America’s Car-Mart (NASDAQ:CRMT – Get Rating) issued its quarterly earnings data on Wednesday. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.81), Briefing.com reports. The business had revenue of $388.30 million during the quarter, compared to the consensus estimate of $367.93 million. America’s Car-Mart had a return on equity of 9.20% and a net margin of 3.24%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.01 EPS.
America’s Car-Mart Trading Down 7.4 %
Shares of CRMT opened at $82.70 on Thursday. The stock has a market capitalization of $526.80 million, a P/E ratio of 12.31 and a beta of 1.42. The firm’s fifty day simple moving average is $80.23 and its two-hundred day simple moving average is $78.53. America’s Car-Mart has a 12 month low of $52.24 and a 12 month high of $127.05.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of America’s Car-Mart in a research report on Thursday, May 18th. They set a “sell” rating on the stock.
Hedge Funds Weigh In On America’s Car-Mart
America’s Car-Mart Company Profile
America’s Car-Mart, Inc engages in the sale of older model used vehicles and the provision of financing for its customers in the United States. It operates dealerships in the South-Central United States. The company was founded by Bill Fleeman in 1981 and is headquartered in Rogers, AR.
- Get a free copy of the StockNews.com research report on America’s Car-Mart (CRMT)
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