FOUND: Crmt - You Need To See This

Given the automotive market’s prospects, it could be wise to consider investing in fundamentally sound stock Asbury Automotive Group (ABG). However, the auto industry may face obstacles due to current macroeconomic conditions. Thus, fundamentally weak stocks such as America's Car-Mart (CRMT) and Kaixin Auto Holdings (KXIN) might be avoided. Read…

The used car business is feeling the pressure of high inflation and rising borrowing rates. With further rate hikes by the Fed in the pipeline, it could be wise for investors to steer clear of fundamentally weak used car retail stocks CarMax (KMX) and America's Car-Mart (CRMT). Read more….

America’s Car-Mart Inc (NASDAQ: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…