America's Car Mart (CRMT) Says Company-Specific Issues and Increased Competition Impacted 2Q Results; Jefferies Cuts Price Target to $29
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America's Car-Mart Reports Loss per Share of ($.06) on Revenues of $133 Million (Results Reflect a $3 Million, or $.34 per Diluted Share, Non-Cash After-Tax Charge Resulting From an Increase to t
November 19, 2015 6:18 PM ESTBENTONVILLE, Ark., Nov. 19, 2015 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) today announced its operating results for the second quarter of fiscal 2016.
Highlights of second quarter operating results:
Net loss of $0.5 million ($.06) per share (earnings of $.29 per diluted share excluding a $3 million non-cash after-tax charge resulting from an increase to the allowance for credit losses) vs. $.83 per diluted share for prior year quarter Revenues of $133 million compared to $134 million for the prior year quarter with same store revenue decrease of 3.4% Retail unit sales decrease of 10% to 10,881 from... MoreAmerica's Car-Mart Reports Loss per Share of ($.06) on Revenues of $133 Million (Results Reflect a $3 Million, or $.34 per Diluted Share, Non-Cash After-Tax Charge Resulting From an Increase to t
November 19, 2015 6:18 PM ESTBENTONVILLE, Ark., Nov. 19, 2015 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) today announced its operating results for the second quarter of fiscal 2016.
Highlights of second quarter operating results:
Net loss of $0.5 million ($.06) per share (earnings of $.29 per diluted share excluding a $3 million non-cash after-tax charge resulting from an increase to the allowance for credit losses) vs. $.83 per diluted share for prior year quarter Revenues of $133 million compared to $134 million for the prior year quarter with same store revenue decrease of 3.4% Retail unit sales decrease of 10% to 10,881 from... More