America’s Car-Mart, Inc. (NASDAQ:CRMT – Get Rating) shares gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $89.31, but opened at $73.43. America’s Car-Mart shares last traded at $79.96, with a volume of 296,599 shares trading hands.
The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.81). America’s Car-Mart had a return on equity of 4.06% and a net margin of 1.42%. The business had revenue of $388.30 million during the quarter, compared to analysts’ expectations of $367.93 million. During the same period in the previous year, the business earned $4.01 EPS. The business’s revenue was up 12.1% compared to the same quarter last year.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on America’s Car-Mart in a research report on Thursday, May 18th. They set a “sell” rating for the company.
Hedge Funds Weigh In On America’s Car-Mart
America’s Car-Mart Stock Performance
The firm has a 50-day moving average price of $80.51 and a 200-day moving average price of $78.61. The stock has a market cap of $569.26 million, a PE ratio of 29.49 and a beta of 1.42.
America’s Car-Mart Company Profile
America’s Car-Mart, Inc engages in the sale of older model used vehicles and the provision of financing for its customers in the United States. It operates dealerships in the South-Central United States. The company was founded by Bill Fleeman in 1981 and is headquartered in Rogers, AR.
- Get a free copy of the StockNews.com research report on America’s Car-Mart (CRMT)
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