AP NEWS

America’s Car-Mart: Fiscal 2Q Earnings Snapshot

November 15, 2018

BENTONVILLE, Ark. (AP) _ America’s Car-Mart Inc. (CRMT) on Thursday reported fiscal second-quarter net income of $11.3 million.

On a per-share basis, the Bentonville, Arkansas-based company said it had profit of $1.58.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The auto retailer posted revenue of $167.2 million in the period.

America’s Car-Mart shares have climbed 61 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $72, an increase of 67 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRMT at https://www.zacks.com/ap/CRMT

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