America's Car-Mart Reports Diluted Earnings Per Share of $.92 on Revenue Increase of 10.6% to $126 Million

America's Car-Mart Reports Diluted Earnings Per Share of $.92 on Revenue
Increase of 10.6% to $126 Million

BENTONVILLE, Ark., May 23, 2013 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc.
(Nasdaq:CRMT) today announced its operating results for its fiscal 2013 fourth
quarter and full fiscal year ended April 30, 2013.

Highlights of fourth quarter operating results:

  *Net income of $8.8 million - $.92 per diluted share vs. $.97 per diluted
    share for prior year quarter (prior year quarter includes $1 million
    after-tax positive effect from a reduction to the allowance for credit
    losses- $.09 per diluted share)
  *Revenues of $126 million compared to $113 million for the prior year
    quarter with same store revenue increase of 5.3%
  *Retail unit sales increase of 10% to 10,767 from 9,789 for the prior year
    quarter with productivity increase of 1.8% to 29.4 retail units sold per
    store per month from 28.9 for prior year quarter
  *Average retail sales price increased $179 to $9,963 or 1.8% from the prior
    year quarter and $166 or 1.7% sequentially
  *Net Charge-offs as a percent of average finance receivables of 7.1%, flat
    with prior year quarter
  *Provision for credit losses of 22.6% of sales vs. 19.1% for prior year
    quarter (20.6% for prior year quarter excluding the effect of the
    reduction to the allowance for credit losses)
  *Selling, General and Administrative Expenses at 16.9% of sales vs. 17.1%
    for prior year quarter
  *Opened four new dealerships during the quarter - dealership count now at
    124
  *Active accounts base now almost 58,000
  *Debt to equity of 49.2% and debt to finance receivables of 27.4%
  *Allowance for credit losses at 21.5% of finance receivables at April 30,
    2013 and at April 30, 2012

Highlights of full fiscal year operating results:

  *Net income of $32.1 million or $3.36 per diluted share vs. $3.24 per
    diluted share for prior year (prior year includes the $.09 positive effect
    from a reduction to the allowance for credit losses)
  *Revenue increase of 8.0% to $465 million from $430 million for the prior
    year with same store revenue growth of 3.3%
  *Retail unit sales increase of 8.0% to 40,737 from 37,722 for the prior
    year with a .5% increase in average retail sales price to $9,721 with
    productivity increase of .6% to 28.8 retail units sold per store per month
  *Net Charge-offs as a percentage of average finance receivables of 25.2%
    compared to 24.8% for the prior year
  *Provision for credit losses of 23.1% of sales vs. 21.1% for prior year
    (21.5% for prior year excluding the effect of the reduction to the
    allowance for credit losses)
  *Opened ten new dealerships during the year
  *Strong cash flows supporting the significant increase in revenues and the
    $46 million increase in finance receivables, the $5.6 million increase in
    inventory to support higher sales levels, $5.5 million in net capital
    expenditures, and $17.3 million in common stock re-purchases, with a $21.7
    million increase in total debt

"We are very pleased with our results for the quarter and for the year and are
very excited about our future. We opened 10 new dealerships during the year,
four of which were opened during the fourth quarter. We couldn't be happier
with our Expansion Department and the great work being done by that group. We
have several great new locations in process and our expectation continues to
be that we will open new dealerships in fiscal 2014 and beyond at an
approximate 10% annual rate," said William H. ("Hank") Henderson, President
and Chief Executive Officer of America's Car-Mart. "We continue to make solid
progress with our training efforts especially related to our Manager in
Training Program. Our Training Department is doing an outstanding job of
hiring, training and supporting our Future Managers which is so crucial to our
long-term success. Additionally, the re-write of our operational software is
progressing well and is certainly expected to increase lot level efficiencies.
It goes without saying that this project is a very important component of our
effort to create an infrastructure to support more customers from more
locations into the future."

"Increased funding to the sub-prime auto industry has certainly contributed to
some additional competitive pressure this year. We have answered the
challenge, and our General Managers have remained focused on earning repeat
business and highlighting the value of Car-Mart's local presence and face to
face relationships giving us the ability to work with customers most
effectively," added Mr. Henderson. "Our customers are looking for good,
reliable and affordable transportation, excellent service and the peace of
mind that goes with dealing with America's Car-Mart. Our associates take great
care of our customers. After almost 32 years in this business, we understand
the Company's future success will be determined by the success of our
customers and we are committed to doing everything we can to help them
succeed."

"We are pleased with our top line growth and our sales volume productivity
improvements especially in light of the challenging macroeconomic environment
coupled with some additional competitive pressures from the funding side.As
we anticipated, in our efforts to attract and retain better customers, many of
whom are long-term repeat customers, we did lengthen our overall contract
terms (to 29.3 months up from 28.1 at this time last year) which contributed
to lower collections and a higher provision for credit losses.However, net
charge-offs was flat for the quarter and up only slightly for the full fiscal
year. We fully expect to earn acceptable cash-on-cash returns supporting our
decision to attract and retain better customers through slightly longer terms
and somewhat lower down payments in this competitive environment," said Jeff
Williams, Chief Financial Officer of America's Car-Mart. "As expected, higher
unit sales resulted in leveraging at the selling, general and administrative
line for the quarter. We remain convinced that the business model will
continue to support significant unit volume expansion."

"Since February 1, 2010, we have repurchased 2.9 million shares, or almost 25%
of our Company. Although we did not repurchase any shares in the fourth
quarter, we believe in the long-term value of our company and plan to invest
in the repurchase program when favorable conditions are present, but our first
priority for capital allocation will continue to be to support the healthy
growth of the business. We believe it is prudent to maintain a very
conservative balance sheet, especially in the current operating environment.
Our debt to equity ratio was 49.2% and our debt to finance receivables ratio
was 27.4% at the end of the quarter," added Mr. Williams. "Our balance sheet
is very healthy and by staying focused on cash returns our future is bright."

Conference Call

Management will be holding a conference call on Friday, May 24, 2013 at 11:00
a.m. Eastern Time to discuss fourth quarter results.A live audio of the
conference call will be accessible to the public by calling (877)
776-4031.International callers dial (631) 291-4132.Callers should dial in
approximately 10 minutes before the call begins.A conference call replay will
be available one hour following the call for thirty days and can be accessed
by calling (855) 859-2056 (domestic) or (404) 537-3406 (international),
conference call ID # 68299187.

About America's Car-Mart

America's Car-Mart, Inc. (the "Company") operates 124 automotive dealerships
in ten states and is one of the largest publicly held automotive retailers in
the United States focused exclusively on the "Integrated Auto Sales and
Finance" segment of the used car market.The Company emphasizes superior
customer service and the building of strong personal relationships with its
customers. The Company operates its dealerships primarily in small cities
throughout the South-Central United States selling quality used vehicles and
providing financing for substantially all of its customers.For more
information, including investor presentations, on America's Car-Mart, please
visit our website at www.car-mart.com.

This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995.These forward-looking
statements address the Company's future objectives, plans and goals, as well
as the Company's intent, beliefs and current expectations regarding future
operating performance, and can generally be identified by words such as "may,"
"will," "should," "could, "believe," "expect," "anticipate," "intend," "plan,"
"foresee," and other similar words or phrases.Specific events addressed by
these forward-looking statements include, but are not limited to:

  *new dealership openings;
  *performance of new dealerships;
  *same store revenue growth;
  *future overall revenue growth;
  *the Company's collection results, including but not limited to collections
    during income tax refund periods;
  *repurchases of the Company's common stock; and
  *the Company's business and growth strategies.

These forward-looking statements are based on the Company's current estimates
and assumptions and involve various risks and uncertainties.As a result, you
are cautioned that these forward-looking statements are not guarantees of
future performance, and that actual results could differ materially from those
projected in these forward-looking statements.Factors that may cause actual
results to differ materially from the Company's projections include, but are
not limited to:

  *the availability of credit facilities to support the Company's business;
  *the Company's ability to underwrite and collect its accounts effectively,
    including but not limited to collections during income tax refund periods;
  *competition;
  *dependence on existing management;
  *availability of quality vehicles at prices that will be affordable to
    customers;
  *changes in financing laws or regulations; and
  *general economic conditions in the markets in which the Company operates,
    including but not limited to fluctuations in gas prices, grocery prices
    and employment levels.

Additionally, risks and uncertainties that may affect future results include
those described from time to time in the Company's SEC filings. The Company
undertakes no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.You are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the dates on which they are made.

                                                                
America's Car-Mart, Inc.
Consolidated Results of Operations
(Operating Statement Dollars in Thousands)
                                                                
                                               % Change As a % of Sales
                           Three Months Ended    2013     Three Months Ended
                           April 30,             vs.      April 30,
                           2013       2012       2012     2013      2012
Operating Data:                                                  
Retail units sold           10,767    9,789     10.0%           
Average number of stores in 122       113       8.0              
operation
Average retail units sold   29.4      28.9      1.8              
per store per month
Average retail sales price  $9,963   $9,784   1.8              
Same store revenue growth   5.3%       5.5%                        
Net charge-offs as a
percent ofaverage Finance  7.1%       7.1%                        
Receivables
Collections as a percent of 17.6%      19.2%                       
average Finance Receivables
Average percentage of
Finance Receivables-Current 77.5%      80.5%                       
(excl. 1-2 day)
Average down-payment        8.7%       9.5%                        
percentage
                                                                
Period End Data:                                                 
Stores open                 124       114       8.8%            
Accounts over 30 days past  5.1%       4.1%                        
due
Finance Receivables, gross  $363,394 $316,933 14.7%           
                                                                
Operating Statement:                                             
Revenues:                                                        
Sales                       $113,034 $102,448 10.3%  100.0%  100.0%
Interest income             12,501    11,033    13.3    11.1     10.8
Total                       125,535   113,481   10.6    111.1    110.8
                                                                
Costs and expenses:                                              
Cost of sales               65,765    59,725    10.1    58.2     58.3
Selling, general and        19,087    17,569    8.6     16.9     17.1
administrative
Provision for credit losses 25,536    19,582    30.4    22.6     19.1
Interest expense            781       609       28.2    0.7      0.6
Depreciation and            756       632       19.6    0.7      0.6
amortization
Loss on Disposal of         58        91        (36.3)  0.1      0.1
Property and Equipment
Total                       111,983   98,208    14.0    99.1     95.9
                                                                
Income before taxes         13,552    15,273            12.0     14.9
                                                                
Provision for income taxes  4,763     5,632             4.2      5.5
                                                                
Net income                  $8,789   $9,641           7.8      9.4
                                                                
Dividends on subsidiary     $(10)    $(10)                     
preferred stock
                                                                
Net income attributable to  $8,779   $9,631                    
common shareholders
                                                                
Earnings per share:                                              
Basic                       $0.97    $1.01                     
Diluted                     $0.92    $0.97                     
                                                                
                                                                
Weighted average number of                                       
shares outstanding:
Basic                       9,017,440 9,509,999                  
Diluted                     9,494,167 9,959,866                  
                                                                

America's Car-Mart, Inc.
Consolidated Results of Operations
(Operating Statement Dollars in Thousands)
                                                                       
                                                                       
                                                 % Change As a % of Sales 
                            Years Ended            2013     Years Ended     
                            April 30,              vs.      April 30,       
                            2013       2012        2012     2013     2012   
Operating Data:                                                         
Retail units sold            40,737    37,722     8.0%                 
Average number of stores in  118       110        7.3                   
operation
Average retail units sold    28.8      28.6       0.6                   
per store per month
Average retail sales price   $9,721   $9,675    0.5                   
Same store revenue growth    3.3%       7.5%                              
Net charge-offs as a percent
of average Finance           25.2%      24.8%                             
Receivables
Collections as a percent of  60.6%      65.6%                             
average Finance Receivables
Average percentage of
Finance Receivables-Current  80.5%      80.9%                             
(excl. 1-2 day)
Average down-payment         6.6%       7.0%                              
percentage
                                                                       
Period End Data:                                                        
Stores open                  124       114        8.8%                 
Accounts over 30 days past   5.1%       4.1%                              
due
Finance Receivables, gross   $363,394 $316,933  14.7%                
                                                                       
Operating Statement:                                                    
Revenues:                                                               
Sales                        $415,740 $386,857  7.5%   100.0% 100.0%
Interest income              48,936    43,320     13.0    11.8    11.2  
Total                        464,676   430,177    8.0     111.8   111.2 
                                                                       
Costs and expenses:                                                     
Cost of sales                239,095   223,392    7.0     57.5    57.7  
Selling, general and         73,069    67,663     8.0     17.6    17.5  
administrative
Provision for credit losses  96,035    81,638     17.6    23.1    21.1  
Interest expense             2,937     2,285      28.5    0.7     0.6   
Depreciation and             2,826     2,329      21.3    0.7     0.6   
amortization
Loss on Disposal of Property 58        91         (36.3)  0.0     0.0   
and Equipment
Total                        414,020   377,398    9.7     99.6    97.6  
                                                                       
Income before taxes          50,656    52,779             12.2    13.6  
                                                                       
Provision for income taxes   18,491    19,792             4.4     5.1   
                                                                       
Net income                   $32,165  $32,987           7.7     8.5   
                                                                       
Dividends on subsidiary      $(40)    $(40)                           
preferred stock
                                                                       
Net income attributable to   $32,125  $32,947                         
common shareholders
                                                                       
Earnings per share:                                                     
Basic                        $3.53    $3.36                           
Diluted                      $3.36    $3.24                           
                                                                       
                                                                       
Weighted average number of                                              
shares outstanding:
Basic                        9,111,851 9,793,616                        
Diluted                      9,569,702 10,156,355                       
                                                                       

                                                                  
America's Car-Mart, Inc.
Consolidated Balance Sheet and Other Data
(Dollars in Thousands)
                                                                  
                                                                  
                                                                  
                                                       April 30,   April 30,
                                                       2013        2012
                                                                  
Cash and cash equivalents                               $272      $276
Finance receivables, net                                $288,049  $251,103
Inventory                                               $32,827   $27,242
Total assets                                            $358,265  $310,940
Total debt                                              $99,563   $77,900
Treasury stock                                          $94,547   $77,242
Stockholders' equity                                    $202,268  $184,473
Shares outstanding                                      9,023,290  9,378,346
                                                                  
                                                                  
                                                                  
Finance receivables:                                               
Principal balance                                       $363,394  $316,934
Deferred revenue - payment protection plan             $(12,910) (10,745)
Allowance for credit losses                             (75,345)   (65,831)
                                                                  
Finance receivables, net of allowance & deferred        $275,139  $240,358
revenue
                                                                  
                                                                  
Allowance as % of net principal balance                 21.5%       21.5%
                                                                  
                                                                  
                                                                  
Changes in allowance for credit losses:                            
                                                       Years Ended
                                                       April 30,
                                                       2013        2012
Balance at beginning of period                          $65,831   $60,173
Provision for credit losses                             96,035     81,638
Net charge-offs                                         (86,521)   (75,980)
                                                                  
Balance at end of period                                $75,345   $65,831
                                                                  

CONTACT: William H. ("Hank") Henderson, CEO
         (479) 464-9944
        
         Jeffrey A. Williams, CFO
         (479) 418-8021

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