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America’s Car-Mart Reports Increases in Profit, Sales for Year

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America’s Car-Mart Inc. of Bentonville reported income of $29.5 million for the fiscal year 2015, an increase of nearly 40 percent from 2014.

Car-Mart said diluted earnings per share were $3.25, up from $2.25 in 2014. Revenue rose from $489.2 million to $530.3 million, an increase of 8.4 percent.

The company also reported strong earnings for the fourth quarter of 2015, with income of $7.25 million, an increase of 13.1 percent from the same quarter a year ago. The 2014 fourth-quarter earnings had been nearly 9 percent lower from the same quarter of 2013.

Fourth-quarter revenue was 137.6 million, an increase from $122.6 million from the same quarter of 2014.

Car-Mart, which now has 141 stores in 10 states, saw strong growth in units sales in the fourth quarter and the fiscal year. The company sold 46,760 cars and trucks in 2015, and increase of 9.9 percent compared to 2014, and it sold 11,699 in the fourth quarter compared to 10,565 in the same quarter of 2014.

Car-Mart opened seven new stores in 2015 and said it has plans to open seven this coming year. Same-store revenue increased 7.5 percent in the fourth quarter of 2015 compared to 2014 while annual same-store revenue increased 2.9 percent year over year.

“As we expected, we saw a nice improvement at the top line for the quarter and are pleased to see the increase in sales productivity,” said CEO Hank Henderson in a news release. “As always, we are committed to growing our company in a healthy manner with customer success being the priority. Competition remains tough, but we know that we can execute at a much higher level.”

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