Welcome to our dedicated page for America's Car Mart news (Ticker: CRMT), a resource for investors and traders seeking the latest updates and insights on America's Car Mart stock.
America's Car-Mart Inc. (NASDAQ: CRMT) is a leading automotive retailer based in Bentonville, Arkansas, focusing on the Integrated Auto Sales and Finance segment of the used car market in the United States. For over 25 years, the company has been dedicated to providing quality vehicles, flexible financing arrangements, and exceptional personal service.
The company's operations are primarily conducted through its two subsidiaries: America's Car Mart Inc. and Colonial Auto Finance. Specializing in older model used vehicles, America's Car-Mart not only sells these cars but also offers financing solutions to nearly all of its customers. The revenue streams include the sale of used vehicles, service contracts, accident protection plans, interest income, and late fees from financing agreements.
Recently, America's Car-Mart announced a definitive agreement to acquire the dealership assets of Allied Union Group, Inc., operating as Central Auto Sales in Hot Springs, Arkansas. This acquisition aims to enhance Car-Mart's presence in Hot Springs and expand its reconditioning capabilities. The transaction aligns with Car-Mart's growth strategy through acquisitions, aiming to deliver exceptional returns for shareholders while offering future growth prospects for associates of acquired companies.
America's Car-Mart operates dealerships in twelve states, primarily focusing on smaller cities in the South-Central United States. Known for its superior customer service, the company emphasizes building strong personal relationships with its customers. It continues to be one of the largest publicly held automotive retailers in the U.S. focused exclusively on the Integrated Auto Sales and Finance segment.
Despite facing a challenging macro environment, the company remains committed to its customers' success. Recent initiatives have shown progress in gross profit, credit losses, and results from a new loan origination system. America's Car-Mart continues to be agile with its cost structure and investments, aiming to deliver long-term profitability and shareholder value.
For more information about America's Car-Mart, including investor presentations, visit their website at www.car-mart.com.
America’s Car-Mart, Inc. (NASDAQ: CRMT) will release its fiscal 2021 third quarter financial results on February 16, 2021, after market close. A conference call to discuss the results is scheduled for February 17, 2021, at 11:00 a.m. Eastern Time. The call can be accessed via phone or a webcast on the company’s website. Car-Mart operates automotive dealerships across twelve states, focusing on integrated auto sales and finance within the used car market. The company emphasizes customer service and strong relationships with clients.
America’s Car-Mart (NASDAQ: CRMT) announced an increase in its borrowing capacity under a loan agreement, rising from $241 million to $326 million. The expanded facility includes commitments from key lenders such as MUFG Union Bank ($50 million) and Wells Fargo ($50 million, up from $30 million). CFO Vickie Judy highlighted that the new funds will support the company’s growth and enhance customer service across its automotive dealerships, which operate in twelve states focusing on flexible financing for customers with challenging credit histories.
America’s Car-Mart, Inc. (NASDAQ: CRMT) has opened its 151st dealership in Edmond, OK, marking its 28th location in Oklahoma and the third for fiscal year 2021. The dealership will be managed by April Renfro. According to CEO Jeff Williams, the company aims to provide quality used vehicles alongside financing and exceptional service. The new dealership is part of Car-Mart's strategy to establish a presence in growing communities, enhancing customer experience with flexible financing options. Customers can shop both in-store and online.
America’s Car-Mart has unveiled a new visual identity and tagline, 'Keeping You on the Road', highlighting its commitment to serve customers in the used car market. This rebranding reflects a decade-long evolution, focusing on delivering quality vehicles and customer service. The new logo, incorporating a highway icon, symbolizes freedom and American spirit. The initiative, developed collaboratively with associates, will be implemented across all dealerships and digital platforms. Car-Mart operates in twelve states and has sold over 700,000 vehicles since 2000, emphasizing flexible financing options for customers with varied credit histories.
America’s Car-Mart, Inc. (NASDAQ: CRMT) will disclose its fiscal 2021 second quarter financial results on November 16, 2020, after market close. A conference call for management to discuss these results is scheduled for November 17, 2020, at 11:00 a.m. Eastern. The call can be accessed by dialing (877) 776-4031, and an international number is also provided. A replay will be available for thirty days post-call. Car-Mart operates automotive dealerships across twelve states, focusing on the used car market and offering integrated sales and financing options.
America’s Car-Mart (NASDAQ: CRMT) has opened its 150th dealership in Chattanooga, TN, enhancing its presence in Tennessee with this being its seventh location in the state. Managed by Char Green, the dealership aims to provide not only quality used vehicles but also flexible financing options tailored to customers with various credit backgrounds. The company focuses on community engagement and exceptional customer service, believing that its unique approach enhances customer experiences and meets local needs.
America's Car-Mart, Inc. (NASDAQ: CRMT) will release its fiscal 2021 first quarter financial results on August 17, 2020, after market closure. A conference call with senior management is scheduled for August 18, 2020, at 11:00 a.m. (Eastern), accessible via phone or webcast. The call can be joined by dialing (877) 776-4031, with a conference ID of #3239645. An audio replay will be available for thirty days post-call. America's Car-Mart operates automotive dealerships across twelve states, focusing on used car sales and financing, and emphasizes customer service.
FAQ
What is the current stock price of America's Car Mart (CRMT)?
What is the market cap of America's Car Mart (CRMT)?
What does America's Car-Mart Inc. do?
Where is America's Car-Mart Inc. based?
What are the primary revenue streams for America's Car-Mart Inc.?
What recent acquisition did America's Car-Mart Inc. announce?
How does America's Car-Mart Inc. serve its customers?
In which states does America's Car-Mart Inc. operate?
What is America's Car-Mart Inc.'s stock symbol?
What is America's Car-Mart Inc.'s approach to growth?
What recent financial initiatives has America's Car-Mart Inc. implemented?