NEW YORK - America's Car-Mart is currently lower in early morning trade. The company is colloquially referred to as America's sweetheart by customers because the company puts people in cars who would usually not be able to afford them.
The company has bought 10% of its outstanding shares in the last year. and continues to buy back shares. In its latest quarter it bought back 1.9% of the outstanding stock.
Net income was down year over year due to slightly higher cost of sales and a $600 million one time debt retirement charge.
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