America's Car-Mart Is A Clunker

As great as this was to see, the company's bottom line actually took a hit, with net income falling from $2.1 million to only$0.4 million. There were a couple of drivers behind this bottom-line pain. For starters, the provision for credit losses for the company increased from 26.4% of sales to 28%. Using the revenue generated in the final quarter of last year, that's an extra $5.8 million in pre-tax costs that investors would have seen this year compared to last year. In addition to this, interest expense ...