NEW YORK (TheStreet) -- Shares of America's Car-Mart Inc. (CRMT) are climbing higher by 15.35% to $42.90 in mid-afternoon trading on Thursday, after the company reported fiscal 2015 first quarter net income of $7.3 million, or 79 cents per diluted share, which came in higher than the 62 cents per share analysts had expected.
The U.S. automotive retailer posted $127 million in revenue, while analysts were expecting $116.3 million for the most recent quarter.
America's Car Mart said the positive earnings were the result of sequential improvement in per store productivity and an improvement in lot level execution on the sales side.
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Separately, TheStreet Ratings team rates AMERICA'S CAR-MART INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate AMERICA'S CAR-MART INC (CRMT) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."