Jonathan Collins will become Chief Financial Officer of America’s Car-Mart on May 12, succeeding Vickie Judy, now Chief Accounting Officer.
Quiver AI Summary
America’s Car-Mart, Inc. announced the appointment of Jonathan Collins as Chief Financial Officer (CFO), effective May 12, 2025, succeeding Vickie Judy, who will take on the role of Chief Accounting Officer (CAO). This leadership change supports the company's goal of strengthening its foundation for long-term growth. CEO Doug Campbell praised Judy for her contributions over the years and highlighted Collins's extensive experience, notably as CFO for Walmart's Africa operations, emphasizing his capability to enhance Car-Mart's financial strategies. Both Collins and Judy expressed enthusiasm for their new roles as they aim to advance the company's mission in the automotive retail sector.
Potential Positives
- Jonathan Collins, with extensive financial leadership experience including roles at Walmart's Africa retail operations, has been appointed as the new CFO, which could enhance the company's financial strategy and performance.
- The transition of Vickie Judy to Chief Accounting Officer ensures continuity in leadership and expertise, supporting the company's focus on growth and financial management.
- Doug Campbell, the CEO since October 2023, reaffirms the company's commitment to strengthening operations and attracting talent for future growth.
Potential Negatives
- Transitioning the CFO role could create uncertainty regarding financial leadership stability, especially with the former CFO moving to a different position within the company.
- The press release highlights a focus on attracting talent, which may imply that there were previous challenges or deficiencies in this area.
- Vickie Judy's transition to CAO from CFO might raise concerns about the continuity of financial strategy, given her significant contributions in the past.
FAQ
Who has been appointed as the new CFO of America’s Car-Mart?
Jonathan Collins has been appointed as the Chief Financial Officer (CFO) effective May 12, 2025.
What role will Vickie Judy transition to?
Vickie Judy will transition to the position of Chief Accounting Officer (CAO).
What experience does Jonathan Collins bring to Car-Mart?
Jonathan Collins brings extensive global financial leadership experience, including his recent role as CFO of Walmart's Africa operations.
What are America’s Car-Mart's core business focuses?
America’s Car-Mart focuses on integrated auto sales and finance within the used car market, emphasizing customer service.
How can I find more information about America’s Car-Mart?
Visit America’s Car-Mart's website at www.car-mart.com for additional information and investor presentations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CRMT Insider Trading Activity
$CRMT insiders have traded $CRMT stock on the open market 5 times in the past 6 months. Of those trades, 5 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $CRMT stock by insiders over the last 6 months:
- JONATHAN Z BUBA has made 3 purchases buying 100,000 shares for an estimated $4,383,505 and 0 sales.
- JOSHUA G WELCH has made 2 purchases buying 12,000 shares for an estimated $509,165 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CRMT Hedge Fund Activity
We have seen 67 institutional investors add shares of $CRMT stock to their portfolio, and 63 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RANGER INVESTMENT MANAGEMENT, L.P. removed 233,382 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $11,960,827
- KIZE CAPITAL LP added 215,472 shares (+inf%) to their portfolio in Q4 2024, for an estimated $11,042,940
- JEFFERIES FINANCIAL GROUP INC. removed 215,000 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $11,018,750
- SG CAPITAL MANAGEMENT LLC added 128,861 shares (+inf%) to their portfolio in Q4 2024, for an estimated $6,604,126
- ALYESKA INVESTMENT GROUP, L.P. removed 122,475 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $6,276,843
- FMR LLC added 90,296 shares (+25.1%) to their portfolio in Q4 2024, for an estimated $4,627,670
- ROYCE & ASSOCIATES LP removed 87,700 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $3,980,703
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ROGERS, Ark., May 08, 2025 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today announced that Jonathan Collins will assume the role of Chief Financial Officer (CFO) effective May 12, 2025. He will succeed Vickie Judy, who will transition to the position of Chief Accounting Officer (CAO). This transition is part of the Company’s continued focus on building a robust foundation to support long-term growth.
“Since joining the Company in 2010, Vickie has played a critical role in driving growth and shaping our success highlighted by a 450+% increase in the size of our loan portfolio. I am grateful for her continued leadership as she transitions into the CAO role,” stated Doug Campbell, CEO of Car-Mart.
Campbell continued, “Since becoming CEO in October 2023, I have emphasized our commitment to strengthening operations and attracting talent to support a larger, more complex business. Jonathan is a seasoned executive with a strong track record of driving strategic and financial performance across complex organizations. His experience will be instrumental as we diversify and enhance our capital markets, treasury, and financial planning capabilities. I am proud of the well-rounded executive team we have built as we remain focused on our mission of delivering successful outcomes to our customers and creating long-term value to our shareholders.”
Jonathan Collins stated, “I am honored to be appointed CFO and join Car-Mart’s leadership team. As a differentiated automotive retailer, I believe Car-Mart is positioned to grow, innovate, and capture significant market opportunities. I look forward to working with the team to build on the Company’s solid foundation and advance our purpose of keeping customers on the road.”
Vickie Judy commented, “It has been a privilege to be part of Car-Mart’s evolution and growth over the past 15 years. In my new role as CAO, I am excited to continue supporting the Company’s success and to work closely with Jonathan to expand our financial capabilities and take Car-Mart to the next level.”
About Jonathan Collins
Jonathan Collins brings a wealth of global financial leadership experience to Car-Mart. Most recently, he served as CFO of Walmart’s Africa retail operations, where he led all finance and real estate functions across more than 300 stores in eight African countries.
During his time at Walmart, Jonathan held several key financial roles – including Chief Accounting Officer and Controller, as well as leadership positions within FP&A, and Internal Audit – across various assignments in the U.S., Canada, India, and South Africa.
Before joining Walmart, Jonathan was a Management Consultant at KPMG, working across China, the U.S., and Australia. He specialized in CFO advisory services supporting clients on financial value creation, major transformation initiatives, and finance automation and digitization.
Prior to joining KPMG, Jonathan worked as a software developer for Alltel Information Systems, where he quickly transitioned to Chief Architect of their ERP system.
He holds a bachelor’s degree in computer science from Kennesaw State University, a bachelor’s degree in accounting from Western Governors University, and both a master’s degree in accounting and an MBA from the University of Illinois at Urbana-Champaign. Jonathan is also a Certified Public Accountant (CPA).
About America’s Car-Mart, Inc.
America’s Car-Mart, Inc. (the “Company”) operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the United States focused exclusively on the “Integrated auto Sales and Finance” segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationships with its customers. The Company operates its dealerships primarily in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. For more information about America’s Car-Mart, including investor presentations, please visit our website at www.car-mart.com .
Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements address the Company’s future objectives, plans and goals, as well as the Company’s intent, beliefs and current expectations and projections regarding future operating performance or events and can generally be identified by words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “project,” “foresee,” and other similar words or phrases. These forward-looking statements are based on the Company’s current estimates and assumptions and involve various risks and uncertainties. As a result, you are cautioned that these forward-looking statements are not guarantees of future events or performance, and that actual events or results could differ materially from those projected in these forward-looking statements. Factors that may cause actual results to differ materially from the Company’s projections include, but are not limited to:
- general economic conditions in the markets in which the Company operates, including but not limited to fluctuations in gas prices, grocery prices and employment levels and inflationary pressure on operating costs;
- the availability of quality used vehicles at prices that will be affordable to our customers, including the impacts of changes in new vehicle production and sales;
- the availability of credit facilities and access to capital through securitization financings or other sources on terms acceptable to us, and any increase in the cost of capital, to support the Company’s business;
- the Company’s ability to underwrite and collect its contracts effectively, including whether anticipated benefits from the Company’s recently implemented loan origination system are achieved as expected or at all;
- competition;
- dependence on existing management;
- ability to attract, develop, and retain qualified general managers;
- changes in consumer finance laws or regulations, including but not limited to rules and regulations that have recently been enacted or could be enacted by federal and state governments;
- the ability to keep pace with technological advances and changes in consumer behavior affecting our business;
- security breaches, cyber-attacks, or fraudulent activity;
- the ability to identify and obtain favorable locations for new or relocated dealerships at reasonable cost;
- the ability to successfully identify, complete and integrate new acquisitions;
- the occurrence and impact of any adverse weather events or other natural disasters affecting the Company’s dealerships or customers; and
- potential business and economic disruptions and uncertainty that may result from any future public health crises and any efforts to mitigate the financial impact and health risks associated with such developments.
Additionally, risks and uncertainties that may affect future results include those described from time to time in the Company’s SEC filings. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
Contact:
SM Berger & Company
Andrew Berger, Managing Director
[email protected]
(216) 464-6400