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

America’s Car-Mart (NASDAQ:CRMT) issued its earnings results on Thursday. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.38, Zacks reports. 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 Performance

Shares of CRMT stock traded up $6.44 during mid-day trading on Thursday, hitting $44.80. 131,339 shares of the stock traded hands, compared to its average volume of 105,363. The firm has a market cap of $369.69 million, a price-to-earnings ratio of -54.76, a price-to-earnings-growth ratio of 1.41 and a beta of 1.64. The company’s 50-day simple moving average is $47.51 and its 200-day simple moving average is $47.59. America’s Car-Mart has a twelve month low of $36.40 and a twelve month high of $74.10.

Analysts Set New Price Targets

A number of research firms recently weighed in on CRMT. StockNews.com cut shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Stephens upgraded shares of 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.