America’s Car-Mart (NASDAQ:CRMT) Posts Quarterly Earnings Results, Misses Estimates By $1.39 EPS

America’s Car-Mart (NASDAQ:CRMT) released its quarterly earnings results on Thursday. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of $0.60 by ($1.39), Zacks reports. America’s Car-Mart had a return on equity of 1.08% and a net margin of 0.95%.

America’s Car-Mart Stock Performance

America’s Car-Mart stock opened at $24.74 on Thursday. The business’s 50-day simple moving average is $23.76 and its two-hundred day simple moving average is $39.55. The company has a market cap of $204.82 million, a PE ratio of 16.04 and a beta of 1.15. America’s Car-Mart has a fifty-two week low of $17.78 and a fifty-two week high of $62.72.

Analyst Upgrades and Downgrades

Several research firms have commented on CRMT. Weiss Ratings reissued a “sell (d)” rating on shares of America’s Car-Mart in a research report on Wednesday, October 8th. Stephens lowered their target price on shares of America’s Car-Mart from $67.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, September 5th. Finally, Wall Street Zen cut America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, America’s Car-Mart has an average rating of “Hold” and a consensus price target of $45.00.

Institutional Investors Weigh In On America’s Car-Mart

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of America’s Car-Mart by 2.5% in the third quarter. Vanguard Group Inc. now owns 454,282 shares of the company’s stock worth $13,270,000 after acquiring an additional 11,002 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of America’s Car-Mart by 11.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock valued at $8,890,000 after buying an additional 19,389 shares during the period. Ameriprise Financial Inc. purchased a new position in America’s Car-Mart during the third quarter valued at approximately $5,192,000. Citadel Advisors LLC grew its stake in shares of America’s Car-Mart by 29.8% during the 3rd quarter. Citadel Advisors LLC now owns 103,309 shares of the company’s stock worth $3,018,000 after purchasing an additional 23,721 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of America’s Car-Mart by 361.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 101,755 shares of the company’s stock valued at $2,972,000 after purchasing an additional 79,715 shares during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Company Profile

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.