America’s Car-Mart Inc. (NASDAQ:CRMT) issued its earnings results on Thursday. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. America’s Car-Mart had a return on equity of 7.45% and a net margin of 2.47%. The business earned $150.21 million during the quarter, compared to analysts’ expectations of $134.72 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year.

Earnings History for America`s Car-Mart (NASDAQ:CRMT)

In other news, CEO William H. Henderson sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $39.71, for a total transaction of $198,550.00. Following the completion of the sale, the chief executive officer now owns 81,984 shares of the company’s stock, valued at $3,255,584.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William H. Henderson sold 7,500 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $39.86, for a total transaction of $298,950.00. Following the sale, the chief executive officer now directly owns 84,484 shares of the company’s stock, valued at approximately $3,367,532.24. The disclosure for this sale can be found here. 14.00% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Investment Management LLC boosted its stake in America’s Car-Mart by 5.7% in the second quarter. BlackRock Investment Management LLC now owns 35,135 shares of the company’s stock worth $992,000 after buying an additional 1,888 shares in the last quarter. Franklin Resources Inc. bought a new stake in America’s Car-Mart during the second quarter worth approximately $1,878,000. Counsel Portfolio Services Inc. boosted its stake in America’s Car-Mart by 32.1% in the second quarter. Counsel Portfolio Services Inc. now owns 61,658 shares of the company’s stock worth $1,741,000 after buying an additional 15,000 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in America’s Car-Mart by 7.6% in the second quarter. Parametric Portfolio Associates LLC now owns 37,810 shares of the company’s stock worth $1,068,000 after buying an additional 2,660 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its stake in America’s Car-Mart by 16.8% in the third quarter. BlackRock Advisors LLC now owns 4,530 shares of the company’s stock worth $165,000 after buying an additional 651 shares in the last quarter. 89.39% of the stock is owned by institutional investors and hedge funds.

CRMT has been the subject of several recent research reports. Jefferies Group increased their price target on America’s Car-Mart from $22.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, August 22nd. Zacks Investment Research raised America’s Car-Mart from a “sell” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Thursday, October 20th. Bank of America Corp. raised America’s Car-Mart from an “underperform” rating to a “buy” rating in a research note on Wednesday, October 19th. Finally, Janney Montgomery Scott reissued a “hold” rating on shares of America’s Car-Mart in a research note on Thursday, September 22nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. America’s Car-Mart presently has an average rating of “Hold” and a consensus target price of $33.25.

About America’s Car-Mart

America’s Car-Mart, Inc is an automotive retailer 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 (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

5 Day Chart for NASDAQ:CRMT

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