America’s Car-Mart, Inc. (CRMT) Posts Earnings Results, Meets Estimates
America’s Car-Mart, Inc. (NASDAQ:CRMT) announced its quarterly earnings results on Thursday. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.79, Briefing.com reports. The business had revenue of $149.12 million during the quarter, compared to the consensus estimate of $149.63 million. America’s Car-Mart had a net margin of 3.41% and a return on equity of 8.70%. The business’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS.
America’s Car-Mart (NASDAQ:CRMT) traded up $0.75 during trading hours on Friday, reaching $43.75. 75,100 shares of the company’s stock traded hands, compared to its average volume of 63,899. America’s Car-Mart has a 52-week low of $30.20 and a 52-week high of $47.75. The stock has a market cap of $316.73, a P/E ratio of 16.60 and a beta of 0.94.
In other America’s Car-Mart news, Director Eddie L. Hight sold 13,867 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $39.46, for a total transaction of $547,191.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William H. Henderson sold 6,250 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $40.65, for a total transaction of $254,062.50. Following the sale, the chief executive officer now directly owns 93,440 shares in the company, valued at $3,798,336. The disclosure for this sale can be found here. Insiders have sold a total of 39,870 shares of company stock valued at $1,568,668 over the last 90 days. 11.70% of the stock is currently owned by insiders.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of America’s Car-Mart from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. Stephens assumed coverage on shares of America’s Car-Mart in a report on Wednesday, August 23rd. They issued an “equal weight” rating and a $42.00 price target for the company. ValuEngine downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $41.00 price target on shares of America’s Car-Mart in a report on Friday, August 18th.
America’s Car-Mart Company Profile
America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).
Receive News & Ratings for America's Car-Mart Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America's Car-Mart Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.