William H. "Hank" Henderson, America's Car-Mart's president and CEO.
America’s Car-Mart Inc. of Bentonville reported third-quarter earnings of $7.5 million, an increase from $1.5 million from the same quarter in 2014.
Car-Mart said diluted earnings per share were 82 cents, an increase from 16 cents in the same quarter of fiscal 2014. Car-Mart reported revenue of $131.5 million for the quarter, up from $122.6 million the year before.
The company saw unit sales increase 7.1 percent to 11,495 in the third quarter of fiscal 2015 compared to the same quarter last year. Car-Mart operates 138 dealerships in 10 states and is scheduled to open four more by the end of April.
“Our plan of focusing on solid top line growth is working out very well and we are excited about our prospects as we look forward,” said CEO Hank Henderson. “We feel very comfortable with our new store opening plans and with our ability to grow profitably into the future.
“Our decision a few years ago to continue to grow the business in a smart manner in the face of increased competitive pressures is certainly proving to be the right choice, and we are happy that so many more deserving customers will have the opportunity to succeed with Car-Mart,” he said.
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