America’s Car-Mart, Inc. (NASDAQ:CRMT) announced its quarterly earnings data on Thursday. The company reported $0.90 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.90, Briefing.com reports. The firm had revenue of $146.40 million for the quarter, compared to analysts’ expectations of $153.05 million. America’s Car-Mart had a return on equity of 8.82% and a net margin of 3.43%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share.

Shares of America’s Car-Mart (NASDAQ CRMT) opened at 36.90 on Friday. America’s Car-Mart has a 12-month low of $30.20 and a 12-month high of $47.75. The stock has a market capitalization of $278.52 million, a price-to-earnings ratio of 14.82 and a beta of 0.94. The stock’s 50 day moving average is $38.19 and its 200-day moving average is $37.02.

A number of research firms have recently weighed in on CRMT. Zacks Investment Research lowered shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. Jefferies Group LLC increased their target price on shares of America’s Car-Mart from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Thursday, May 25th.

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In other America’s Car-Mart news, CEO William H. Henderson sold 6,250 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $38.85, for a total value of $242,812.50. Following the transaction, the chief executive officer now directly owns 93,440 shares in the company, valued at approximately $3,630,144. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Magnolia Capital Fund, Lp bought 24,607 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average price of $35.75 per share, for a total transaction of $879,700.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 68,700 shares of company stock worth $2,531,007 and sold 28,108 shares worth $1,061,151. 11.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of CRMT. Horrell Capital Management Inc. increased its position in shares of America’s Car-Mart by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the company’s stock worth $1,087,000 after buying an additional 681 shares in the last quarter. Bares Capital Management Inc. increased its position in shares of America’s Car-Mart by 2.1% in the first quarter. Bares Capital Management Inc. now owns 809,578 shares of the company’s stock worth $29,509,000 after buying an additional 16,745 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of America’s Car-Mart by 4.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 32,797 shares of the company’s stock worth $1,196,000 after buying an additional 1,368 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of America’s Car-Mart by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 550,283 shares of the company’s stock worth $20,058,000 after buying an additional 35,398 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its position in shares of America’s Car-Mart by 95.7% in the first quarter. Kennedy Capital Management Inc. now owns 241,362 shares of the company’s stock worth $8,798,000 after buying an additional 118,027 shares in the last quarter. Institutional investors and hedge funds own 83.55% of the company’s stock.

America’s Car-Mart Company Profile

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).

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

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