America’s Car-Mart (NASDAQ:CRMT) Announces Earnings Results, Misses Estimates By $0.81 EPS

America’s Car-Mart (NASDAQ:CRMT) posted its quarterly earnings data on Wednesday. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.81), Briefing.com reports. The company had revenue of $347.76 million for the quarter, compared to the consensus estimate of $338.78 million. America’s Car-Mart had a negative return on equity of 6.54% and a negative net margin of 2.25%. America’s Car-Mart’s revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.63 EPS.

America’s Car-Mart Stock Up 4.8 %

Shares of CRMT stock opened at $52.77 on Friday. America’s Car-Mart has a twelve month low of $48.55 and a twelve month high of $98.39. The business has a fifty day simple moving average of $62.06 and a 200 day simple moving average of $61.64. The company has a market cap of $337.31 million, a P/E ratio of -10.66, a P/E/G ratio of 0.78 and a beta of 1.69.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CRMT shares. BTIG Research assumed coverage on America’s Car-Mart in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. StockNews.com upgraded shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $66.00.

Insider Buying and Selling at America’s Car-Mart

In related news, major shareholder Adam K. Peterson bought 26,410 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was purchased at an average price of $57.74 per share, with a total value of $1,524,913.40. Following the completion of the acquisition, the insider now owns 768,410 shares of the company’s stock, valued at $44,367,993.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 14.10% of the company’s stock.

America’s Car-Mart Company Profile

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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.