America’s Car-Mart reported diluted earnings per share (EPS) of $0.38 versus $0.36 in the fiscal 4Q. The company had total revenue growth of 13%, with 8.3% same-store sales improvement. The company had an increase in Finance receivables during the quarter of 5.3%. However, in the release management said: "However, our gross profit percentage decreased by 2.0% for the year, most of which can be attributed to an increase in the cost of vehicles, as well as higher expenses associated with preparing vehicles for sale. We are beginning to see some improvement in this area by modifying our purchasing to capitalize on our size and multi-regional presence to acquire adequate inventory at reasonable prices while ...

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Related Companies: America's Car-Mart