America’s Car-Mart (NASDAQ:CRMT) Releases Earnings Results, Misses Expectations By $5.98 EPS

America’s Car-Mart (NASDAQ:CRMT) posted its quarterly earnings data on Wednesday. The company reported ($6.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($5.98), Zacks reports. America’s Car-Mart had a negative net margin of 10.50% and a negative return on equity of 4.09%.

America’s Car-Mart Price Performance

America’s Car-Mart stock opened at $2.49 on Wednesday. America’s Car-Mart has a 12-month low of $1.38 and a 12-month high of $37.74. The firm has a 50 day simple moving average of $3.05 and a 200-day simple moving average of $8.65. The stock has a market capitalization of $21.56 million, a PE ratio of -0.15 and a beta of 1.27.

Institutional Investors Weigh In On America’s Car-Mart

Several institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in America’s Car-Mart by 492.5% during the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after purchasing an additional 990 shares during the last quarter. Aquatic Capital Management LLC increased its holdings in shares of America’s Car-Mart by 48.2% during the 3rd quarter. Aquatic Capital Management LLC now owns 3,699 shares of the company’s stock worth $108,000 after purchasing an additional 1,203 shares during the period. Deutsche Bank AG raised its position in shares of America’s Car-Mart by 12.1% during the fourth quarter. Deutsche Bank AG now owns 4,450 shares of the company’s stock valued at $112,000 after buying an additional 482 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of America’s Car-Mart by 264.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock valued at $135,000 after buying an additional 1,747 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in America’s Car-Mart during the third quarter worth about $137,000. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRMT has been the topic of several analyst reports. Weiss Ratings upgraded America’s Car-Mart from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 31st. BTIG Research restated a “neutral” rating on shares of America’s Car-Mart in a report on Monday, June 15th. Finally, Wall Street Zen raised America’s Car-Mart from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, America’s Car-Mart presently has a consensus rating of “Reduce” and a consensus target price of $14.00.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.