America's Car-Mart Posts Better-Than-Expected Q2 Revenue, Secures $300 Million Term Loan

America's Car-Mart reported Q2 sales above expectations, rising 0.8% to $350.2 million. The company also closed a $300 million term loan and repaid its revolving credit line, improving its balance sheet flexibility and removing income statement covenants. Shares rose 7.3% to $25.09, despite a net loss of $22.5 million and a 51% decline in the stock this year.