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

America’s Car-Mart (NASDAQ:CRMTGet Free Report) announced its quarterly earnings data on Friday. The company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.10) by ($0.24), Briefing.com reports. America’s Car-Mart had a negative net margin of 1.36% and a negative return on equity of 3.99%. The business had revenue of $299.60 million during the quarter, compared to the consensus estimate of $350.95 million. During the same period in the previous year, the business posted $0.23 earnings per share. America’s Car-Mart’s revenue was down 7.9% compared to the same quarter last year.

America’s Car-Mart Price Performance

Shares of NASDAQ CRMT opened at $66.50 on Friday. The company’s fifty day moving average is $63.79 and its 200-day moving average is $75.72. America’s Car-Mart has a twelve month low of $57.61 and a twelve month high of $127.96.

Analyst Upgrades and Downgrades

CRMT has been the topic of a number of recent research reports. Stephens reaffirmed an “equal weight” rating and issued a $82.00 price objective on shares of America’s Car-Mart in a research note on Tuesday, February 6th. StockNews.com cut shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, TheStreet cut shares of America’s Car-Mart from a “c” rating to a “d+” rating in a research report on Tuesday, December 5th.

Check Out Our Latest Research Report on CRMT

Insider Transactions at America’s Car-Mart

In related news, major shareholder Adam K. Peterson acquired 18,148 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $59.71 per share, for a total transaction of $1,083,617.08. Following the completion of the acquisition, the insider now directly owns 649,199 shares in the company, valued at approximately $38,763,672.29. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Adam K. Peterson acquired 24,001 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average cost of $60.58 per share, for a total transaction of $1,453,980.58. Following the completion of the acquisition, the insider now directly owns 673,200 shares in the company, valued at approximately $40,782,456. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Adam K. Peterson acquired 18,148 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average price of $59.71 per share, for a total transaction of $1,083,617.08. Following the completion of the acquisition, the insider now owns 649,199 shares of the company’s stock, valued at $38,763,672.29. The disclosure for this purchase can be found here. Insiders have bought a total of 46,294 shares of company stock valued at $2,799,272 over the last three months. 14.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On America’s Car-Mart

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky increased its stake in America’s Car-Mart by 5.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 2,011 shares of the company’s stock valued at $201,000 after buying an additional 104 shares during the last quarter. Captrust Financial Advisors grew its position in shares of America’s Car-Mart by 31.6% in the 1st quarter. Captrust Financial Advisors now owns 695 shares of the company’s stock valued at $56,000 after acquiring an additional 167 shares during the period. JPMorgan Chase & Co. grew its position in shares of America’s Car-Mart by 3.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,472 shares of the company’s stock valued at $746,000 after acquiring an additional 244 shares during the period. Thrivent Financial for Lutherans grew its position in shares of America’s Car-Mart by 3.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 7,679 shares of the company’s stock valued at $469,000 after acquiring an additional 263 shares during the period. Finally, Royal Bank of Canada grew its position in shares of America’s Car-Mart by 5.0% in the 3rd quarter. Royal Bank of Canada now owns 6,473 shares of the company’s stock valued at $395,000 after acquiring an additional 306 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

America’s Car-Mart Company Profile

(Get Free Report)

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.

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Earnings History for America's Car-Mart (NASDAQ:CRMT)

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