Car-Mart opens 140th dealership in Pryor, Okla.

by Talk Business & Politics staff ( 213 views 

Bentonville-based America’s Car-Mart has opened its 140th dealership in Pryor, Okla. On Thursday (June 28), the buy here, pay here used car dealer announced it had opened its 26th dealership in Oklahoma, and the first one in fiscal year 2019, which started May 1.

Jason Henson will manage the new dealership, and it’s his fourth to oversee. Recently, CEO Jeff Williams said Car-Mart will focus on company growth and allow its top performing managers to operate multiple dealerships.

In the fourth-quarter financial report May 21, Car-Mart announced it would open four dealerships and close one. As of the end of the fiscal 2018, which ended April 30, the company had 139 dealerships, one less than it had at the same time in 2017.

The company planned to close a dealership in Forrest City, and open dealerships in Bixby, Okla., Pryor, Montgomery, Ala., and Fayetteville.

Shares of Car-Mart (NASDAQ: CRMT) were trading at $63.30, up 75 cents, or 1.2%, as of midday Thursday (June 28). In the past 52 weeks, the stock has ranged from $68.20 to $33.05.