America's Car-Mart (CRMT) Issues Quarterly Earnings Results

America's Car-Mart (NASDAQ:CRMT) issued its earnings results on Monday. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06, Yahoo Finance reports. America's Car-Mart had a return on equity of 9.18% and a net margin of 3.58%. The business had revenue of $147.20 million for the quarter, compared to the consensus estimate of $136.55 million. During the same period last year, the business posted $0.35 EPS. The company’s revenue was up 6.1% compared to the same quarter last year.

America's Car-Mart (CRMT) opened at $48.00 on Wednesday. The stock has a market capitalization of $330.69, a price-to-earnings ratio of 17.78 and a beta of 0.99. America's Car-Mart has a 52 week low of $30.20 and a 52 week high of $49.40.

America's Car-Mart announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 16th that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Several brokerages have commented on CRMT. ValuEngine upgraded America's Car-Mart from a “hold” rating to a “buy” rating in a research note on Saturday. BidaskClub downgraded America's Car-Mart from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Zacks Investment Research upgraded America's Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Wednesday, January 17th. Stephens set a $50.00 target price on America's Car-Mart and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Finally, Jefferies Group increased their target price on America's Car-Mart from $41.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, November 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. America's Car-Mart currently has a consensus rating of “Hold” and an average price target of $49.00.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Stock Observer and is the property of of Stock Observer. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at

About America's Car-Mart

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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's FREE daily email newsletter.

Leave a Reply