Bentonville-based America's Car-Mart is expected to report a profit when it releases its fourth quarter and year-end earnings today after the market closes.
A consensus of four analysts is predicting earnings per share of $1.51 for the fourth quarter and revenue of $175.29 million.
A conference call with company management and analysts is scheduled for 10 a.m. Friday. Live audio of the call will be available at (877) 776-4031 and a webcast will be available at the Car-Mart website, www.car-mart.com.
In late March, Car-Mart said it would borrow up to an additional $30 million under an established loan and security agreement as a precautionary measure in the face of the coronavirus outbreak. Earlier in the month, the company created a task force to deal with the effects coronavirus is having on its business and customers.
The buy-here, pay-here used-car dealer serves consumers who often have little or no credit. Car-Mart has more than 81,000 customers and more than 2,000 employees, and it operates 145 dealerships in Alabama, Arkansas, Georgia, Indiana, Iowa, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee and Texas.
Business on 05/21/2020
Print Headline: Car-Mart to report today on 4Q, year-end earnings