America's Car-Mart Stock Price Up 17.5% Following Better-Than-Expected Earnings (CRMT)
Shares of America's Car-Mart (NASDAQ:CRMT) rose 17.5% on Thursday following a stronger than expected earnings report, Analyst RN reports. The company traded as high as $44.79 and last traded at $43.69, with a volume of 177,726 shares. The stock had previously closed at $37.19.
The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.17. The company had revenue of $127.00 million for the quarter, compared to the consensus estimate of $116.33 million. During the same quarter last year, the company posted $0.79 earnings per share. America's Car-Mart’s revenue was up 3.9% compared to the same quarter last year.
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.
The stock’s 50-day moving average is $38.38 and its 200-day moving average is $37.18. The company has a market cap of $377.8 million and a price-to-earnings ratio of 16.53.
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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