America's Car Mart (CRMT) Misses Q1 EPS by 1c; Jeff Williams to Assume Role as CEO Following Retirement of Hank Henderson

America's Car Mart (NASDAQ: CRMT) reported Q1 EPS of $0.90, $0.01 worse than the analyst estimate of $0.91. Revenue for the quarter came in at $146 million versus the consensus estimate of $149.52 million.

"I have been with the Company for over 30 years now and could not be more proud of what we have built and the position the Company is in to be able to continue to prosper into the future. We have a great team in place and the time is right for me to take a step back from the day-to-day operations," said Mr. Henderson. "Effective December 31, 2017 I will be retiring as CEO, and Jeff Williams, our President, will be assuming the CEO role. Jeff has been with the Company for 12 years now and has proven himself very capable of leading our efforts. I will be moving from CEO to CEO Emeritus and Board Member, and will be serving as an advisor to Jeff and Senior Management. I am greatly looking forward to contributing in my new capacity, and I am very excited about the future of our business and the opportunities that lay before us."

For earnings history and earnings-related data on America's Car Mart (CRMT) click here.

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