NASDAQ$CRMT

Americas Car-Mart Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

America's Car-Mart reported diluted earnings per share of $1.83 on revenues of $187 million.

America's Car-Mart reported a solid top-line growth with revenues up 15.9% and same store revenues up 15.1%. The company is focusing on quality vehicles and a broad selection to pick up market share. They added over 5,100 customers in the last twelve months.

  • Revenues increased by 15.9% due to improved operational execution and inventory management.
  • Same store revenues grew by 15.1%.
  • Net charge-offs as a percentage of average receivables decreased to 5.9% compared to 6.2% in the prior year quarter.
  • Selling, general, and administrative expenses decreased to 18.6% of sales, compared to 18.9% for the prior year quarter.

Headline financials

Total Revenue

$187M

Previous: $161M+15.9%
EPS (adj)

$1.83

Previous: $1.55+18.1%
Net charge-offs

$5.90

Previous: $6.20-4.8%
SG&A Expense

$18.60

Previous: $18.90-1.6%
Capital Expenditures

-$3.24M

Previous: -$3.04M-6.6%
Free Cash Flow

$9.44M

Previous: $7.85M+20.2%
Net Income

$12.7M

Previous: $10.9M+16.4%
Operating Income

-$54.9M

Previous: $51.9M-205.8%
Gross Profit

$89.2M

Previous: $79.3M+12.5%
Cash & Equivalents

$2.08M

Previous: $1.62M+28.3%
Total Assets

$598M

Previous: $494M+21.1%
Stock-Based Comp

$938K

Previous: $582K+61.2%

Revenue & EPS history

Car-Mart · Revenue · Quarterly

$187M

Q3 2020+15.9%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The company plans to open its Cabot, Arkansas dealership in the 4th quarter and also has locations in Edmond, Oklahoma, Chattanooga, Tennessee and Norman, Oklahoma in process for this upcoming fiscal year. They will continue to repurchase shares opportunistically.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+1.0%

Avg return

Earnings day

+2.9%

Avg return

5 days after

-1.5%

Avg return

30 days after

56%

37 / 66 earnings

Positive

+27.9%

Q4 2022

Best reaction

-26.3%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+9.1%+75.5%
Q3 2026-8.0%-36.2%-41.8%
Q2 2026+10.9%+17.8%+3.9%
Q1 2026-18.0%-15.7%-31.5%
Q4 2025+0.0%-0.6%+22.8%
Q3 2025+15.9%+15.7%+13.8%
Q2 2025+17.4%+22.0%+7.7%
Q1 2025-11.6%-15.4%-29.0%
Q4 2024-2.8%-4.6%+7.0%
Q3 2024+5.6%+0.8%-5.2%
Q2 2024-21.3%-25.1%-21.1%
Q1 2024-16.5%-3.2%-4.6%
Q4 2023+0.1%-4.9%+5.9%
Q3 2023-7.0%-5.6%-15.0%
Q2 2023-4.9%-1.6%-1.1%
Q1 2023-26.3%-37.0%-44.6%
Q4 2022+27.9%+43.8%+24.7%
Q3 2022+8.0%-5.1%-8.8%
Q2 2022-10.0%-13.6%-14.8%
Q1 2022-20.1%-24.0%-26.4%
Q4 2021+8.7%+12.0%-3.3%
Q3 2021+4.0%+0.6%+17.1%
Q2 2021+7.5%+4.1%+15.2%
Q1 2021+5.8%+2.5%-11.3%
Q4 2020+9.1%+14.1%+23.8%
Q3 2020+6.7%-4.7%-66.7%
Q2 2020+14.0%+15.6%+24.2%
Q1 2020+3.5%-0.0%+6.2%
Q4 2019-8.7%-12.5%-14.7%
Q3 2019+3.4%+4.6%+6.0%
Q2 2019+16.4%+2.7%-2.2%
Q1 2019+25.6%+30.1%+27.3%
Q4 2018+14.7%+18.4%+23.4%
Q3 2018+3.8%+11.0%+7.7%
Q2 2018+11.3%+10.5%+5.0%
Q1 2018+1.9%+4.9%+8.7%
Q4 2017+6.9%+6.1%+5.7%
Q3 2017-15.6%-18.0%-11.3%
Q2 2017+2.2%+4.2%+7.2%
Q1 2017+14.2%+25.0%+18.7%
Q4 2016-6.9%+3.3%+9.9%
Q3 2016-3.9%
Q2 2016-12.2%
Q1 2016-12.8%
Q4 2015+0.4%
Q3 2015+3.4%
Q2 2015+12.9%
Q1 2015+11.7%
Q4 2014-1.8%
Q3 2014-4.1%
Q2 2014-5.4%
Q1 2014-5.2%
Q4 2013+0.4%
Q3 2013+10.5%
Q2 2013-11.3%
Q1 2013+0.7%
Q4 2010+7.2%
Q4 2012+7.2%
Q3 2011-3.2%
Q3 2012-3.2%
Q2 2012+2.3%
Q2 2011+2.3%
Q1 2011-2.3%
Q1 2012-2.3%
Q4 2011-2.3%
Q3 2010-0.9%

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