America's Car-Mart announced the opening of its 139th dealership, the fifth new lot opening this fiscal year. The dealership is located in Valdosta, Ga., also the fifth Car-Mart lot in the Peach State, according to the release.
“We intend to add three more new dealerships between now and April 30, the end of our fiscal year,” said CEO Hank Henderson.
Shares of America’s Car-Mart were trading down nearly 1% in the Wednesday (March 25) afternoon session at $55.60 per share. The stock has been rising in recent weeks on the heels of stronger financial balance sheets and earnings reported in February. The stock decline is in sync with the broader market indices all trading lower on weaker-than-expected durable goods report earlier in the day from the U.S. Department of Commerce.