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

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

America’s Car-Mart Stock Performance

Shares of NASDAQ:CRMT opened at $50.34 on Thursday. The company has a 50 day moving average price of $62.21 and a two-hundred day moving average price of $61.70. The company has a market capitalization of $321.77 million, a PE ratio of -10.17, a PEG ratio of 0.78 and a beta of 1.69. America’s Car-Mart has a 52 week low of $49.67 and a 52 week high of $105.90.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. BTIG Research began coverage on America’s Car-Mart in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $66.00.

Insider Activity

In other America’s Car-Mart news, major shareholder Adam K. Peterson acquired 26,410 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were acquired at an average price of $57.74 per share, with a total value of $1,524,913.40. Following the purchase, the insider now owns 768,410 shares of the company’s stock, valued at approximately $44,367,993.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 14.10% of the stock is owned by company insiders.

About America’s Car-Mart

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.