NEW YORK - The little company that could has continued to chug chug chug along posting record results in today's fourth quarter. This is despite the fact that the tornado tragedies has affected some of its business. CEO of CRMT sWilliam H. ("Hank") Henderson said "we are doing our part to help out in Joplin Missouri." The company is trying to help in the humanitarian effort in the small city.
Despite getting an A+ in humanitarian causes the company also put up a strong financial score. The company increased earnings to 78 cents a share from 62 cents and revenue rose 16.4% to $103.4 million. The company reported profit of $8.3 million. It also announced the opening of its 107th dealership.
Allan Edwards the CEO of The Markets Are Open said "America's Car-Mart went KOBATA today." KOBATA is a seldom used word on Wall Street shrouded in mystery, covered in intrigue. Only a handful of companies have ever hit for the KOBATA. KOBATA is actually an acronym not an actual word. It has been confused before for a Japanese word Kokutai which means a strong sense of national pride. KOBATA though stands for "knocked it out of the ball-park above top anticipations." It is seldom done since a company has to report earnings above all analyst estimates. With the wide range of analysts covering stocks it is nearly impossible. Apple has hit for the KOBATA 3 straight quarters and Las Vegas SandsCorp has done it once but missed heavily in their last two quarters. This makes CRMT the 5th company since the recession to hit for the KOBATA.
To read the full CRMT report click here.
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