America's Car-Mart (CRMT) Announces Quarterly Earnings Results, Beats Estimates By $0.17 EPS
America's Car-Mart (NASDAQ:CRMT) posted its quarterly earnings results on Wednesday. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.17, American Banking and Market News reports. The company had revenue of $127.00 million for the quarter, compared to the consensus estimate of $116.33 million.
Shares of America's Car-Mart (NASDAQ:CRMT) traded down 0.75% during mid-day trading on Wednesday, hitting $37.19. The stock had a trading volume of 47,110 shares. America's Car-Mart has a 52 week low of $34.56 and a 52 week high of $47.93. The stock has a 50-day moving average of $38.49 and a 200-day moving average of $37.19. The company has a market cap of $324.5 million and a P/E ratio of 16.65.
A number of research firms have recently commented on CRMT. Analysts at TheStreet upgraded shares of America's Car-Mart to a “buy” rating in a research note on Friday, August 15th. Analysts at Bank of America initiated coverage on shares of America's Car-Mart in a research note on Friday, July 18th. They set an “underperform” rating and a $37.57 price target on the stock.
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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