NEW YORK - America's Car-Mart known for selling great vehicles at cheap prices, reported its Q3 results on February 18. Since then the stock has remained mostly flat despite improving metrics. Colloquially referred to as America's sweetheart by customers because the company puts people in cars who would usually not be able to afford them. The company earned net income of 53 cents a share or $5.7 million. Revenue rose by 10% while same store sales growth rose by 6%.
The company has bought 10% of its outstanding shares in the last year. and continues to buy back shares. In its latest quarter it bought back 1.9% of the outstanding stock.
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