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

America’s Car-Mart (NASDAQ:CRMT – Get Rating) issued its earnings results on Wednesday. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.81), Briefing.com reports. America’s Car-Mart had a return on equity of 9.20% and a net margin of 3.24%. The business had revenue of $388.30 million during the quarter, compared to the consensus estimate of $367.93 million. During the same quarter in the previous year, the firm posted $4.01 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year.

America’s Car-Mart Stock Down 7.4 %

Shares of NASDAQ:CRMT opened at $82.70 on Thursday. The business’s 50 day moving average is $80.23 and its 200 day moving average is $78.53. America’s Car-Mart has a 12-month low of $52.24 and a 12-month high of $127.05. The stock has a market cap of $526.80 million, a price-to-earnings ratio of 12.31 and a beta of 1.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new position in America’s Car-Mart in the first quarter worth $273,000. MetLife Investment Management LLC raised its stake in shares of America’s Car-Mart by 59.3% in the first quarter. MetLife Investment Management LLC now owns 3,322 shares of the company’s stock valued at $268,000 after buying an additional 1,236 shares during the period. Citigroup Inc. raised its stake in shares of America’s Car-Mart by 23.6% in the fourth quarter. Citigroup Inc. now owns 3,504 shares of the company’s stock valued at $253,000 after buying an additional 670 shares during the period. Bank of Montreal Can bought a new stake in shares of America’s Car-Mart in the second quarter valued at $244,000. Finally, Creative Planning bought a new stake in shares of America’s Car-Mart in the fourth quarter valued at $230,000. Hedge funds and other institutional investors own 81.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on America’s Car-Mart in a research note on Thursday, May 18th. They issued a “sell” rating for the company.

About America’s Car-Mart

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America’s Car-Mart, Inc engages in the sale of older model used vehicles and the provision of financing for its customers in the United States. It operates dealerships in the South-Central United States. The company was founded by Bill Fleeman in 1981 and is headquartered in Rogers, AR.