Earnings Call Summary | America's Car-Mart(CRMT.US) Q2 2025 Earnings Conference
Earnings Call Summary | America's Car-Mart(CRMT.US) Q2 2025 Earnings Conference
Net charge-offs as a percentage of average finance receivables improved to 6.6% from 7.2%.The following is a summary of the America's Car-Mart, Inc. (CRMT) Q2 2025 Earnings Call Transcript:
以下是美國汽車行（America's Car-Mart, Inc.）2025年第二季度業績會議電話交易摘要：
Financial Performance:
財務表現：
Total revenues decreased by $12.5 million or 3.5% due to a 9.1% decline in retail units sold, partially offset by a 3.6% increase in interest income and a $13.2 million service contract benefit.
Gross margin percentage of sales was 39.4%, or 36.5% when excluding the impact of the $13.2 million service contract revenue recognition benefit.
Net charge-offs as a percentage of average finance receivables improved to 6.6% from 7.2%.
Allowance for credit losses percentage of finance receivables decreased slightly to 24.72% from 25%, reflecting improved performance driven by the new LOS system.
總營業收入下降1250萬美元，下降3.5%，主要由於零售銷售單位下降了9.1%，部分抵消了利息收入增長了3.6%，以及1320萬美元服務合同收益。
毛利率銷售百分比爲39.4%，如果排除1320萬美元服務合同收入確認益，則爲36.5%。
淨賠付佔平均融資應收款的比例從7.2%改善至6.6%。
信貸損失準備金佔融資應收款的比例從25%略微下降至24.72%，反映出新LOS系統帶來的業績改善。
Business Progress:
業務進展：
Executed a $300 million ABS transaction which was well oversubscribed, demonstrating strong market demand.
Introduced risk-based pricing in several markets to better match product offerings with customer credit profiles.
Continued evolutionary improvements in underwriting performance shown by a 21% improvement in cumulative net losses.
執行了一個超額認購的30000萬美元ABS交易，展示了市場對其強勁需求。
在幾個市場推出基於風險定價，以更好地匹配產品與客戶信用檔案。
根據累積淨虧損的21%改善，繼續在覈保績效方面進行進化性改進。
Opportunities:
機會：
The extension and enhancement of the revolving credit facility and other funding programs will enable more robust financial maneuvering and potential market expansion.
The service contract period adjustment promises a continuous improvement in revenue recognition, enhancing financial outcomes.
The arrival of a new COO and the pilot implementation of risk-based pricing are operational advancements expected to enhance overall efficiency and market competitiveness.
對循環信貸額度和其他融資計劃的延長和增強將促使更穩健的財務操縱和潛在市場擴張。
服務合同期的調整承諾持續提高營業收入的確認，增強財務業績。
新首席運營官的到來和基於風險定價的試點實施是預期提高整體效率和市場競爭力的運營進步。
Risks:
風險：
Economic influence on consumer spending power and the tightening of underwriting standards may continue to impact sales volumes.
經濟對消費者支出能力的影響和核保標準的收緊可能繼續影響銷售量。
More details: America's Car-Mart IR
更多詳情：美國汽車行投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
