America’s Car-Mart (NASDAQ:CRMT – Get Rating) released its quarterly earnings data on Monday. The company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.91, MarketWatch Earnings reports. America’s Car-Mart had a net margin of 9.66% and a return on equity of 25.67%. The company had revenue of $351.84 million during the quarter, compared to the consensus estimate of $309.55 million. During the same period in the previous year, the firm earned $6.19 earnings per share.
Shares of America’s Car-Mart stock traded up $18.55 during trading hours on Tuesday, reaching $95.01. 3,136 shares of the company’s stock were exchanged, compared to its average volume of 81,633. The stock has a market cap of $611.86 million, a P/E ratio of 5.99, a P/E/G ratio of 0.45 and a beta of 1.35. America’s Car-Mart has a fifty-two week low of $72.50 and a fifty-two week high of $177.45. The company has a 50 day moving average of $83.82 and a two-hundred day moving average of $95.69.
In other America’s Car-Mart news, COO Leonard L. Walthall sold 1,600 shares of the stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $89.99, for a total transaction of $143,984.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.00% of the company’s stock.
CRMT has been the subject of several recent research reports. Bank of America lowered shares of America’s Car-Mart from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $191.00 to $123.00 in a research report on Wednesday, April 6th. Zacks Investment Research downgraded shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Monday, May 16th. Finally, StockNews.com started coverage on shares of America’s Car-Mart in a research note on Thursday, March 31st. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $154.92.
America’s Car-Mart Company Profile (Get Rating)
America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2021, it operated 151 dealerships in the South-Central United States. America's Car-Mart, Inc was founded in 1981 and is headquartered in Rogers, Arkansas.
- Get a free copy of the StockNews.com research report on America’s Car-Mart (CRMT)
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