America’s Car-Mart: Fiscal 1Q Earnings Snapshot
BENTONVILLE, Ark. (AP) _ America’s Car-Mart Inc. (CRMT) on Thursday reported fiscal first-quarter profit of $15.5 million.
The Bentonville, Arkansas-based company said it had profit of $2.21 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The auto retailer posted revenue of $171.9 million in the period.
America’s Car-Mart shares have climbed 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $90.97, an increase of 40% in the last 12 months.