By Connor Hart

Shares of America's Car-Mart gained after the company swung to a profit and notched higher-than-expected revenue in its fiscal third quarter, boosted by higher car sales.

The stock rose 18% to $45.18 in midday trading Thursday. Shares have lost more than a quarter of their value in the past year.

Before the bell, the automotive dealership operator posted net income of $3.2 million for its three months ended Jan. 31, compared with a net loss of $8.6 million a year earlier. Quarterly earnings of 37 cents a share came in ahead of the 10 cents a share that analysts surveyed by FactSet had expected.

Revenue rose 8.7% to $325.7 million, topping the $295.3 million that analysts had modeled.

Sales volumes increased 13% to 13,198 units. Higher sales were slightly offset by a decrease in the average retail sales price, the company said.

Chief Executive Doug Campbell said the company will continue to strengthen its business by increasing its financial flexibility, as well as bettering its operational and technology capabilities.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

March 06, 2025 12:16 ET (17:16 GMT)

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