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

America’s Car-Mart (NASDAQ:CRMT) announced its earnings results on Monday. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.15, Briefing.com reports. The business had revenue of $190.00 million for the quarter, compared to analysts’ expectations of $173.47 million. America’s Car-Mart had a net margin of 7.72% and a return on equity of 20.25%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 EPS.

NASDAQ CRMT opened at $99.93 on Thursday. The company has a 50-day moving average of $89.64 and a 200-day moving average of $89.34. The company has a market cap of $583.70 million, a P/E ratio of 15.49, a P/E/G ratio of 1.49 and a beta of 0.84. America’s Car-Mart has a 12 month low of $66.26 and a 12 month high of $104.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.85.

A number of equities analysts have recently commented on CRMT shares. Buckingham Research lifted their target price on shares of America’s Car-Mart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Monday, August 19th. BidaskClub cut shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. ValuEngine upgraded shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research lowered shares of America’s Car-Mart from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $106.50.

In related news, COO Leonard L. Walthall sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.00, for a total transaction of $90,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William H. Henderson sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $84.88, for a total transaction of $127,320.00. Following the sale, the director now directly owns 115,830 shares of the company’s stock, valued at approximately $9,831,650.40. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by corporate insiders.

About America’s Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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

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