America’s Car-Mart (NASDAQ:CRMT) Announces Quarterly Earnings Results

America’s Car-Mart (NASDAQ:CRMT) announced its quarterly earnings results on Thursday. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.38, Zacks reports. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%.

America’s Car-Mart Stock Up 16.8 %

Shares of NASDAQ CRMT traded up $6.44 during midday trading on Thursday, hitting $44.80. 131,339 shares of the company’s stock were exchanged, compared to its average volume of 105,363. America’s Car-Mart has a 12 month low of $36.40 and a 12 month high of $74.10. The company’s 50 day moving average price is $47.51 and its 200 day moving average price is $47.59. The firm has a market capitalization of $369.69 million, a PE ratio of -54.76, a price-to-earnings-growth ratio of 1.41 and a beta of 1.64.

Analyst Ratings Changes

Several brokerages have commented on CRMT. StockNews.com cut shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Stephens raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

About America’s Car-Mart

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market 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.