America’s Car-Mart (NASDAQ:CRMT) Releases Quarterly Earnings Results, Misses Expectations By $5.98 EPS

America’s Car-Mart (NASDAQ:CRMT) announced its earnings results on Wednesday. The company reported ($6.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($5.98), Zacks reports. America’s Car-Mart had a negative net margin of 18.21% and a negative return on equity of 15.19%. The company had revenue of $89.90 million for the quarter, compared to analysts’ expectations of $253.03 million.

America’s Car-Mart Price Performance

CRMT opened at $1.59 on Friday. America’s Car-Mart has a one year low of $1.37 and a one year high of $35.49. The business has a 50 day simple moving average of $3.00 and a two-hundred day simple moving average of $8.35. The firm has a market capitalization of $13.77 million, a price-to-earnings ratio of -0.07 and a beta of 1.27.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BTIG Research reaffirmed a “neutral” rating on shares of America’s Car-Mart in a research report on Monday, June 15th. Weiss Ratings raised shares of America’s Car-Mart from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 31st. Finally, Wall Street Zen raised America’s Car-Mart from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $14.00.

Institutional Trading of America’s Car-Mart

Several large investors have recently added to or reduced their stakes in CRMT. Jones Financial Companies Lllp raised its holdings in America’s Car-Mart by 492.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock worth $54,000 after purchasing an additional 990 shares in the last quarter. Aquatic Capital Management LLC lifted its holdings in America’s Car-Mart by 48.2% in the third quarter. Aquatic Capital Management LLC now owns 3,699 shares of the company’s stock worth $108,000 after buying an additional 1,203 shares during the period. Deutsche Bank AG boosted its position in America’s Car-Mart by 12.1% during the 4th quarter. Deutsche Bank AG now owns 4,450 shares of the company’s stock valued at $112,000 after acquiring an additional 482 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of America’s Car-Mart by 264.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock worth $135,000 after acquiring an additional 1,747 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of America’s Car-Mart in the 3rd quarter worth approximately $137,000. Institutional investors own 89.10% of the company’s stock.

About America’s Car-Mart

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.