America's Car-Mart Q3 EPS $(1.34) Misses $(0.65) Estimate, Sales $299.61M Miss $350.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
America's Car-Mart (NASDAQ:CRMT) reported a significant miss in both earnings and sales for Q3. Earnings per share were $(1.34), missing estimates by 106.15% and marking a 682.61% decrease from the previous year. Sales were $299.61M, missing estimates by 14.63% and showing an 8.24% decrease from the previous year.
March 08, 2024 | 1:03 pm
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America's Car-Mart reported a significant miss in Q3 earnings and sales, with EPS at $(1.34) and sales at $299.61M, both well below estimates.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with a significant year-over-year decrease, is likely to negatively impact investor sentiment and the stock price of America's Car-Mart in the short term. The magnitude of the miss and the comparison to last year's performance highlight underlying issues that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100