America's Car-Mart, Inc. (NASDAQ:CRMT) Q3 2024 Earnings Conference Call March 8, 2024 11:00 AM ET

Company Participants

Vickie Judy - Chief Financial Officer

Doug Campbell - President and Chief Executive Officer

Conference Call Participants

John Murphy - Bank of America Securities

John Rowan - Janney Montgomery Scott

Derek Sommers - Jefferies

Operator

Good day, and thank you for standing by. Welcome to Americans -- America's Car-Mart's Third Quarter Fiscal 2024 Results Conference Call. At this time all participants’ are in a listen-only mode. After the speakers’ presentation there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Vickie Judy, Chief Financial Officer. Please go ahead.

Vickie Judy

Thank you. Good morning, and welcome to America's Car-Mart third quarter fiscal year 2024 earnings call for the period ending January 31, 2024.

Joining me today is Doug Campbell, our Company's President and CEO. We've issued our earnings release earlier this morning and it is available on our website, along with a slide of supplemental material. We will post the transcript of our prepared remarks following this call, and the Q&A session will be available through the webcast after the call.

During today's call, certain statements we make may be considered forward-looking and inherently involve risk and uncertainties that could cause actual results to differ materially from management's present view. These statements are made pursuant to the Safe Harbor provision 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 such forward-looking statements.

For more information, including important cautionary notes, please see Part 1 of the Company's annual report on Form 10-K for the fiscal year ended April 30, 2023, and our current and quarterly reports furnished to or filed with the Securities Exchange Commission on Forms 8-K and 10-Q.

I will now turn it over to Doug for his introductory comments about our third quarter.

Doug Campbell

Good morning, and thank you for joining us and for your interest in our Company.

I mentioned in our earnings release that sales volumes fell short of our internal expectations during the quarter. There are times when the results you produce don't align with the level of effort or output, and this was one of those quarters. I want to acknowledge the hard work of our associates, because they do so much to take care of our customers and keep them on the road. I'm very appreciative of the effort put out by the team.