America's Car-Mart, Inc. shares dropped 8% after disappointing financial results for the final quarter of the 2024 fiscal year. Revenue exceeded forecasts, but earnings per share fell short due to rising interest expense and high provisions. America's Car-Mart saw a decline in vehicle sales, an increase in debt, and a rise in interest expense, impacting profitability and investor confidence.
U.S. stocks traded mixed toward the end of trading, with the S&P 500 gaining around 0.1% on Tuesday.
America's Car-Mart (CRMT) came out with quarterly earnings of $0.06 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.32 per share a year ago.