America's car-mart reports diluted earnings per share of $6.19 on record revenues of $279 million

Rogers, ark., may 24, 2021 (globe newswire) -- america's car-mart, inc. (nasdaq: crmt) today announced its operating results for the fourth quarter and full fiscal year 2021, including net income of $43.5 million, or diluted earnings per share of $6.19, for the quarter ended april 30, 2021. the fourth quarter fiscal 2021 results include a $15.1 million (diluted earnings per share increase of $1.65) pretax decrease to the allowance for credit losses. these results compare to net income of $9.3 million, or diluted earnings per share of $1.35, for the quarter ended april 30, 2020. the prior year quarter included an $11.7 million (diluted earnings per share decrease of $1.42) pretax charge to increase the allowance for credit losses due to the covid-19 pandemic.
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