America’s Car-Mart triples Q4 earnings, sends stock up 15%

America's Car-Mart, Inc. (Nasdaq:CRMT) announced Thursday it had tripled its fourth- quarter earnings, which sent its stock up more than 15%. The Bentonville, Ariz.-based company had net income of $6 million, or $0.51 per share, compared with $2.1 million, or $0.17 per share, for the same quarter a year ago. The fourth-quarter results beat analyst estimates of $0.29 per share. The automotive retailer said the improved earnings were the result of both improved advertising and car selections. America’s Car-Mart traded at $16.92, up about 15.1% from Wednesday’s close.

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