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

America’s Car-Mart (NASDAQ:CRMT) released its quarterly earnings results on Wednesday. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.81), Briefing.com reports. The firm 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 net margin of 2.25% and a negative return on equity of 6.54%. America’s Car-Mart’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share.

America’s Car-Mart Stock Performance

Shares of America’s Car-Mart stock opened at $50.34 on Thursday. America’s Car-Mart has a one year low of $49.67 and a one year high of $105.90. The stock’s fifty day moving average is $62.21 and its 200 day moving average is $61.70. The stock has a market cap of $321.77 million, a P/E ratio of -10.17, a P/E/G ratio of 0.78 and a beta of 1.69.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, major shareholder Adam K. Peterson bought 26,410 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were bought at an average cost of $57.74 per share, with a total value of $1,524,913.40. Following the acquisition, the insider now owns 768,410 shares in the company, valued at $44,367,993.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.10% of the stock is owned by insiders.

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.