America’s Car-Mart Inc. announced net earnings of $14.6 million in the quarter ended April 30, up from $10.2 million in the same period a year ago.

Revenues were $177 million compared to $169 million for the prior year quarter. The latest quarter includes a $1.9 million increase in interest income and a same-store revenue increase of 2.9 percent.

Average retail sales price increased $383 to $11,305.

The gross profit margin remained relatively flat at 40.7 percent.

Collections as a percentage of average finance receivables increased to 16 percent from 15.8 percent for the prior year quarter.

The weighted average contract term decreased to 32.1 from 32.5 for the prior year quarter.

Net charge-offs as a percentage of average finance receivables was 6.4 percent, down from 7.5 percent for prior year quarter.

Accounts over 30 days past due decreased to 2.9 percent from 3.5 percent at April 30, 2018.

Average percentage of finance receivables current was 80.9 percent, down from 82.2 percent at April 30, 2018.

Provision for credit losses were 22.2 percent of sales vs. 25.4 percent for prior year quarter.

Selling, general and administrative expenses at 18 percent of sales vs. 16.9 percent for prior year quarter (current period includes $823,000 of stock compensation for performance-based stock options that are expected to vest as a result of the improved net income performance).

Active accounts base approximately 75,600, an increase of approximately 4,500 from April 30, 2018.