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

America’s Car-Mart (NASDAQ:CRMT) issued its quarterly 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. The company had revenue of $325.73 million for the quarter, compared to the consensus estimate of $282.83 million. 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

NASDAQ:CRMT opened at $44.47 on Friday. America’s Car-Mart has a 1 year low of $36.40 and a 1 year high of $74.10. The stock has a market cap of $367.01 million, a P/E ratio of -54.23, a P/E/G ratio of 1.41 and a beta of 1.64. The stock has a 50-day simple moving average of $47.33 and a 200-day simple moving average of $47.57.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CRMT shares. StockNews.com downgraded America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Stephens upgraded shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report 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.