NEW YORK - America's Car-Mart the largest car retailer in the world which has a pick-a-pay model saw its revenue and profit surge yesterday. The Company also repurchased 157,100 shares of its common stock during the quarter, representing approximately 1.5% of the outstanding shares and announced the opening of its 107th dealership.
The company said it made 78 cents a share in the quarter or $8.363 million. Revenue increased 16.4% to $103.4 million. The company also saw same store sales growth of 10%.
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