America’s Car-Mart reports Q2 EPS 61c, consensus (10c)

Reports Q2 revenue $347.3M, consensus $344.37M. President and CEO Doug Campbell commentary: “As we navigated industry and economic pressures, we made strategic decisions to ensure we exited stronger and better positioned to profitably grow our market share during the second half of the fiscal year. I am pleased with our progress, as we continue to benefit from our enhanced underwriting or loan origination system (LOS). We improved deal structures, generated higher down payments, and benefited from higher collections and gross margins. We continue to focus on improving affordability for customers by reducing the average retail price. We’re closely managing expenses during ongoing implementation of technology upgrades to strengthen our operations. We believe Car-Mart is well positioned for future growth and profitability.”