America's Car-Mart Beats on Top and Bottom Lines (CRMT)

America's Car-Mart Inc. (CRMT) reports Q2 EPS of $0.70 versus estimates of $0.68. America's Car-Mart Inc. reports revenues of $91.5 million versus estimates of $91.47 million. Revenues increased 9.2% year over year. The company reported debt to equity of 24.9% and debt to finance receivables of 16.3%. "It goes without saying that our growth will continue. Our current plans are to add 6 to 8 new locations during the remainder of this fiscal year, and then open new dealerships at an approximate rate of 10% for the next several years," added Mr. Henderson. "Additionally, we are very excited that we will be opening our 100th dealership very soon and will be making that announcement within the next few weeks." Shares of CRMT are flat in the after-hours trade.
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Posted In: EarningsNewsGuidanceAfter-Hours CenterAutomotive RetailConsumer Discretionary
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