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

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Go back to 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 Reports Diluted Earnings per Share of $.90 on Revenues of $146 Million and Announces Future CEO Transition

August 17, 2017 5:00 PM EDT

BENTONVILLE, Ark., Aug. 17, 2017 (GLOBE NEWSWIRE) -- Americas Car-Mart, Inc. (NASDAQ: CRMT) today announced its operating results for the first quarter of fiscal year 2018.

Highlights of first quarter operating results:

Net earnings of $7.0 million $.90 per diluted share vs. $.87 per diluted share for prior year quarterRevenues flat at $146 million, current quarter includes a $2.0 million increase in interest income and same store revenue increase of 2.1%Increased sales volume productivity with 28.2 retail units sold per store per month, up from 27.9 for the prior year quarter  Average retail sales... More