America's Car Mart (NASDAQ: CRMT) reported Q2 EPS of $0.79, in-line with the analyst estimate of $0.79. Revenue for the quarter came in at $149 million versus the consensus estimate of $151.85 million.

Highlights of second quarter operating results:

• Net earnings of $6.0 million – $.79 per diluted share vs. net earnings of $5.0 million – $.62 per diluted share for prior year quarter
• Revenues of $149 million compared to $150 million for the prior year quarter, current quarter includes a $1.7 million increase in interest income and same store revenue increase of 0.6%
• Sales volume productivity was flat with 28.4 retail units sold per store per month
• Average retail sales price decreased $73 to $10,418 or 0.7% from the prior year quarter
• Gross profit margin percentage increased to 42.0% from 41.4% for the prior year quarter
• Collections as a percentage of average finance receivables decreased to 12.2% from 12.6% for the prior year quarter. The weighted average contract term increased to 32.5 months from 31.7 from the prior year quarter and decreased from 32.6 for the first quarter of fiscal 2018
• Net Charge-offs as a percent of average finance receivables of 7.5%, down from 7.7% for prior year quarter
• Accounts over 30 days past due decreased to 4.1% from 4.8% at October 31, 2016
• Average percentage of finance receivables current was 80%, flat from October 31, 2016
• Provision for credit losses of 29.7% of sales vs. 29.6% for prior year quarter
• Selling, general and administrative expenses at 18.2% of sales vs. 17.0% for prior year quarter
• Income tax benefit of $612,000 ($.08 per diluted share) related to share based compensation pursuant to accounting standard ASU 2016-09, adopted in May 2017
• Active accounts base approximately 69,900, an increase of approximately 3,100 from April 30, 2017
• Debt to equity of 60.8% and debt to finance receivables of 28.0% (53.1% and 26.3% at 10/31/16)
• Strong cash flows supporting the $8.8 million increase in finance receivables, $577,000 increase in inventory, $345,000 in net capital expenditures and $16.4 million in common stock repurchases (406,930 shares) with a $20.3 increase in total debt

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