CRMT - America's Car-Mart rallies on FQ4 estimates beat

America's Car-Mart ([[CRMT]] +7.7%) reports FQ4 revenue growth of 42.6% Y/Y to $279.1M beating estimates by $52.3M.Same-store revenue growth was up 37.6% during the quarter on a 15.9% lift in the average retail sales price to $14,387.Retail units sold were 16,555 (+24.3% Y/Y) with Average retail units sold/store/month were 36.5 (+20.9% Y/Y).Gross profit per retail unit of $6,032 (+15.3% Y/Y) with Average number of stores in operation were 151 (+2.7% Y/Y).The Co. experienced some positive leveraging with the increased sales volumes with S, G&A expenses decreasing to 14.5% of sales compared to 17.7% Y/Y.Collections as a percentage of average finance receivables declined 100 bps to 14.9%.Net charge-offs were down to 4.8% and as a result of the improved credit losses as well as outlook for projected losses, it lowered allowance for credit losses from 26.5% to 24.5%.Debt, net of cash, to finance receivables is 27.6%, compared to 25.1% Q/Q and added $188.4M in

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America's Car-Mart rallies on FQ4 estimates beat