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Car-Mart posts 2nd-quarter results

Posted: November 19, 2012 at 7:52 a.m.
Updated: November 19, 2012 at 5:34 p.m.

America’s Car-Mart Inc. released its fiscal 2013 second-quarter financial results Monday in a press release, with the Bentonville-based buy-here, pay-here chain of used-car lots posting a diluted earnings of .76 cents per share.

The company posted a net income of $7.3 million, with the $0.76 slightly down from $0.77 cents in the prior year quarter. Car-Mart also posted $110 million in revenues compared to $111 million in the previous year quarter.

In addition, the company opened its 117th store, this one in Oxford, Miss., and bought back 119,308 shares of common stock in the quarter, 1.3-percent of the company, for $5.25 million. Active accounts now base over 55,500, according to the release.

In August, the company reported that its diluted earnings per share increased to 83 cents from 78 cents in the same 2011 quarter, while its net income dropped to $8.1 million from $8.3 million in the year-ago period.

Senior management has scheduled a conference call for 10 a.m. Tuesday, which will be available by calling (877) 776-4031 about 10 minutes till the hour, the company said.

A replay of the call will be available two hours after the call at (855) 859-2056 using a conference ID number of 65051451, the company said. That call will be archived for 30 days.

A webcast of the call will also be available at the company’s website, www.car-mart.com.

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