Car-Mart Beats Earnings Expectations

Car-Mart

America’s Car Mart beat earnings estimates but missed revenue expectations in fiscal 2019 as profit rose 30.5%, and revenue increased 9.3%. Also, the Bentonville-based buy here, pay here used car dealer plans to open two dealerships in central Arkansas soon.

After the markets closed Tuesday, Car-Mart reported earnings for the fiscal year that ended April 30 were $47.59 million, or $6.73 per share, up from $36.47 million, or $4.90 per share. Revenue was $669.12 million, up from $612.2 million.

In the fourth quarter, profit rose 43% to $14.56 million, or $2.07 per share, from $10.16 million, or $1.43 per share. Revenue increased by 4.4% to $176.88 million.     MORE

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