Car-Mart Beats Earnings Estimate By 27%

Car-Mart

America’s Car-Mart Inc. beat earnings and revenue expectations in the first quarter of fiscal 2020 as it looks to open more dealerships in the year.

After the markets closed Thursday, the Bentonville-based buy here, pay here used car dealer reported earnings for the quarter that ended July 31 rose 42.6% to $15.5 million, or $2.21 per share, from $10.87 million, or $1.53 per share, in the same period in 2018. Revenue increased by 4.8% to $171.88 million.

Car-Mart beat analysts’ earnings expectations by 48 cents, based on a consensus of five analysts. It beat revenue expectations by $2.57 million.      MORE

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