America's Car-Mart Names New CFO, Reports Profit

America's Car-Mart Names New CFO, Reports Profit

America's Car-Mart of Bentonville announced that Vickie Judy will become the company's chief financial officer beginning Jan. 1.

Judy has been with Car-Mart for seven years and is the company's principal accounting officer. She will replace current CFO and President Jeff Williams, who is taking over the CEO role when Hank Henderson steps down. Henderson, a 30-year Car-Mart executive, announced his retirement in August.

Car-Mart announced Judy's promotion in conjunction with its earnings for the second-quarter of fiscal 2018. The company reported revenue of $149.1 million, down slightly from $150.2 million in the same quarter a year ago.

Revenue was just under $6 million, an improvement from $5 million reported in the second quarter of fiscal 2017. Earnings per share was 79 cents, up from 62 cents a year ago.

"We are pleased with our results for the quarter and are very excited about our future," Henderson said. "The investments we have made and continue to make in the business have been made for one reason only: to improve our offering to the customers we serve, which in turn will enhance shareholder value."

Car-Mart reported selling 11,932 vehicles in the quarter, down from 12,167 in the same quarter a year ago. Car-Mart has 140 dealership in operations, down three from a year ago; sales per dealership per month remained the same at 28.4 vehicles.