Why America's Car-Mart Shares Are Sliding Today
Portfolio Pulse from Shivani Kumaresan
America's Car-Mart Inc (NASDAQ:CRMT) reported Q1 FY24 sales growth of 8.6% YoY to $368 million, beating analyst consensus. However, EPS of $0.63 missed the analyst consensus of $0.98. The company's shares are trading lower by 11.96%.
September 05, 2023 | 3:44 pm
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America's Car-Mart reported higher sales but lower EPS than expected. Shares are down by 11.96%.
America's Car-Mart reported a YoY sales growth of 8.6% to $368 million, beating the analyst consensus. However, the EPS of $0.63 missed the analyst consensus of $0.98. This mixed financial performance, along with the increase in the provision for loan losses, has led to a decrease in the company's stock price.
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