America's Car-Mart (CRMT) reported quarterly earnings results on Thursday, Aug-18-2016. The company said it had a profit of $0.87 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.41. Analysts had a consensus of $0.46. The company posted revenue of $145.80 million in the period, compared to analysts expectations of $154.36 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.
Many Wall Street Analysts have commented on America's Car-Mart. America's Car-Mart was Downgraded by Sidoti to ” Neutral” on May 24, 2016.
America's Car-Mart closed down -1.89 points or -5.56% at $32.12 with 62,531 shares getting traded on Wednesday. Post opening the session at $33.89, the shares hit an intraday low of $32.01 and an intraday high of $33.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 3, 2016, John David Simmons (director) sold 3,750 shares at $24.20 per share price. According to the SEC, on May 26, 2016, Gremp Jim Von (director) purchased 2,000 shares at $21.33 per share price. On Dec 16, 2015, Eddie L Hight (director) sold 500 shares at $25.09 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.