Bentonville, Arkansas, Oct. 18, 2012 (GLOBE NEWSWIRE) -- America's Car-Mart, Inc. (NASDAQ: CRMT) todayannounced the opening of its 117 th dealership. Thedealership is located in Oxford, Mississippi. "Oxford is our fourth location to open inMississippi. It is the type of community that we consider tobe ideal for our expansion plans," said William H. ("Hank")Henderson, President and Chief Executive Officer of America'sCar-Mart. "For 31 years, Car-Mart has provided quality vehicles,affordable payment terms, and excellent service while expandingthroughout the South-Central United States. With each newdealership we have an opportunity to provide our excellent serviceto more customers and to earn their repeat business in the future. The Oxford dealership will be managed by Curtis Valentine whois very excited to lead our efforts at this great new Car-Martlocation." "We now have 117 dealerships in nine states.Car-Mart will continue to focus on increasing sales volumes at ourexisting dealerships and at the same time add great new locations,"said Jeff Williams, Chief Financial Officer. "Oxford represents ourthird new dealership for fiscal 2013 and our current plans are toopen an additional seven between now and the end of the currentfiscal year. Our solid financial results, strong balance sheet andcompetitive strengths will continue to allow us to provide the bestpossible service to our 55,000+ active customers and to futurecustomers we will gain as we grow. We continue to expect toopen additional dealerships at an approximate 10% annual ratebeyond fiscal 2013." About America's Car-Mart America's Car-Mart operates 117 automotivedealerships in nine states and is the largest publicly-heldautomotive retailer in the United States focused exclusively on the"Integrated Auto Sales and Finance" segment of the used carmarket. The Company emphasizes superior customer service andthe building of strong personal relationships with its customers.The Company operates its dealerships primarily in smaller citiesthroughout the South-Central United States selling quality usedvehicles and providing financing for substantially all of itscustomers. For more information about America's Car-Mart,including investor presentations, please visit our website at www.car-mart.com. This press release contains "forward-looking statements" withinthe meaning of the Private Securities Litigation Reform Act of1995. These forward-looking statements address the Company'sfuture objectives, plans and goals, as well as the Company'sintent, beliefs and current expectations regarding future operatingperformance, and can generally be identified by words such as"may," "will," "should," "could," "believe," "expect,""anticipate," "intend," "plan," "foresee," and other similar wordsor phrases. Specific events addressed by theseforward-looking statements include, but are not limited to:
· new dealershipopenings;· performance ofnew dealerships; · same storerevenue growth; · annual growthof the number of dealerships; and · the Company'sbusiness and growth strategies. These forward-looking statements are based on the Company'scurrent estimates and assumptions and involve various risks anduncertainties. As a result, you are cautioned that theseforward-looking statements are not guarantees of futureperformance, and that actual results could differ materially fromthose projected in these forward-looking statements. Factorsthat may cause actual results to differ materially from theCompany's projections include, but are not limited to: · theavailability of credit facilities to support the Company'sbusiness; · the Company'sability to underwrite and collect its loans effectively; · competition; · availabilityof quality vehicles at prices that will be affordable to customers;and · generaleconomic conditions in the markets in which the Company operates,including but not limited to fluctuations in gas prices, groceryprices and employment levels. The Company undertakes no obligation to updateor revise any forward-looking statements, whether as a result ofnew information, future events or otherwise. You arecautioned not to place undue reliance on these forward-lookingstatements, which speak only as of the dates on which they aremade.
CONTACT: William H. ("Hank") Henderson, CEO at (479) 464-9944 or Jeff Williams, CFO at (479) 418-8021