America’s Car-Mart (NASDAQ:CRMT) Posts Quarterly Earnings Results, Beats Expectations By $0.91 EPS

America’s Car-Mart (NASDAQ:CRMT – Get Rating) issued its quarterly earnings results on Monday. The company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.91, MarketWatch Earnings reports. The business had revenue of $351.84 million for the quarter, compared to analysts’ expectations of $309.55 million. America’s Car-Mart had a net margin of 9.66% and a return on equity of 25.67%. During the same quarter in the prior year, the company earned $6.19 earnings per share.

Shares of CRMT stock traded up $11.06 during trading hours on Wednesday, reaching $111.04. 1,235 shares of the stock were exchanged, compared to its average volume of 88,482. The firm has a market capitalization of $715.10 million, a P/E ratio of 6.72, a P/E/G ratio of 0.45 and a beta of 1.35. America’s Car-Mart has a 12-month low of $72.50 and a 12-month high of $177.45. The business’s fifty day moving average is $83.95 and its two-hundred day moving average is $95.72.

Several analysts have recently issued reports on CRMT shares. StockNews.com started coverage on shares of America’s Car-Mart in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Tuesday. Bank of America lowered shares of America’s Car-Mart from a “buy” rating to an “underperform” rating and cut their target price for the stock from $191.00 to $123.00 in a research note on Wednesday, April 6th. Finally, Stephens cut their target price on shares of America’s Car-Mart from $138.00 to $113.00 and set an “overweight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, America’s Car-Mart currently has an average rating of “Hold” and a consensus price target of $133.92.

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its holdings in shares of America’s Car-Mart by 52.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 339 shares of the company’s stock valued at $35,000 after acquiring an additional 116 shares during the period. Quantbot Technologies LP acquired a new stake in shares of America’s Car-Mart in the first quarter valued at approximately $48,000. Captrust Financial Advisors boosted its holdings in shares of America’s Car-Mart by 31.6% in the first quarter. Captrust Financial Advisors now owns 695 shares of the company’s stock valued at $56,000 after acquiring an additional 167 shares during the period. Point72 Hong Kong Ltd boosted its holdings in shares of America’s Car-Mart by 621.0% in the first quarter. Point72 Hong Kong Ltd now owns 757 shares of the company’s stock valued at $61,000 after acquiring an additional 652 shares during the period. Finally, Advisor Group Holdings Inc. boosted its holdings in shares of America’s Car-Mart by 125.0% in the third quarter. Advisor Group Holdings Inc. now owns 1,161 shares of the company’s stock valued at $135,000 after acquiring an additional 645 shares during the period. Institutional investors own 73.35% of the company’s stock.

About America’s Car-Mart (Get Rating)

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2021, it operated 151 dealerships in the South-Central United States. America's Car-Mart, Inc was founded in 1981 and is headquartered in Rogers, Arkansas.

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