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

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 firm had revenue of $364.67 million during the quarter, compared to analyst estimates of $361.48 million. During the same period last year, the company posted $0.32 EPS. The business’s quarterly revenue was down 5.8% on a year-over-year basis.

America’s Car-Mart Stock Down 6.4 %

Shares of America’s Car-Mart stock opened at $57.81 on Thursday. America’s Car-Mart has a one year low of $55.00 and a one year high of $127.96. The business has a 50-day simple moving average of $60.32 and a 200 day simple moving average of $63.41.

Insider Activity at America’s Car-Mart

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

Hedge Funds Weigh In On America’s Car-Mart

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Swiss National Bank boosted 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 worth $1,210,000 after buying an additional 200 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in America’s Car-Mart by 6.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,656 shares of the company’s stock valued at $277,000 after acquiring an additional 225 shares during the period. Anchor Investment Management LLC bought a new stake in America’s Car-Mart during the 4th quarter valued at $25,000. Graham Capital Management L.P. raised its holdings in America’s Car-Mart by 15.6% during the 3rd quarter. Graham Capital Management L.P. now owns 2,839 shares of the company’s stock valued at $258,000 after acquiring an additional 384 shares during the period. Finally, Values First Advisors Inc. raised its holdings in America’s Car-Mart by 7.0% during the 4th quarter. Values First Advisors Inc. now owns 6,165 shares of the company’s stock valued at $467,000 after acquiring an additional 404 shares during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CRMT shares. BTIG Research started coverage on America’s Car-Mart in a research report on Friday, June 7th. They issued a “neutral” rating for the company. 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 given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $66.00.

Read Our Latest Research Report 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.

See Also

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.