America’s Car-Mart, Inc. (NASDAQ:CRMT) Q2 2023 Earnings Call Transcript

Jeff Williams: Yes. We don’t have anything specific. We’re working through the issues and putting efficiencies into the processes as quickly as possible. We expect to see some quick improvements and some of the improvements are going to take just a little bit longer. So it’s hard to be exactly specific but we do expect to see the bottom line effect of some of our improvements we’re making relatively quickly. And with a longer-term view being that we’ve got significant opportunities to pick up several hundred basis points on gross margin percentages by improvements in the areas we mentioned.

Operator: And I am showing no questions and I would like to turn the call back to Jeff Williams for closing remarks.

Jeff Williams: Okay. Once again, thank you for joining our call today. We appreciate you and your interest in America’s Car-Mart. And I’d like to, as always, say thanks to all of our great associates out there who are dedicated to keeping our customers on the road and getting them peace of mind and keeping them in the Car-Mart family for life. So thank you and have a good day.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.