America’s Car-Mart Inc. (NASDAQ:CRMT) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
On May 22, 2017, Americas Car-Mart, Inc. issued a press release
announcing its operating results for the fourth fiscal quarter
and fiscal year ended April 30, 2017. The press release contains
certain financial, operating and other information for the period
ended April 30, 2017. A copy of the press release is attached
hereto as Exhibit 99.1 and incorporated herein by reference.
In accordance with General Instruction B.2., the information
contained in this Form 8-K shall not be deemed to be filed for
purposes of Section 18 of the Securities Exchange Act of 1934 nor
shall it be deemed incorporated by reference in any filing under
the Securities Act of 1934, as amended. Americas Car-Mart, Inc.
undertakes no obligation to update or revise this information.
Item 9.01. Financial Statements and Exhibits.
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(d) Exhibits. |
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Exhibit 99.1 |
Press release announcing operating results for the fourth |
About America’s Car-Mart Inc. (NASDAQ:CRMT)
America’s Car-Mart, Inc. is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc. (Car-Mart of Arkansas) and Colonial Auto Finance, Inc. (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart). It primarily sells older model used vehicles and provides financing for all of its customers. As of April 30, 2016, the Company operated 143 dealerships located primarily in small cities throughout the South-Central United States. Dealerships are operated on a decentralized basis. Each dealership is responsible for buying (with the assistance of a corporate office buyer) and selling vehicles, making credit decisions, and servicing and collecting the installment contracts it originates. Dealerships also maintain their own records and make daily deposits. The Company has both regular and satellite dealerships. America’s Car-Mart Inc. (NASDAQ:CRMT) Recent Trading Information
America’s Car-Mart Inc. (NASDAQ:CRMT) closed its last trading session up +2.20 at 37.40 with 354,455 shares trading hands.
