Car-Mart Stock Rises More Than 10% After Earnings Report

For the second consecutive quarter in fiscal 2019, America’s Car-Mart stock price jumped more than 10% the day after its earnings report, and as of midday Friday (Nov. 16), shares of Car-Mart (NASDAQ: CRMT) were trading at $84.50, up $12.50, or 17.4%. Also Friday, executives of the Bentonville-based buy here, pay here used car dealer also provided updates to its management recruitment and training program, advertising spending and buyers in an earnings call.

After the markets closed Nov. 15, the company reported earnings rose 89% to $11.281 million, or $1.58 per share, in the quarter that ended Oct. 31. Revenue increased 12.1% to $167.171 million. Earnings beat estimates by 42 cents, and revenue beat estimates by $5.731 million.    MORE

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