America's Car Mart, Inc. (CRMT) Misses Q3 EPS by 2c

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Go back to America's Car Mart, Inc. (CRMT) Misses Q3 EPS by 2c

America's Car-Mart Reports Diluted Earnings per Share of $.16 (Reflects a $4.9 Million, or $.52 per Diluted Share, Non-Cash After-Tax Charge Resulting From an Increase to the Allowance for Credit

February 18, 2014 7:05 PM EST

BENTONVILLE, Ark., Feb. 18, 2014 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (Nasdaq: CRMT) today announced its operating results for the third quarter of fiscal 2014.

Highlights of third quarter operating results:

Net income of $1.5 million - $.16 per diluted share ($.68 per diluted share excluding a $4.9 million non-cash after-tax charge resulting from an increase to the allowance for credit losses) vs. $.84 per diluted share for prior year quarter Revenues of $123 million compared to $119 million for the prior year quarter with same store revenue decrease of 2.8% Retail unit sales increase of 3.2% to... More