America's Car-Mart (CRMT) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on May 24, 2016.
Many Wall Street Analysts have commented on America's Car-Mart. Sidoti Initiated America's Car-Mart on Mar 15, 2016 to “Buy”, Price Target of the shares are set at $33.
On the company’s financial health, America's Car-Mart reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on Nov 19, 2015. Analyst had a consensus of $0.70. The company had revenue of $133.00 million for the quarter, compared to analysts expectations of $150.80 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.83 EPS.
America's Car-Mart opened for trading at $22.95 and hit $23.29 on the upside on Friday, eventually ending the session at $23.25, with a gain of 2.06% or 0.47 points. The heightened volatility saw the trading volume jump to 26,316 shares. Company has a market cap of $189,278 M.
In a different news, on Apr 11, 2016, Gremp Jim Von (director) purchased 3,000 shares at $22.95 per share price. According to the SEC, on Dec 16, 2015, Eddie L Hight (director) sold 500 shares at $25.09 per share price. On Jun 24, 2015, William H Henderson (President and CEO) sold 3,500 shares at $50.91 per share price, according to the Form-4 filing with the securities and exchange commission.
America’s Car-Mart Inc. is an automotive retailer in the United States focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries America’s Car Mart Inc. an Arkansas corporation (Car-Mart of Arkansas) and Colonial Auto Finance Inc. an Arkansas corporation (Colonial) (Collectively Car-Mart of Arkansas and Colonial are referred to as Car-Mart). The Company primarily sells older model used vehicles and provides financing for all of its customers. As of April 30 2015 the Company operated 141 dealerships located primarily in small cities throughout the South-Central United States. It purchases vehicles primarily from wholesalers new car dealers individuals and auctions. It also sells a number of trucks and sport utility vehicles. It focuses on providing basic transportation to its customers. It does not purchase sports cars or luxury cars.