America's Car-Mart, Inc. (OQ:CRMT)

Sector:  Consumer Cyclicals Industry:  Auto Vehicles, Parts & Service Retailers
See Regulatory Filings on SEC
Company Contact
Address: 802 SE Plaza Ave Ste 200
Tel: 1-479-4649944
IR: See website
Key People
Ray C. Dillon
Independent Chairman of the Board
Jeffrey A. Williams
President, Chief Executive Officer, Secretary, Director
Vickie D. Judy
Chief Financial Officer, Secretary
Leonard L. Walthall
Chief Operating Officer
Business Overview
America's Car-Mart, Inc. is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America's Car Mart, Inc. (Car-Mart of Arkansas) and Colonial Auto Finance, Inc. (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart). It primarily sells older model used vehicles and provides financing for all of its customers. As of April 30, 2016, the Company operated 143 dealerships located primarily in small cities throughout the South-Central United States. Dealerships are operated on a decentralized basis. Each dealership is responsible for buying (with the assistance of a corporate office buyer) and selling vehicles, making credit decisions, and servicing and collecting the installment contracts it originates. Dealerships also maintain their own records and make daily deposits. The Company has both regular and satellite dealerships.
Financial Overview
For the six months ended 31 October 2019, America's Car-Mart, Inc. revenues increased 9% to $362.2M. Net income applicable to common stockholders increased 33% to $29.4M. Revenues reflect Sales increase of 9% to $317.8M, Interest and other income increase of 9% to $44.4M. Net income benefited from Provision for credit losses decrease of 4% to $72.7M (expense), Depreciation and amortization decrease of 1% to $1.9M (expense).
Employees: 1,600 as of Apr 30, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $900.31M as of Oct 31, 2019
Annual revenue (TTM): $700.12M as of Oct 31, 2019
EBITDA (TTM): $82.46M as of Oct 31, 2019
Net annual income (TTM): $54.82M as of Oct 31, 2019
Free cash flow (TTM): $14.88M as of Oct 31, 2019
Net Debt Last Fiscal Year: $176.35M as of Oct 31, 2019
Shares outstanding: 6,604,821 as of Dec 2, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization