America’s Car-Mart (NASDAQ:CRMT) Issues Earnings Results, Beats Expectations By $0.38 EPS

America’s Car-Mart (NASDAQ:CRMT) announced its quarterly earnings data on Thursday. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.38, Zacks reports. The firm had revenue of $325.73 million during the quarter, compared to analyst estimates of $282.83 million. America’s Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%.

America’s Car-Mart Stock Up 0.2 %

Shares of America’s Car-Mart stock opened at $44.54 on Friday. America’s Car-Mart has a 12 month low of $36.40 and a 12 month high of $74.10. The business has a fifty day simple moving average of $47.17 and a 200 day simple moving average of $47.46. The stock has a market cap of $367.59 million, a PE ratio of -54.32, a price-to-earnings-growth ratio of 1.41 and a beta of 1.64.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CRMT shares. StockNews.com upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday. Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas.