CRMT - America's Car-Mart jumps 25% after reporting Q4 beat in earnings

America's Car-Mart (NASDAQ:CRMT +25.3%) Q4 shows a surge of 26% in revenue to $352M, beats consensus by $41.7M. The average sales price increased 24% to $17,860 and unit sales volume dropped 1%. “Collections and credit results for both the quarter and the full year were strong. For the quarter, net charge-offs were 5.6%, well below the prior five-year and ten-year averages of 6.6% and 7.2%, respectively. For the full fiscal year, net charge-offs were 20.2% compared to five-year and ten-year averages of 25.5% and 26.5%, respectively. Collections per account per month for the quarter were up 5% to $586 over the prior year quarter and up 20% sequentially. When considering the effects of prior year stimulus payments and the current year term increase, our collections were up significantly during the quarter.” said Jeff Williams, President and CEO. GAAP EPS of $4.01 beats consensus by $0.91. The stock has declined about 35% over the last

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America's Car-Mart jumps 25% after reporting Q4 beat in earnings