Used-vehicle dealership operator America’s Automotive-Mart stated Tuesday its president, Doug Campbell, will succeed Jeff Williams as CEO on Oct. 1.

Campbell will stay the corporate’s president and likewise be part of its board of administrators, America’s Automotive-Mart stated in a information launch. Williams will keep on the board and maintain a CEO emeritus title by means of the tip of fiscal yr 2024.

Earlier than he joined America’s Automotive-Mart in October 2022, Campbell labored as senior vice chairman and head of fleet companies for the Americas division of rental automotive firm Avis Price range Group Inc. He additionally beforehand labored at public dealership group AutoNation Inc. in company and discipline management roles, based on the discharge.

America’s Automotive-Mart, of Rogers, Ark., additionally reported earnings for the three months ended July 31. Quarterly income rose 8.6 % yr over yr to $368 million. Web revenue was $4.2 million, a 69 % drop from the year-earlier interval.

In a analysis observe revealed Tuesday, Stephens Inc. analysts Vincent Caintic and Morgan O’Donovan wrote that Campbell might drive progress alternatives, together with “by means of acquisitions.”

“We additionally like that present CEO Jeff Williams, who we regard extremely for his work … will stay” on the board, the analysts wrote.

Shares of America’s Automotive-Mart fell 15 % to $96.79 in afternoon buying and selling Tuesday.