America's Car-Mart, Inc. (NASDAQ:CRMT) Q2 2023 Earnings Conference Call November 17, 2022 11:00 AM ET
Company Participants
Jeff Williams - President & Chief Executive Officer
Doug Campbell - President
Vickie Judy - Chief Financial Officer
Conference Call Participants
John Rowan - Janney
Kyle Joseph - Jefferies
Vincent Caintic - Stephens
Operator
Good morning, everyone. Thank you for holding, and welcome to America's Car-Mart Second Quarter Fiscal 2023 Conference Call. The topic of this call will be the earnings and operating results for the company's second quarter of fiscal year 2023.
Before we begin, today's call is being recorded and will be available for replay for the next 12 months. As a reminder, some of management's comments today may include forward-looking statements which inherently involve risks and uncertainties that could cause actual results to differ materially from management's present view. These statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. The company cannot guarantee the accuracy of any forecast or estimate, nor does it undertake any obligation to update forward-looking statements. For more information regarding forward-looking statements, please see Part 1 of the company's annual report on Form 10-K for the fiscal year ended April 30, 2022 and its current and quarterly reports furnished to or filed with the Securities and Exchange Commission on Forms 8-K and 10-Q.
Participating on the call this morning are Jeff Williams, the company's Chief Executive Officer; Doug Campbell, President; and Vickie Judy, Chief Financial Officer.
And now, I'd like to turn the call over to the company's Chief Executive Officer, Jeff Williams.
Jeff Williams
Okay. Well, thank you for joining us today and thank you for your interest in America's Car-Mart. I'd like to welcome Doug Campbell, our new President to the call and Doug will have some comments in just a few minutes. So welcome, Doug.
As stated in the press release, we are pleased with our sales volume productivity improvements and market share gains. The consumer demand for our offering is high and as credit continues to tighten, we expect demand to increase even more. Absent consumer affordability challenges, our volume and profit opportunities would be higher. We will be ready to support the expected increase in customers that we will see in the future. Our long-term outlook for the business and our place in the market is solid and the investments we're making will ensure that we continue to be the clear leader in our segment. We're excited about the addition of key leaders to our experienced and dedicated team who will be vital in our efforts going forward. We have great cultural fits with a mix of specific industry knowledge and experience and we're very excited about the initiatives and process and the opportunities we have to take the company to the next level.