America's Car Mart, Inc. (CRMT) Tops Q1 EPS by 17c

America's Car Mart, Inc. (NASDAQ: CRMT) reported Q1 EPS of $0.79, $0.17 better than the analyst estimate of $0.62. Revenue for the quarter came in at $127 million versus the consensus estimate of $116.33 million.

"We are pleased with our results for the quarter, especially the sequential improvement in per store productivity. We continue to get better with our lot level execution on the sales side and will push hard with our 33 + year effort to attract good, hard-working customers looking for quality vehicles, affordable payment terms and excellent service. We have always known that how we serve our customers is the absolute best way to maximize their success potential and to help them own their vehicles at the end of the contract term. Our success in the current environment is proving this out as we expected," said William H. ("Hank") Henderson, President and Chief Executive Officer of America's Car-Mart (the "Company"). "As we have mentioned previously, we are proud of the fact that our average retail sales price has decreased making our offering more affordable for our customers. While other finance companies are seeing significant increases in average contract balances and term lengths, we continue to swim upstream by taking the longer term view from our customers' perspective. Our average contract balance and our average originating term are both down from this time last year. We will continue to do everything in our power to help customers succeed. That has been and will always be our primary focus."

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

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