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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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<blockquote data-quote="Weather Man" data-source="post: 16473539" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>America's Car-Mart +4.5% on FQ1 estimates beat</strong></span></p><p>Aug. 17, 2020 5:08 PM ET|About: <a href="https://seekingalpha.com/symbol/CRMT" target="_blank">America's Car-Mart, Inc. (CRMT)</a>|By: <a href="https://seekingalpha.com/user/49282475/profile" target="_blank">Pranav Ghumatkar</a>, SA News Editor </p><p></p><p></p><p>America's Car-Mart (NASDAQ:<a href="https://seekingalpha.com/symbol/CRMT" target="_blank">CRMT</a>) reports <a href="https://seekingalpha.com/pr/17974529-americas-car-mart-reports-diluted-earnings-per-share-of-2_83-on-revenues-of-188-million" target="_blank">FQ1</a> revenue growth of 9.3% Y/Y to $187.9M.</p><p></p><p>Same-store revenue was up 5.5% during the quarter on a 12.2% lift in the average retail sales price to $12,800.</p><p></p><p>Retail units sold were 12,176 (+2.8% Y/Y) with Average retail units sold/store/month were 27.4 (-5.5% Y/Y).</p><p></p><p>Gross profit per retail unit of $5,579 (+14.2% Y/Y) with Average number of stores in operation were 148 (+2.8% Y/Y).</p><p></p><p>Co. saw leveraging with SG&A expenses as it took steps to reduce expenses early in the pandemic.</p><p></p><p>Collections as a percentage of average finance receivables declined 50 bps to 13%.</p><p></p><p>Net charge-offs were down to 4.8%, positively impacted by the hard work by associates to help customers through this pandemic and by the additional CARES Act enhanced unemployment payments.</p><p></p><p>Cash balance is at $50.6M and debt, net of cash, to finance receivables to 25.4%.</p><p></p><p>“Our balance sheet is strong, and our vision is clear as we push for market share increases by providing a great customer experience and earning repeat business.” said Vickie Judy, CFO.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16473539, member: 137766"] [size=6][b]America's Car-Mart +4.5% on FQ1 estimates beat[/b][/size] Aug. 17, 2020 5:08 PM ET|About: [URL='https://seekingalpha.com/symbol/CRMT']America's Car-Mart, Inc. (CRMT)[/URL]|By: [URL='https://seekingalpha.com/user/49282475/profile']Pranav Ghumatkar[/URL], SA News Editor America's Car-Mart (NASDAQ:[URL='https://seekingalpha.com/symbol/CRMT']CRMT[/URL]) reports [URL='https://seekingalpha.com/pr/17974529-americas-car-mart-reports-diluted-earnings-per-share-of-2_83-on-revenues-of-188-million']FQ1[/URL] revenue growth of 9.3% Y/Y to $187.9M. Same-store revenue was up 5.5% during the quarter on a 12.2% lift in the average retail sales price to $12,800. Retail units sold were 12,176 (+2.8% Y/Y) with Average retail units sold/store/month were 27.4 (-5.5% Y/Y). Gross profit per retail unit of $5,579 (+14.2% Y/Y) with Average number of stores in operation were 148 (+2.8% Y/Y). Co. saw leveraging with SG&A expenses as it took steps to reduce expenses early in the pandemic. Collections as a percentage of average finance receivables declined 50 bps to 13%. Net charge-offs were down to 4.8%, positively impacted by the hard work by associates to help customers through this pandemic and by the additional CARES Act enhanced unemployment payments. Cash balance is at $50.6M and debt, net of cash, to finance receivables to 25.4%. “Our balance sheet is strong, and our vision is clear as we push for market share increases by providing a great customer experience and earning repeat business.” said Vickie Judy, CFO. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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