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

America’s Car-Mart (NASDAQ:CRMTGet Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06, Briefing.com reports. America’s Car-Mart had a negative return on equity of 6.54% and a negative net margin of 2.25%. The business had revenue of $364.67 million during the quarter, compared to analysts’ expectations of $361.48 million. During the same quarter in the previous year, the firm earned $0.32 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year.

America’s Car-Mart Stock Performance

Shares of CRMT opened at $57.81 on Thursday. America’s Car-Mart has a 12-month low of $55.00 and a 12-month high of $127.96. The stock’s 50-day moving average price is $60.32 and its 200 day moving average price is $63.41.

Analysts Set New Price Targets

CRMT has been the subject of several research analyst reports. BTIG Research initiated coverage on America’s Car-Mart in a research report on Friday, June 7th. They set a “neutral” rating for the company. Bank of America cut their price objective on America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating for the company in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, America’s Car-Mart presently has a consensus rating of “Hold” and a consensus target price of $66.00.

Check Out Our Latest Report on America’s Car-Mart

Insider Activity at America’s Car-Mart

In other news, major shareholder Adam K. Peterson purchased 8,500 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were purchased at an average cost of $57.85 per share, for a total transaction of $491,725.00. Following the completion of the purchase, the insider now directly owns 728,450 shares of the company’s stock, valued at approximately $42,140,832.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, major shareholder Adam K. Peterson purchased 8,500 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were purchased at an average cost of $57.85 per share, for a total transaction of $491,725.00. Following the completion of the purchase, the insider now directly owns 728,450 shares of the company’s stock, valued at approximately $42,140,832.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas W. Jr. Campbell purchased 3,229 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were purchased at an average price of $61.62 per share, for a total transaction of $198,970.98. Following the completion of the purchase, the chief executive officer now directly owns 70,841 shares of the company’s stock, valued at $4,365,222.42. The disclosure for this purchase can be found here. Insiders have bought 25,279 shares of company stock worth $1,474,834 over the last three months. Company insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On America’s Car-Mart

Several large investors have recently modified their holdings of the stock. Swiss National Bank grew its stake in shares of America’s Car-Mart by 1.5% in the 3rd quarter. Swiss National Bank now owns 13,300 shares of the company’s stock valued at $1,210,000 after purchasing an additional 200 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of America’s Car-Mart by 6.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,656 shares of the company’s stock valued at $277,000 after purchasing an additional 225 shares during the period. Anchor Investment Management LLC bought a new stake in shares of America’s Car-Mart in the 4th quarter valued at approximately $25,000. Graham Capital Management L.P. grew its stake in shares of America’s Car-Mart by 15.6% in the 3rd quarter. Graham Capital Management L.P. now owns 2,839 shares of the company’s stock valued at $258,000 after purchasing an additional 384 shares during the period. Finally, Values First Advisors Inc. grew its stake in shares of America’s Car-Mart by 7.0% in the 4th quarter. Values First Advisors Inc. now owns 6,165 shares of the company’s stock valued at $467,000 after purchasing an additional 404 shares during the period. 89.10% of the stock is currently owned by institutional investors.

About America’s Car-Mart

(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.

Featured Stories

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

Receive News & Ratings for America's Car-Mart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America's Car-Mart and related companies with MarketBeat.com's FREE daily email newsletter.