- America’s Car-Mart Inc CRMT reported fourth-quarter FY22 sales growth of 26.1% year-on-year to $351.84 million, beating the consensus of $297.23 million.
- Same-store revenue growth was 24.2% versus 37.6% reported a year ago.
- Total gross profit per retail unit sold rose 14.2% Y/Y.
- Selling, general and administrative expenses increased 13.4% to $40.9 million.
- The company held $42.6 million in cash and equivalents as of April 30, 2022.
- EPS of $4.01 beat the analyst consensus of $3.10.
- Inventory rose 40.2% Y/Y to $115.3 million.
- Price Action: CRMT shares closed lower by 2.19% at $76.46 on Monday.
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