CRMT - Why Used Car Dealership Company America's Car-Mart Shares Are Diving Today | Benzinga
America's Car-Mart, Inc. (NASDAQ: CRMT) shares are trading lower after the company reported Q2 financial results.
The company reported second-quarter FY24 sales growth of 2.8% year-on-year to $361.6 million, missing the analyst consensus of $363.76 million.
The increase in revenue resulted from a 23% increase in interest income and a 5.6% increase in average retail sales price. Approximately 40% of this increase was related to the vehicle selling price.
Same-store revenue growth was 2.7% ...