America’s Car-Mart (NASDAQ:CRMT) Posts Earnings Results, Misses Estimates By $5.98 EPS

America’s Car-Mart (NASDAQ:CRMT) announced its earnings results on Wednesday. The company reported ($6.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($5.98), Zacks reports. America’s Car-Mart had a negative return on equity of 4.09% and a negative net margin of 10.50%.

America’s Car-Mart Price Performance

CRMT opened at $2.49 on Wednesday. America’s Car-Mart has a 1-year low of $1.38 and a 1-year high of $37.74. The firm has a market cap of $21.56 million, a P/E ratio of -0.15 and a beta of 1.27. The company has a 50 day simple moving average of $3.05 and a two-hundred day simple moving average of $8.65.

Institutional Investors Weigh In On America’s Car-Mart

Several large investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its stake in shares of America’s Car-Mart by 492.5% during the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after purchasing an additional 990 shares in the last quarter. Aquatic Capital Management LLC boosted its position in America’s Car-Mart by 48.2% during the third quarter. Aquatic Capital Management LLC now owns 3,699 shares of the company’s stock valued at $108,000 after purchasing an additional 1,203 shares in the last quarter. Deutsche Bank AG raised its stake in shares of America’s Car-Mart by 12.1% during the 4th quarter. Deutsche Bank AG now owns 4,450 shares of the company’s stock worth $112,000 after acquiring an additional 482 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in America’s Car-Mart by 264.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock valued at $135,000 after acquiring an additional 1,747 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of America’s Car-Mart in the 3rd quarter worth $137,000. 89.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CRMT shares. Weiss Ratings raised America’s Car-Mart from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 31st. Wall Street Zen upgraded shares of America’s Car-Mart from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Finally, BTIG Research reiterated a “neutral” rating on shares of America’s Car-Mart in a research report on Monday, June 15th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, America’s Car-Mart presently has an average rating of “Reduce” and an average target price of $14.00.

About America’s Car-Mart

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.