Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Senior who wrote (27729)	6/27/2008 3:46:45 PM
From: Bananawind	Read Replies (2) of 78710

CRMT - Interesting how the the numbers have improved on this one in recent months. I would have expected the opposite but it appears that they are getting their act together once again. I'm not sure what it is. Good mgmt? Locations in the heartland? Demand for fuel efficient used cars? Lack of alternative financing? Whatever it is, they hit another 52 week high today. Earnings were released yesterday: Highlights of fourth quarter operating results: * Net income of $6.048 million ($.51 per diluted share) vs. $2.1 million or $.17 per diluted share for the fourth fiscal quarter of 2007 * Overall revenue increase of 29.1% with same store revenue growth of 30.3% * Retail unit sales increase of 25.3% * Net charge-offs as a percentage of average finance receivables of 5.9% compared to 8.5% for the fourth quarter of 2007 * Provision for credit losses of 20.0% of sales compared to 26.6% for the fourth quarter of 2007 * Gross margin of 43% of sales compared to 41.5% of sales for the fourth quarter of 2007 * Accounts over 30 days past due down to 3.1% at April 30, 2008 compared to 3.4% at April 30, 2007 * Finance receivables growth of $10.3 million, stock re-purchases of $1.3 million and capital expenditures of $.5 million, with a $.2 million decrease in total debt

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next