America’s Car-Mart Inc. (Nasdaq: CRMT) of Rogers reported Thursday third-quarter income of $3.2 million for fiscal 2025, an increase from a loss of $8.6 million in the same quarter a year ago.
The income came on revenue of $325.7 million, up from $299.6 million a year ago. Earnings per share was 37 cents, an increase from a loss of $1.34 a year ago.
The buy-here, pay-here auto dealer reported selling 13,198 vehicles in the quarter, up from 11,664 in the same quarter of 2024. The average price per vehicle dropped to $19,275 from $19,455.
Same-store revenue growth was 3.1%, up from a negative 9.3%.
“We continue to strengthen our business by enhancing our financial flexibility, improving our operational and technology capabilities, and adding proven leaders to our team which allowed us to grow volumes, gross margin, and minimize losses during the quarter,” America’s Car-Mart CEO Doug Campbell said in the earnings report.
The results mark the second quarter of recovery after Car-Mart’s eight-quarter streak of declining profitability.
The company’s stock rose more than 13% to $44.22 Thursday morning, though it’s down 15.09% year-to-date.
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