America’s Car-Mart opens dealership No. 118

America's Car-Mart Inc. announced Thursday (Dec. 6) the opening of dealership No. 118  located in Enterprise. Ala., the eleventh store in that state.

"Alabama has been a great state for us and we are excited about continuing to expand our business to more cities like Enterprise as we grow. There is no question that the folks in our Expansion Department are very good at what they do and the success we are having with our new dealership openings is certainly proof of that," said Hank Henderson, CEO and president.

"This most recent opening was our fourth new dealership for this fiscal year. We presently have five new locations secured; three of which we expect to have operating prior to the end of this quarter which will put us right on track for the full fiscal year."

The Enterprise dealership will be managed by Tonarius Gooden, according to Henderson

"Our solid financial results, strong balance sheet and competitive strengths will continue to allow us to provide the best possible service to our 55,000 active accounts and to future customers we will gain as we grow.  We continue to expect to open additional dealerships at an approximate 10% annual rate beyond fiscal 2013," said Jeff Williams, chief financial officer.