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Carma Limited (ASX:CMA)

ALERT: Price-sensitive ASX Announcement for CMA
Current share price for CMA : $0.765 0.04 (5.52%)+
Announcement
Release
29 Apr 2026 9:38AM
Price at Release
$0.725
Full Release
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Summary
Carma Limited's Quarterly Activity Report and Appendix 4C Cash Flow Report for the quarter ending 31 March 2026 highlights significant growth and financial activities. The company reported total sales of 1,344 units, an increase of 118% from the prior corresponding period, with a revenue of $28.7 million, up 94% on the previous year. The gross profit per retail unit rose to $3,800, representing a 32% increase. Carma's vehicle inventory grew by $6.0 million, funded from cash reserves. The company had $36.3 million in cash and $12.1 million in unused finance facilities available at the end of the quarter. Carma's bailment finance facility, provided by Volkswagen Financial Services, has a limit of $30 million with $2.3 million drawn at the quarter's end. The estimated quarters of funding available are 3.9 quarters, based on current cash outflows. The company's 'Sell-to Carma' initiative has been a significant driver of vehicle acquisitions, accounting for the majority of purchases. Carma has also expanded its geographical coverage with a new location in Newcastle, bringing the total to eight locations.
Key Points
  • 1,344 total units sold, up 118% on prior corresponding period.
  • Total revenue of $28.7 million, up 94% on prior year.
  • Gross profit of $3.0 million, an increase of 128% on prior year.
  • Average retail units reconditioned per shift increased by 149%.
  • Cash and cash equivalents at end of period: $36.3 million.
  • Unused finance facilities available: $12.1 million.
  • Bailment finance facility provided by Volkswagen Financial Services.
  • Estimated quarters of funding available: 3.9 quarters.
  • Expansion to eight locations with a new site in Newcastle.
  • Sell-to Carma initiative accounts for the majority of vehicle acquisitions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.