America’s Car-Mart (NASDAQ:CRMT) Issues Quarterly Earnings Results, Meets Estimates

America’s Car-Mart (NASDAQ:CRMT) issued its quarterly earnings data on Tuesday. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06, Briefing.com reports. America’s Car-Mart had a negative return on equity of 6.10% and a negative net margin of 2.10%. The firm had revenue of $364.67 million during the quarter, compared to analyst estimates of $361.48 million. During the same period in the previous year, the company posted $0.32 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis.

America’s Car-Mart Price Performance

NASDAQ CRMT opened at $57.81 on Wednesday. The stock has a 50-day moving average of $60.35 and a 200-day moving average of $63.45. America’s Car-Mart has a 1-year low of $55.00 and a 1-year high of $127.96.

Insider Activity

In other news, major shareholder Adam K. Peterson acquired 13,550 shares of the stock in a transaction dated Thursday, April 11th. The stock was purchased at an average cost of $57.87 per share, with a total value of $784,138.50. Following the completion of the purchase, the insider now owns 742,000 shares in the company, valued at approximately $42,939,540. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder Adam K. Peterson acquired 13,550 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were acquired at an average cost of $57.87 per share, with a total value of $784,138.50. Following the transaction, the insider now owns 742,000 shares in the company, valued at approximately $42,939,540. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Adam K. Peterson purchased 8,500 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were acquired at an average cost of $57.85 per share, with a total value of $491,725.00. Following the completion of the transaction, the insider now owns 728,450 shares in the company, valued at $42,140,832.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 25,279 shares of company stock valued at $1,474,834. 14.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CRMT shares. BTIG Research initiated coverage on shares of America’s Car-Mart in a report on Friday, June 7th. They set a “neutral” rating on the stock. Bank of America decreased their target price 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 issued a hold rating to the company. Based on data from MarketBeat, America’s Car-Mart presently has an average rating of “Hold” and a consensus price target of $66.00.

America’s Car-Mart Company Profile

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.