America?s Car-Mart Opens Two Dealerships
by January 16, 2006 12:00 am 100 views
America’s Car-Mart Inc. of Bentonville announced on Dec. 29 the opening of two new dealerships — in West Plains, Mo., and in Claremore, Okla. — bringing the total number of Car-Mart dealerships to 83.
The dealership in West Plains is the company’s ninth in Missouri, and the dealership in Claremore is its 14th in Oklahoma, said T. J. “Skip” Falgout III, chairman and CEO.
“These dealerships are both fill-in locations in existing markets where we should be able to capitalize on Car-Mart’s strong name recognition and outstanding reputation for providing quality vehicles and great customer service,” Falgout said.
Earlier in December, the company reported that second-quarter profit fell 36 percent from the same quarter last year on a 9.5 percent revenue increase. The company, which sells used cars, reported revenue of $55.2 million for the quarter, up from $50.5 million during the same quarter last year. Same-store sales increased 5.9 percent.
But profits dropped to $2.8 million, or 23 cents per share, from $4.4 million, or 37 cents per share, last year.