America's Car-Mart, Inc. (CRMT) Thursday reported a decline in profit for the first quarter, due mainly to higher expenses.
Net income for the quarter declined to $8.1 million from $8.3 million in the same period last year. On a per-share basis however, earnings increased to $0.83 from $0.78 last year, mainly on lower number of shares outstanding.
On average, four analysts polled by Thomson Reuters expected the company to earn $0.87 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $110 million, up 9.4 percent from $101 million last year. Same store revenue grew 5.5 percent year-over-year. Retail unit sales increased 7.8 percent to 9,753 from 9,049 last year.
Operating expenses for the quarter increased to $97 million from $87.3 million last year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.