America’s Car-Mart (NASDAQ:CRMT) Posts Quarterly Earnings Results, Misses Estimates By $0.24 EPS

America’s Car-Mart (NASDAQ:CRMT) released its quarterly earnings data on Friday. The company reported ($1.34) EPS for the quarter, missing analysts’ consensus estimates of ($1.10) by ($0.24), Briefing.com reports. The business had revenue of $299.60 million during the quarter, compared to analysts’ expectations of $350.95 million. America’s Car-Mart had a negative net margin of 1.36% and a negative return on equity of 3.99%. The company’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

America’s Car-Mart Price Performance

CRMT stock opened at $66.50 on Friday. The business has a 50 day simple moving average of $63.79 and a 200-day simple moving average of $75.72. America’s Car-Mart has a twelve month low of $57.61 and a twelve month high of $127.96.

Wall Street Analyst Weigh In

Several brokerages have commented on CRMT. Stephens reiterated an “equal weight” rating and issued a $82.00 price target on shares of America’s Car-Mart in a research note on Tuesday, February 6th. TheStreet lowered shares of America’s Car-Mart from a “c” rating to a “d+” rating in a research note on Tuesday, December 5th. Finally, StockNews.com downgraded shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th.

Insider Activity

In other America’s Car-Mart news, major shareholder Adam K. Peterson purchased 18,148 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average price of $59.71 per share, for a total transaction of $1,083,617.08. Following the purchase, the insider now directly owns 649,199 shares in the company, valued at $38,763,672.29. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Adam K. Peterson purchased 4,145 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average price of $63.13 per share, with a total value of $261,673.85. Following the completion of the acquisition, the insider now directly owns 700,450 shares in the company, valued at approximately $44,219,408.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Adam K. Peterson acquired 18,148 shares of America’s Car-Mart stock in a transaction on Monday, February 5th. The shares were bought at an average cost of $59.71 per share, with a total value of $1,083,617.08. Following the completion of the purchase, the insider now owns 649,199 shares in the company, valued at $38,763,672.29. The disclosure for this purchase can be found here. Insiders have acquired 46,294 shares of company stock valued at $2,799,272 in the last ninety days. 14.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of America’s Car-Mart by 17.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 28,597 shares of the company’s stock worth $2,167,000 after purchasing an additional 4,218 shares during the period. Barclays PLC raised its position in America’s Car-Mart by 120.5% during the 4th quarter. Barclays PLC now owns 12,262 shares of the company’s stock worth $929,000 after buying an additional 6,701 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of America’s Car-Mart by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 410,326 shares of the company’s stock worth $31,090,000 after acquiring an additional 3,938 shares during the period. Nantahala Capital Management LLC lifted its stake in shares of America’s Car-Mart by 35.1% in the 4th quarter. Nantahala Capital Management LLC now owns 312,128 shares of the company’s stock worth $23,650,000 after acquiring an additional 81,175 shares during the period. Finally, Numerai GP LLC purchased a new stake in shares of America’s Car-Mart in the fourth quarter valued at about $395,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

About America’s Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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.