America’s Car-Mart (NASDAQ:CRMT) Announces Quarterly Earnings Results

by · The Markets Daily

America’s Car-Mart (NASDAQ:CRMT – Get Free Report) issued its earnings results on Thursday. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($1.39), Zacks reports. America’s Car-Mart had a positive return on equity of 0.28% and a negative net margin of 1.04%.The firm had revenue of $350.19 million during the quarter, compared to the consensus estimate of $344.84 million.

America’s Car-Mart Stock Up 0.7%

NASDAQ CRMT opened at $26.04 on Friday. The company has a 50-day moving average price of $23.58 and a 200-day moving average price of $39.28. America’s Car-Mart has a 52 week low of $17.78 and a 52 week high of $62.72. The firm has a market capitalization of $215.61 million, a P/E ratio of -14.71 and a beta of 1.15.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRMT shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of America’s Car-Mart in a research report on Wednesday, October 8th. Wall Street Zen downgraded America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Stephens dropped their price objective on America’s Car-Mart from $67.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, America’s Car-Mart presently has a consensus rating of “Hold” and an average price target of $45.00.

View Our Latest Analysis on CRMT

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRMT. AQR Capital Management LLC bought a new stake in shares of America’s Car-Mart during the 1st quarter valued at $209,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in America’s Car-Mart by 6.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company’s stock worth $196,000 after buying an additional 255 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of America’s Car-Mart by 492.5% in the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock worth $54,000 after buying an additional 990 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of America’s Car-Mart by 11.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock valued at $8,890,000 after buying an additional 19,389 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of America’s Car-Mart by 11.7% during the 2nd quarter. Rhumbline Advisers now owns 11,693 shares of the company’s stock valued at $655,000 after acquiring an additional 1,229 shares during the period. 89.10% of the stock is currently owned by institutional investors.

About America’s Car-Mart

(Get Free Report)

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas.

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