America’s Car-Mart opens its 153rd site

Rogers-based used-car dealer America’s Car-Mart has opened a dealership in Norman, Okla., its 153rd location and its second new lot in fiscal 2022.

The dealership at 524 N. Interstate Drive opened Monday. It will be managed by Jesse Cloud.

During an earnings call in mid-November detailing the buy-here pay-here car company’s second quarter results for fiscal 2022, Car-Mart Chief Executive Officer Jeff Williams said the company plans to grow market share from its dealership base and that the company plans to continue to open new dealerships moving forward. He said Car-Mart is also looking at expanding through acquisition.

Car-Mart shares closed at $97.48, down 66 cents or less than 1% in trading Wednesday on the Nasdaq. Shares have traded as low as $95.95 and as high as $177.45 over the past year.

In August, America’s Car-Mart ranked 67th on Forbes magazine’s 2021 list of America’s Best Small Companies. The company is celebrating its 40th year in business and operates 153 dealerships in 12 states.