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BENTONVILLE, Arkansas - America’s Car-Mart Inc. (NASDAQ:CRMT) reported better-than-expected fiscal third quarter results on Thursday.
The company’s shares were up 2.61% in after-hours trading.
The used car retailer posted earnings per share of $0.37, surpassing analyst estimates of $0.11 by $0.26. Revenue for the quarter came in at $325.7 million, beating the consensus forecast of $303.26 million.
The strong top and bottom line performance drove the stock’s positive reaction after the earnings release. America’s Car-Mart’s revenue grew 7.4% compared to the same quarter last year.
The company did not provide specific forward guidance in its earnings release. However, management expressed confidence in the company’s positioning heading into the final quarter of its fiscal year.
America’s Car-Mart operates 154 automotive dealerships in 12 states, primarily in the South-Central United States. The company focuses on selling older model used vehicles and providing financing to customers.
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