Twelve out of the fifteen stocks that are on the Arkansas Index didn't do too well this year, however the America's Car-Mart was able to earn a 62% return.
The Bentonville-based "buy here, pay here" used car company benefited from higher average sales prices per vehicle in 2018, said Nathan Green, a financial adviser with Simmons First Investment Group Inc. in Searcy.
"Car-Mart continued to expand by adding four new dealerships with plans for additional dealerships in 2019," Green said.
Car-Mart operates 143 dealerships in Alabama, Arkansas, Georgia, Indiana, Iowa, Kentucky, Mississippi, Missouri, Oklahoma, Tennessee and Texas.
Car-Mart's customers often do not have access to traditional vehicle financing because of poor credit or no credit history.
In recent years, Car-Mart has seen increased competition for its customer base from traditional car dealers that are offering newer vehicles with extended loan terms to those with poor credit.
Car-Mart extended the repurchase of its stock on the open market, Green said.
"Since 2010 we have repurchased over 51 percent of our company for $212 million at an average price of approximately $35 per share," Vickie Judy, Car-Mart's chief financial officer, said in November during the firm's second-quarter earnings report.
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