% of sales vs. 18.0% for prior year quarter
• Opened two new dealerships during the quarter - dealership count now at 136
• Active accounts base approximately 63,000, up approximately 2,000 accounts since April 30, 2014
• Debt to equity of 43.2% and debt to finance receivables of 23.8%
• Allowance for credit losses at 23.8% of finance receivables at July 31, 2014
• Strong cash flows supporting the increase in revenues, the $17.0 million increase in finance receivables, $1.0 million in net capital expenditures and the $2.8 million in common stock repurchases (74,683 shares) with a $2.8 million decrease in total debt

"We are pleased with our results for the quarter, especially the sequential improvement in per store productivity. We continue to get better with our lot level execution on the sales side and will push hard with our 33 + year effort to attract good, hard-working customers looking for quality vehicles, affordable payment terms and excellent service. We have always known that how we serve our customers is the absolute best way to maximize their success potential and to help them own their vehicles at the end of the contract term. Our success in the current environment is proving this out as we expected," said William H. ("Hank") Henderson, President and Chief Executive Officer of America's Car-Mart (the "Company"). "As we have mentioned previously, we are proud of the fact that our average retail sales price has decreased making our offering more affordable for our customers. While other finance companies are seeing significant increases in average contract balances and term lengths, we continue to swim upstream by taking the longer term view from our customers' perspective. Our average contract balance and our average originating term are both down from this time last year. We will continue to do everything in our power to help customers succeed. That has been and will always be our primary focus."
"We finished the quarter with 136 dealerships, an increase of 10 from this time last year. We expect to open a total of 8 new dealerships for the current fiscal year and then return back to a more historical store opening rate for 2016 and beyond," added Mr. Henderson. "We sold 11,482 retail units during the quarter, a 7.9% increase, and the average retail units sold per store per month was a healthy 28.4. We remain convinced that the business model will continue to support significant unit volume expansion. We are excited about our future."
"While the operating environment remains very challenging, we are happy to see the leveling off of our net charge-offs, the improvement in collections and the reduction in our accounts over 30 days past due. We continue to face headwinds on the competitive side and from the macro-economic side as related to factors affecting our customer base. However, with each passing month we are gaining more clarity on how the business model performs in a perfect storm stress test. We are encouraged. We have always felt that our offering is the best way to serve our customers' basic transportation needs and we will stay focused on customer success," said Jeff Williams, Chief Financial Officer of America's Car-Mart. "While charge-offs remain above historical levels, we feel confident we can effectively manage our losses and produce very attractive cash-on-cash returns on the capital we employ in growing the business. We would love to see a better operating environment as that would translate into higher customer success rates, but we will remain focused on the things we can control. On another note, the lower average retail sales price does put short-term pressure on operating expense leverage but our focus is on the long-term and keeping our transactions affordable. The lower average sales price, which results from a lower purchase cost, helps keep the cash cost of running the business down allowing us to continue to expand without incurring significant additional debt. We do expect some operating leverage in the future as we grow the top line but the exact timing is hard to pinpoint."
"As always, we believe in maintaining a very conservative balance sheet, especially in the current operating environment. Our debt to equity ratio was 43.2% and our debt to finance receivables ratio was 23.8% at the end of the quarter. We repurchased 74,683 shares of common stock during the quarter and since February 1, 2010 we have repurchased 3.3 million shares, or almost 28% of our Company's common stock. We believe in the long-term value of the Company and plan to invest in the repurchase program when favorable conditions are present, but our first priority for capital allocation will continue to be to support the healthy growth of the business, especially if the operating environment improves," added Mr. Williams. "We will continue to stay focused on cash returns and our future is bright."
Conference Call
Management will be holding a conference call on Thursday, August 21, 2014 at 11:00 a.m. Eastern Time to discuss first quarter results. A live audio of the conference call will be accessible to the public by calling (877) 776-4031. International callers dial (631) 291-4132. Callers should dial in approximately 10 minutes before the call begins. A conference call replay will be available one hour following the call for thirty days and can be accessed by calling (855) 859-2056 (domestic) or (404) 537-3406 (international), conference call ID # 84667486.
About America's Car-Mart
America's Car-Mart, Inc. (the "Company") operates 136 automotive dealerships in ten states and is one of the largest publicly held automotive retailers in the United States focused exclusively on the "Integrated Auto Sales and Finance" segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationships with its customers. The Company operates its dealerships primarily in small cities throughout the South-Central United States selling quality used vehicles and providing financing for substantially all of its customers. For more information, including investor presentations, on America's Car-Mart, please visit our website at www.car-mart.com.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements address the Company's future objectives, plans and goals, as well as the Company's intent, beliefs and current expectations regarding future operating performance and can generally be identified by words such as "may," "will," "should," "could, "believe," "expect," "anticipate," "intend," "plan," "foresee," and other similar words or phrases. Specific events addressed by these forward-looking statements include, but are not limited to:

• new dealership openings;
• performance of new dealerships;
• same store revenue growth;
• future overall revenue growth;
• the Company's collection results, including but not limited to collections during income tax refund periods;
• repurchases of the Company's common stock; and
• the Company's business and growth strategies.

These forward-looking statements are based on the Company's current estimates and assumptions and involve various risks and uncertainties. As a result, you are cautioned that these forward-looking statements are not guarantees of future performance, and that actual results could differ materially from those projected in these forward-looking statements. Factors that may cause actual results to differ materially from the Company's projections include, but are not limited to:

• the availability of credit facilities to support the Company's business;
• the Company's ability to underwrite and collect its accounts effectively, including but not limited to collections during income tax refund periods;
• competition;
• dependence on existing management;
• availability of quality vehicles at prices that will be affordable to customers;
• changes in financing laws or regulations; and
• general economic conditions in the markets in which the Company operates, including but not limited to fluctuations in gas prices, grocery prices and employment levels.

Additionally, risks and uncertainties that may affect future results include those described from time to time in the Company's SEC filings. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

[mrmarket]

Go is right...up 17% today already!