America's Car-Mart Results Top Estimate

(RTTNews) - Automotive dealer America's Car-Mart Inc (CRMT) Wednesday reported second-quarter net earnings of $7.5 million or $0.83 per share compared with $5.8 million or $0.61 per share last year.

Revenues for the quarter were $134 million compared with $121 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.66 per share on revenues of $120.6 million for the quarter. Analysts' estimates typically exclude special items.

""We are pleased with the results for the quarter especially the improvements with our sales productivity. By focusing on affordability and offering a good mix of vehicles at all price points, we were able to increase the average retail units sold per store per month to 29.6 from 27.6 for the prior year quarter," said William Henderson, the company's chief executive officer.