America's Car-Mart, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended April 30, 2023
May 24, 2023 at 08:01 am
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America's Car-Mart, Inc. reported earnings results for the fourth quarter and full year ended April 30, 2023. For the fourth quarter, the company reported sales was USD 335.78 million compared to USD 303.96 million a year ago. Revenue was USD 388.31 million compared to USD 346.23 million a year ago. Net income was USD 2.09 million compared to USD 26.4 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 4.11 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 3.97 a year ago.
For the full year, sales was USD 1,209.28 million compared to USD 1,043.7 million a year ago. Revenue was USD 1,405.5 million compared to USD 1,195.55 million a year ago. Net income was USD 20.43 million compared to USD 95.01 million a year ago. Basic earnings per share from continuing operations was USD 3.2 compared to USD 14.59 a year ago. Diluted earnings per share from continuing operations was USD 3.11 compared to USD 13.92 a year ago.
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. In this industry, the nature of the sale and the financing of the transaction, financing processes, the type of customer and the methods used to distribute the Companyâs 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 Companyâs operations are principally conducted through its two operating subsidiaries, Americaâs Car Mart, Inc., an Arkansas corporation (Car-Mart of Arkansas) and Colonial Auto Finance, Inc., an Arkansas corporation (Colonial). The Company primarily sells older model used vehicles and provides financing for substantially all of its customers. The Company operates approximately 156 dealerships located primarily in small cities throughout the South-Central United States.
AMERICA'S CAR-MART, INC. 
