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

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

America’s Car-Mart Stock Performance

NASDAQ CRMT opened at $57.81 on Thursday. The stock’s 50-day simple moving average is $60.32 and its two-hundred day simple moving average is $63.41. America’s Car-Mart has a twelve month low of $55.00 and a twelve month high of $127.96.

Insider Buying and Selling at America’s Car-Mart

In related news, CEO Douglas W. Jr. Campbell acquired 3,229 shares of America’s Car-Mart stock in a transaction dated Monday, April 8th. The shares were purchased at an average cost of $61.62 per share, with a total value of $198,970.98. Following the completion of the purchase, the chief executive officer now owns 70,841 shares of the company’s stock, valued at $4,365,222.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Douglas W. Jr. Campbell acquired 3,229 shares of America’s Car-Mart stock in a transaction dated Monday, April 8th. The shares were purchased at an average cost of $61.62 per share, with a total value of $198,970.98. Following the completion of the purchase, the chief executive officer now owns 70,841 shares of the company’s stock, valued at $4,365,222.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Adam K. Peterson acquired 13,550 shares of America’s Car-Mart stock in a transaction dated Thursday, April 11th. The shares were bought at an average cost of $57.87 per share, for a total transaction of $784,138.50. Following the completion of the purchase, the insider now directly owns 742,000 shares of the company’s stock, valued at approximately $42,939,540. 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 90 days. Corporate insiders own 14.10% of the company’s stock.

Institutional Trading of America’s Car-Mart

Several large investors have recently modified their holdings of the business. Bayesian Capital Management LP bought a new stake in shares of America’s Car-Mart in the first quarter worth about $240,000. Paloma Partners Management Co bought a new stake in shares of America’s Car-Mart in the first quarter worth about $313,000. BOKF NA grew its stake in shares of America’s Car-Mart by 1.9% in the first quarter. BOKF NA now owns 24,674 shares of the company’s stock worth $1,546,000 after purchasing an additional 453 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of America’s Car-Mart in the first quarter worth about $178,000. Finally, Magnolia Group LLC grew its stake in shares of America’s Car-Mart by 14.1% in the first quarter. Magnolia Group LLC now owns 719,950 shares of the company’s stock worth $45,983,000 after purchasing an additional 88,899 shares during the last quarter. 89.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Bank of America lowered their price objective on America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. BTIG Research initiated coverage on America’s Car-Mart in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat, America’s Car-Mart currently has a consensus rating of “Hold” and an average price target of $66.00.

View Our Latest Analysis on America’s Car-Mart

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.

Recommended 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.