America's Car-Mart Coverage Initiated by Analysts at Bank of America (CRMT)
Equities researchers at Bank of America started coverage on shares of America's Car-Mart (NASDAQ:CRMT) in a research report issued on Friday. The firm set an “underperform” rating and a $37.57 price target on the stock.
America's Car-Mart (NASDAQ:CRMT) traded up 1.57% on Friday, hitting $38.16. The stock had a trading volume of 37,944 shares. America's Car-Mart has a 1-year low of $34.56 and a 1-year high of $47.93. The stock has a 50-day moving average of $37.8 and a 200-day moving average of $37.8. The company has a market cap of $332.9 million and a price-to-earnings ratio of 16.70.
America's Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Tuesday, May 27th. The company reported $0.68 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.78 by $0.10. The company had revenue of $123.00 million for the quarter, compared to the consensus estimate of $133.44 million. During the same quarter last year, the company posted $0.92 earnings per share. America's Car-Mart’s revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that America's Car-Mart will post $2.72 earnings per share for the current fiscal year.
America’s Car-Mart, Inc is an automotive retailer in the United States focused on the integrated auto sales and finance segment of the used car market.
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