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