In addition to reporting earnings yesterday, America's Car-Mart announced Hank Henderson (COO) will succeed Skip Falgout as CEO, demonstrating the company has a succession plan (they were one of the few companies that never responded back to my survey.)    

As far as the results go, America's Car-Mart continues to struggle.  But it sounded like they were moving in the right direction.  Management indicated on the call that they have lowered the average term of loans to about 25 months while at the same time increasing the down payment (so hopefully making more "quality" sales,) which has been leading to lower delinquencies.    

Something I found interesting on the call was management constantly referring to efforts to improve ...

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Related Companies: America's Car-Mart