CRMT - More on America's Car-Mart FQ3 results

America's Car-Mart ([[CRMT]] -0.6%) reports FQ3 revenue growth of 22.2% Y/Y to $228.3M beating estimates by $11M.Same-store revenue growth was up 16.9% during the quarter on a 16.5% lift in the average retail sales price to $13,688.Retail units sold were 14,053 (+5.6% Y/Y) with Average retail units sold/store/month were 31.2 (+2% Y/Y).Gross profit per retail unit of $5,774 (+16.9% Y/Y) with Average number of stores in operation were 150 (+3.4% Y/Y).Co. saw leveraging with SG&A expenses decreasing to 16.7% of sales compared to 18.6% Y/Y due to the investments in associates and the business which are paying off well.Collections as a percentage of average finance receivables declined 110 bps to 12.1%.Net charge-offs were down to 4.9%, as the Co. continued to work to keep customers on the road and in their vehicles.Cash and equivalents at $4.2M and debt, net of cash, to finance receivables to 27.7%.“During the quarter, added $51.7M in receivables, increased

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More on America's Car-Mart FQ3 results