2024 Q3 Form 10-Q Financial Statement

#000117184324005205 Filed on September 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $347.8M
YoY Change -5.51%
Cost Of Revenue $186.6M
YoY Change -8.49%
Gross Profit $161.2M
YoY Change -1.8%
Gross Profit Margin 46.35%
Selling, General & Admin $142.1M
YoY Change -0.46%
% of Gross Profit 88.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.884M
YoY Change 11.28%
% of Gross Profit 1.17%
Operating Expenses $144.0M
YoY Change -0.32%
Operating Profit $17.18M
YoY Change -12.64%
Interest Expense -$18.31M
YoY Change 28.29%
% of Operating Profit -106.62%
Other Income/Expense, Net
YoY Change
Pretax Income -$1.183M
YoY Change -122.66%
Income Tax -$219.0K
% Of Pretax Income
Net Earnings -$974.0K
YoY Change -123.32%
Net Earnings / Revenue -0.28%
Basic Earnings Per Share -$0.15
Diluted Earnings Per Share -$0.15
COMMON SHARES
Basic Shares Outstanding 6.397M
Diluted Shares Outstanding 6.397M

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.748M
YoY Change -24.63%
Cash & Equivalents $4.748M
Short-Term Investments
Other Short-Term Assets $33.07M
YoY Change 48.3%
Inventory $114.5M
Prepaid Expenses
Receivables $7.507M
Other Receivables $938.0K
Total Short-Term Assets $160.8M
YoY Change 1.97%
LONG-TERM ASSETS
Property, Plant & Equipment $59.79M
YoY Change -1.43%
Goodwill $22.90M
YoY Change 95.73%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $93.87M
YoY Change 9.28%
Total Long-Term Assets $1.370B
YoY Change 1.74%
TOTAL ASSETS
Total Short-Term Assets $160.8M
Total Long-Term Assets $1.370B
Total Assets $1.531B
YoY Change 1.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $35.58M
YoY Change 11.54%
Accrued Expenses $88.57M
YoY Change 0.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $124.2M
YoY Change 3.64%
LONG-TERM LIABILITIES
Long-Term Debt $782.3M
YoY Change 10.06%
Other Long-Term Liabilities $136.4M
YoY Change 2.6%
Total Long-Term Liabilities $918.7M
YoY Change 8.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $124.2M
Total Long-Term Liabilities $918.7M
Total Liabilities $1.060B
YoY Change 6.01%
SHAREHOLDERS EQUITY
Retained Earnings $653.4M
YoY Change -5.3%
Common Stock $115.5M
YoY Change 2.97%
Preferred Stock
YoY Change
Treasury Stock (at cost) $297.8M
YoY Change 0.11%
Treasury Stock Shares
Shareholders Equity $471.1M
YoY Change
Total Liabilities & Shareholders Equity $1.531B
YoY Change 1.76%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income -$974.0K
YoY Change -123.32%
Depreciation, Depletion And Amortization $1.884M
YoY Change 11.28%
Cash From Operating Activities -$14.97M
YoY Change -67.02%
INVESTING ACTIVITIES
Capital Expenditures $986.0K
YoY Change 16.0%
Acquisitions
YoY Change
Other Investing Activities -$7.527M
YoY Change -1520.19%
Cash From Investing Activities -$8.513M
YoY Change 901.53%
FINANCING ACTIVITIES
Cash Dividend Paid $10.00K
YoY Change 0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 27.66M
YoY Change -60.72%
NET CHANGE
Cash From Operating Activities -14.97M
Cash From Investing Activities -8.513M
Cash From Financing Activities 27.66M
Net Change In Cash 4.174M
YoY Change -82.73%
FREE CASH FLOW
Cash From Operating Activities -$14.97M
Capital Expenditures $986.0K
Free Cash Flow -$15.96M
YoY Change -65.5%

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151798000 usd
CY2023Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
273319000 usd
CY2024Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27659000 usd
CY2023Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
70416000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4174000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24167000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
98621000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
92201000 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
470750000 usd
CY2024Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
76000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 usd
CY2024Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
24000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1325000 usd
CY2024Q3 us-gaap Dividends
Dividends
10000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
-964000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
471153000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
498547000 usd
CY2023Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
78000 usd
CY2023Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-455000 usd
CY2023Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
68000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2451000 usd
CY2023Q3 us-gaap Dividends
Dividends
10000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
4186000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
504729000 usd
CY2024Q3 crmt Number Of Dealerships Operated
NumberOfDealershipsOperated
156 pure
CY2024Q3 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"><i>Reclassifications</i></p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 25pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 25pt;">Accident protection plan (“APP”) reserves in the amount of approximately $11.7 million and Wholesales Sales of $1.2 million in the prior year financial statements were reclassified to conform with the current year presentation. As of July 31, 2023, APP reserves of $5.8 million were reclassed out of accrued liabilities to reserve against finance receivables and $5.9 million of estimated APP insurance receivables were reclassed out of finance receivables to prepaid expenses and other assets. For the three months ended July 31, 2023, $1.2 million of Wholesales sales were reclassed out of Wholesales – third party sales to Cost of Goods Sold. The reclassification had no effect on the prior year net income or shareholder’s equity.</p>
CY2024Q3 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;"><i>Use of Estimates</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 25pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates. Significant estimates include the Company’s allowance for credit losses.</p>
CY2024Q3 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;"><i>Concentration of Risk</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 25pt;">The Company provides financing in connection with the sale of substantially all of its vehicles. These sales are made primarily to customers residing in Alabama, Arkansas, Georgia, Illinois, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee, and Texas, with approximately 29% of current period revenues resulting from sales to Arkansas customers.</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 25pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify; text-indent: 25pt;">As of July 31, 2024, and periodically throughout the period, the Company maintained cash in financial institutions in excess of the amounts insured by the federal government. The cash is held in several highly rated banking institutions. The Company regularly monitors its counterparty credit risk and mitigates exposure by limiting the amount it invests in one institution.</p>
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
93873000 usd
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
88925000 usd
CY2024Q3 crmt Average Finance Receivable Interest Rate
AverageFinanceReceivableInterestRate
0.174 pure
CY2024Q3 crmt Financing Receivable Interest Rate
FinancingReceivableInterestRate
0.1825 pure
CY2024Q3 crmt Financing Receivable Interest Rate
FinancingReceivableInterestRate
0.18 pure
CY2024Q3 us-gaap Interest Receivable
InterestReceivable
7500000 usd
CY2024Q2 us-gaap Interest Receivable
InterestReceivable
6900000 usd
CY2024Q3 crmt Finance Receivables Customer Payments Due Either Weekly Or Bi Weekly Percentage
FinanceReceivablesCustomerPaymentsDueEitherWeeklyOrBiWeeklyPercentage
0.78 pure
CY2024Q3 crmt Financing Receivable Greater Than Or Equal To30 Days Past Due Percent Of Portfolio
FinancingReceivableGreaterThanOrEqualTo30DaysPastDuePercentOfPortfolio
0.035 pure
CY2024Q2 crmt Financing Receivable Greater Than Or Equal To30 Days Past Due Percent Of Portfolio
FinancingReceivableGreaterThanOrEqualTo30DaysPastDuePercentOfPortfolio
0.031 pure
CY2024Q3 crmt Allowance For Credit Losses Primary Factor Units Repossessed Or Charged Off Evaluation Period
AllowanceForCreditLossesPrimaryFactorUnitsRepossessedOrChargedOffEvaluationPeriod
P70Y
CY2024Q3 crmt Financing Receivable Weighted Average Total Contract Term
FinancingReceivableWeightedAverageTotalContractTerm
P48M3D
CY2024Q3 crmt Financing Receivable Remaining Contract Term
FinancingReceivableRemainingContractTerm
P36M3D
CY2024Q3 crmt Financing Receivables Allowance For Credit Losses And Other Losses
FinancingReceivablesAllowanceForCreditLossesAndOtherLosses
334400000 usd
CY2024Q3 srt Financing Receivable Allowance For Credit Loss To Outstanding Percent
FinancingReceivableAllowanceForCreditLossToOutstandingPercent
0.25 pure
CY2024Q3 crmt Finance Receivable Principal Balance
FinanceReceivablePrincipalBalance
1500000000 usd
CY2024Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
46000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
22900000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
14400000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.185 pure
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.198 pure
CY2023Q3 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
130000 usd
CY2024Q3 us-gaap Open Tax Year
OpenTaxYear
2021
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
287248000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
310337000 usd
CY2024Q3 crmt Financing Receivable Recorded Investment Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentGreaterThan90DaysPastDue
5600000 usd
CY2023Q3 crmt Financing Receivable Recorded Investment Greater Than90 Days Past Due
FinancingReceivableRecordedInvestmentGreaterThan90DaysPastDue
4900000 usd
CY2024Q3 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
1200000 usd
CY2024Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
12600000 usd
CY2023Q3 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
130000 usd
CY2024Q3 crmt Treasury Stock Shares To Establish Reserve Account To Secure Service Contracts
TreasuryStockSharesToEstablishReserveAccountToSecureServiceContracts
10000
CY2024Q3 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
1883106000 usd
CY2024Q2 us-gaap Financing Receivable Before Allowance For Credit Loss And Fee
FinancingReceivableBeforeAllowanceForCreditLossAndFee
1844392000 usd
CY2024Q3 us-gaap Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
417847000 usd
CY2024Q2 us-gaap Deferred Discounts Finance Charges And Interest Included In Receivables
DeferredDiscountsFinanceChargesAndInterestIncludedInReceivables
409004000 usd
CY2024Q3 crmt Finance Receivable Principal Balance
FinanceReceivablePrincipalBalance
1465259000 usd
CY2024Q2 crmt Finance Receivable Principal Balance
FinanceReceivablePrincipalBalance
1435388000 usd
CY2024Q3 crmt Financing Receivable Insurance Receivables For App Claims
FinancingReceivableInsuranceReceivablesForAPPClaims
2468000 usd
CY2024Q2 crmt Financing Receivable Insurance Receivables For App Claims
FinancingReceivableInsuranceReceivablesForAPPClaims
3026000 usd
CY2024Q3 crmt Financing Receivables Allowance For App Claims
FinancingReceivablesAllowanceForAPPClaims
2757000 usd
CY2024Q2 crmt Financing Receivables Allowance For App Claims
FinancingReceivablesAllowanceForAPPClaims
3171000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
334424000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
331260000 usd
CY2024Q3 crmt Financing Receivable After Allowance For Credit Loss Before Loan Costs
FinancingReceivableAfterAllowanceForCreditLossBeforeLoanCosts
1125610000 usd
CY2024Q2 crmt Financing Receivable After Allowance For Credit Loss Before Loan Costs
FinancingReceivableAfterAllowanceForCreditLossBeforeLoanCosts
1097931000 usd
CY2024Q3 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
661000 usd
CY2024Q2 us-gaap Financing Receivable Unamortized Loan Fee Cost
FinancingReceivableUnamortizedLoanFeeCost
660000 usd
CY2024Q3 us-gaap Notes Receivable Net
NotesReceivableNet
1126271000 usd
CY2024Q2 us-gaap Notes Receivable Net
NotesReceivableNet
1098591000 usd
CY2024Q2 crmt Financing Receivable After Allowance For Credit Loss Before Loan Costs
FinancingReceivableAfterAllowanceForCreditLossBeforeLoanCosts
1097931000 usd
CY2023Q2 crmt Financing Receivable After Allowance For Credit Loss Before Loan Costs
FinancingReceivableAfterAllowanceForCreditLossBeforeLoanCosts
1062760000 usd
CY2024Q3 crmt Finance Receivable Originations
FinanceReceivableOriginations
271756000 usd
CY2023Q3 crmt Finance Receivable Originations
FinanceReceivableOriginations
297732000 usd
CY2024Q3 crmt Finance Receivable Collections
FinanceReceivableCollections
112358000 usd
CY2023Q3 crmt Finance Receivable Collections
FinanceReceivableCollections
109291000 usd
CY2024Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
95423000 usd
CY2023Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
96323000 usd
CY2024Q3 crmt Losses On Claims For Payment Protection Plan
LossesOnClaimsForPaymentProtectionPlan
9321000 usd
CY2023Q3 crmt Losses On Claims For Payment Protection Plan
LossesOnClaimsForPaymentProtectionPlan
7769000 usd
CY2024Q3 crmt Inventory Acquired In Repossession And Payment Protection Plan Claims
InventoryAcquiredInRepossessionAndPaymentProtectionPlanClaims
26975000 usd
CY2023Q3 crmt Inventory Acquired In Repossession And Payment Protection Plan Claims
InventoryAcquiredInRepossessionAndPaymentProtectionPlanClaims
32590000 usd
CY2024Q3 crmt Financing Receivable After Allowance For Credit Loss Before Loan Costs
FinancingReceivableAfterAllowanceForCreditLossBeforeLoanCosts
1125610000 usd
CY2023Q3 crmt Financing Receivable After Allowance For Credit Loss Before Loan Costs
FinancingReceivableAfterAllowanceForCreditLossBeforeLoanCosts
1114519000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
331260000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
299608000 usd
CY2024Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
95423000 usd
CY2023Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
96323000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
121605000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
112745000 usd
CY2024Q3 crmt Financing Receivable Allowance For Credit Loss Recovered Collateral
FinancingReceivableAllowanceForCreditLossRecoveredCollateral
29346000 usd
CY2023Q3 crmt Financing Receivable Allowance For Credit Loss Recovered Collateral
FinancingReceivableAllowanceForCreditLossRecoveredCollateral
31256000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
334424000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
314442000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
772000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
640000 usd
CY2024Q3 srt Financing Receivable Allowance For Credit Loss To Outstanding Percent
FinancingReceivableAllowanceForCreditLossToOutstandingPercent
0.25 pure
CY2024Q2 srt Financing Receivable Allowance For Credit Loss To Outstanding Percent
FinancingReceivableAllowanceForCreditLossToOutstandingPercent
0.2532 pure
CY2024Q3 crmt Provision For Credit Losses Resulting Benefit From Increase Decrease
ProvisionForCreditLossesResultingBenefitFromIncreaseDecrease
4300000 usd
CY2024Q3 crmt Finance Receivable Principal Balance
FinanceReceivablePrincipalBalance
1465259000 usd
CY2024Q3 crmt Financing Receivable Percent Of Portfolio
FinancingReceivablePercentOfPortfolio
1 pure
CY2024Q2 crmt Finance Receivable Principal Balance
FinanceReceivablePrincipalBalance
1435388000 usd
CY2024Q2 crmt Financing Receivable Percent Of Portfolio
FinancingReceivablePercentOfPortfolio
1 pure
CY2023Q3 crmt Finance Receivable Principal Balance
FinanceReceivablePrincipalBalance
1440707000 usd
CY2023Q3 crmt Financing Receivable Percent Of Portfolio
FinancingReceivablePercentOfPortfolio
1 pure
CY2024Q3 crmt Average Collected Amount Per Customer Per Month
AverageCollectedAmountPerCustomerPerMonth
562000 usd
CY2023Q3 crmt Average Collected Amount Per Customer Per Month
AverageCollectedAmountPerCustomerPerMonth
535000 usd
CY2024Q3 crmt Principal Collected As A Percent Of Average Financing Receivables
PrincipalCollectedAsAPercentOfAverageFinancingReceivables
0.078 pure
CY2023Q3 crmt Principal Collected As A Percent Of Average Financing Receivables
PrincipalCollectedAsAPercentOfAverageFinancingReceivables
0.078 pure
CY2024Q3 crmt Average Downpayment Percentage
AverageDownpaymentPercentage
0.052 pure
CY2023Q3 crmt Average Downpayment Percentage
AverageDownpaymentPercentage
0.05 pure
CY2024Q3 crmt Average Originating Contract Term
AverageOriginatingContractTerm
P44M9D
CY2023Q3 crmt Average Originating Contract Term
AverageOriginatingContractTerm
P44M21D
CY2024Q3 crmt Portfolio Weighted Average Contract Term Including Modifications
PortfolioWeightedAverageContractTermIncludingModifications
P48M3D
CY2023Q3 crmt Portfolio Weighted Average Contract Term Including Modifications
PortfolioWeightedAverageContractTermIncludingModifications
P46M27D
CY2024Q3 crmt Collections As Percentage Of Average Financing Receivables
CollectionsAsPercentageOfAverageFinancingReceivables
0.05 pure
CY2024Q3 crmt Increase Decrease In Average Selling Price
IncreaseDecreaseInAverageSellingPrice
451 usd
CY2024Q3 crmt Increase Decrease In Average Selling Price Percentage
IncreaseDecreaseInAverageSellingPricePercentage
0.024 pure
CY2024Q3 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
261944000 usd
CY2024Q3 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
710136000 usd
CY2024Q3 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
351858000 usd
CY2024Q3 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
122381000 usd
CY2024Q3 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
17215000 usd
CY2024Q3 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
1725000 usd
CY2024Q3 crmt Finance Receivable Principal Balance
FinanceReceivablePrincipalBalance
1465259000 usd
CY2024Q3 crmt Financing Receivable Percent Of Portfolio
FinancingReceivablePercentOfPortfolio
1 pure
CY2024Q3 us-gaap Financing Receivable Year One Originated Current Fiscal Year Writeoff
FinancingReceivableYearOneOriginatedCurrentFiscalYearWriteoff
2619000 usd
CY2024Q3 us-gaap Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
70413000 usd
CY2024Q3 us-gaap Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
36752000 usd
CY2024Q3 us-gaap Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
10578000 usd
CY2024Q3 us-gaap Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
1048000 usd
CY2024Q3 us-gaap Financing Receivable Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
195000 usd
CY2024Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
121605000 usd
CY2023Q3 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
296860000 usd
CY2023Q3 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
758830000 usd
CY2023Q3 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
309379000 usd
CY2023Q3 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
69511000 usd
CY2023Q3 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
4936000 usd
CY2023Q3 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
1191000 usd
CY2023Q3 crmt Finance Receivable Principal Balance
FinanceReceivablePrincipalBalance
1440707000 usd
CY2022Q4 crmt Financing Receivable Percent Of Portfolio
FinancingReceivablePercentOfPortfolio
1 pure
CY2023Q3 us-gaap Financing Receivable Year One Originated Current Fiscal Year Writeoff
FinancingReceivableYearOneOriginatedCurrentFiscalYearWriteoff
3239000 usd
CY2023Q3 us-gaap Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
75308000 usd
CY2023Q3 us-gaap Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
28036000 usd
CY2023Q3 us-gaap Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
5577000 usd
CY2023Q3 us-gaap Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
441000 usd
CY2023Q3 us-gaap Financing Receivable Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
144000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
112745000 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
51759000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
49906000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
59793000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
60361000 usd
CY2024Q3 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
9606000 usd
CY2024Q2 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
10774000 usd
CY2024Q3 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
4808000 usd
CY2024Q2 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
6234000 usd
CY2024Q3 crmt Fair Value Of Contingent Consideration Liability
FairValueOfContingentConsiderationLiability
6536000 usd
CY2024Q2 crmt Fair Value Of Contingent Consideration Liability
FairValueOfContingentConsiderationLiability
3193000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
8127000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
5406000 usd
CY2024Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
32547000 usd
CY2024Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
27828000 usd
CY2024Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
782340000 usd
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
754448000 usd
CY2022Q4 crmt Fair Value Inputs Discount Rate Intercompany Transactions
FairValueInputsDiscountRateIntercompanyTransactions
0.385 pure
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6396757
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6381704
CY2024Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
253298
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6396757
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6635002
CY2024Q3 crmt Minimum Exercise Price As A Percentage Of Fair Market Value At Date Of Grant
MinimumExercisePriceAsAPercentageOfFairMarketValueAtDateOfGrant
1 pure
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
2034-05-09
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
90233
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y10M24D
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0513 pure
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0366 pure
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.60 pure
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.58 pure
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
22281
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
35000
CY2024Q3 crmt Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
350000 usd
CY2023Q3 crmt Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateFairValue
1500000 usd
CY2024Q3 crmt Stock Options Exercised
StockOptionsExercised
0
CY2023Q3 crmt Stock Options Exercised
StockOptionsExercised
30000
CY2024Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2023Q3 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1036000 usd
CY2024Q3 crmt Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Through Net Settlements
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedThroughNetSettlements
30000
CY2024Q3 crmt Share Based Compensation Arrangement By Share Based Payment Award Options Reduction In Shares Issued To Satisfy The Exercise Price And Applicable Withholding Taxes
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsReductionInSharesIssuedToSatisfyTheExercisePriceAndApplicableWithholdingTaxes
23507
CY2024Q3 crmt Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Through Net Settlements Net Of Shares To Satisfy The Exercise Price And Applicable Withholding Taxes
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedThroughNetSettlementsNetOfSharesToSatisfyTheExercisePriceAndApplicableWithholdingTaxes
6493
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4800000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
25800000 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
446234
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
4100000 usd
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P4Y8M12D
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
76.89
CY2024Q3 crmt Operating Lease Percent Of Facilities Leased
OperatingLeasePercentOfFacilitiesLeased
0.86 pure
CY2024Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
2600000 usd
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
2200000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049 pure
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7710000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9876000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9277000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8608000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
7713000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
48636000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
91820000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
21130000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
70690000 usd
CY2024Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3900000 usd
CY2023Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2900000 usd
CY2024Q3 us-gaap Interest Paid Net
InterestPaidNet
17062000 usd
CY2023Q3 us-gaap Interest Paid Net
InterestPaidNet
15306000 usd
CY2024Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1297000 usd
CY2023Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
135000 usd
CY2024Q3 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
26975000 usd
CY2023Q3 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
32590000 usd
CY2024Q3 crmt Net Settlement Option Exercises
NetSettlementOptionExercises
0 usd
CY2023Q3 crmt Net Settlement Option Exercises
NetSettlementOptionExercises
1646000 usd
CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
384000 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2024Q3 crmt Rightofuse Asset Obtained In Exchange For Operating Lease Liability Through Acquisitions
RightofuseAssetObtainedInExchangeForOperatingLeaseLiabilityThroughAcquisitions
7433000 usd
CY2023Q3 crmt Rightofuse Asset Obtained In Exchange For Operating Lease Liability Through Acquisitions
RightofuseAssetObtainedInExchangeForOperatingLeaseLiabilityThroughAcquisitions
0 usd

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0001171843-24-005205.txt Edgar Link pending
0001171843-24-005205-xbrl.zip Edgar Link pending
crmt-20240731.xsd Edgar Link pending
crmt20240731_10q.htm Edgar Link pending
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