America's Car-Mart (CRMT) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Underperform ” on the company shares. BofA/Merrill advised their investors in a research report released on Oct 19, 2016.
On the company’s financial health, America's Car-Mart reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.41 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.46. The company had revenue of $145.80 million for the quarter, 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.
America's Car-Mart opened for trading at $37 and hit $37.9 on the upside on Friday, eventually ending the session at $37.79, with a gain of 2.11% or 0.78 points. The heightened volatility saw the trading volume jump to 33,776 shares. Company has a market cap of $296 M.
In a different news, on Sep 26, 2016, William H Henderson (Chief Executive Officer) sold 3,476 shares at $37.00 per share price. According to the SEC, on Sep 9, 2016, Eddie L Hight (director) sold 5,000 shares at $40.23 per share price. On Aug 24, 2016, John David Simmons (director) sold 7,500 shares at $38.40 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.