On Thursday, America’s Car-Mart, Inc. (NASDAQ:CRMT) shares traded lower after the company reported first-quarter results.
The company reported a first-quarter loss of 69 cents per share, compared with a net loss of 15 cents per share in the year-ago period.
Quarterly sales of $341.312 million (down 1.9% year over year) missed the Street view of $359.208 million, driven by fewer retail units sold.
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“From a consumer demand standpoint, application volume was up over 10%. We deployed and implemented LOS V2 in the beginning of the quarter, which has a …