America's Car-Mart Rises on Better-Than-Expected 2Q Revenue, $300 Million Term Loan
By Kelly Cloonan
Shares of America's Car-Mart climbed after the company posted second-quarter sales above Wall Street's expectations and said it closed a $300 million term loan.
The stock rose 7.3% to $25.09 on Thursday. Shares are down 51% this year.
The car dealership operator swung to a loss of $22.5 million, or $2.71 a share, compared with a profit of $5.1 million, or 61 cents a share, a year earlier.
On an adjusted basis, loss per share was 79 cents.
Revenue ticked up 0.8% to $350.2 million, topping analyst estimates of $331 million, according to FactSet.
Car-Mart also closed a $300 million term loan and repaid the outstanding balance under its revolving line of credit.
The move should improve the company's flexibility and control over its balance sheet, Chief Executive Doug Campbell said. It also removes restrictive income statement covenants that previously limited the company's ability to make strategic decisions, he said.
Campbell said he is confident America's Car-Mart's recent actions will position it for growth and improved profitability in the years ahead.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
December 04, 2025 15:41 ET (20:41 GMT)
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