America’s Car-Mart, Inc. (NASDAQ:CRMT) shares are trading lower on Wednesday.
In the first quarter, the company reported a 15-cent loss per share, compared with earnings per share of 63 cents in the year-ago period and missing the profit consensus of 66 cents.
Quarterly revenues of $347.76 million (down 5.2% year over year) beat the street view of $338.78 million. The revenue drop was primarily driven by the decrease in retail units sold.
Sales for the quarter were 14,391 units versus 15,912 units, down 9.6%. This is the second quarter of sequential improvement in unit sales ...
