Shares of America's Car-Mart (NASDAQ: CRMT) were soaring Tuesday after the car dealership chain posted better-than-expected results in its fiscal fourth-quarter earnings report. America's Car-Mart owns 154 dealerships in the Southern and Central U.S., and focuses primarily on selling older used models. Adjusted earnings per share actually fell slightly as the company's cost of sales jumped 32%, reflecting that it also paid more for its inventory.
America's Car-Mart (CRMT) delivered earnings and revenue surprises of 26.50% and 13.66%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?