Streetbeat News

CRMT

America's Car-Mart, Inc.

Industry

Auto - Dealerships

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. As of April 30, 2022, the company operated 154 dealerships in the South-Central United States. The company was founded in 1981 and is based in Rogers, Arkansas.

Open

41.48

Mkt cap

338M

Volume

69K

High

41.91

P/E Ratio

-7.29

52-wk high

83.07

Low

41.03

Div yield

N/A

52-wk low

37.98

Investor sentiment improved as the S&P 500 hit another record close on Tuesday. Nvidia surpassed Microsoft to become the most valuable public company, while America's Car-Mart shares fell due to poor earnings. Investors await earnings from Accenture, Jabil, and Darden Restaurants.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 8:08 am

U.S. stocks traded mixed with the S&P 500 gaining 0.1%. America's Car-Mart shares tumbled over 7% after disappointing Q4 earnings. Reliance Global Group, Actelis Networks, and Comtech Telecommunications saw significant gains due to positive news. Taysha Gene Therapies, DermTech, and Quantum Corporation experienced sharp declines.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 7:07 pm

America’s Car-Mart Inc (NASDAQ:CRMT) shares are down after reporting worse-than-expected Q4 EPS and a sales decline. Despite beating revenue estimates, the company saw a decrease in retail units sold and same-store revenue. EPS missed estimates significantly.

Portfolio Pulse from Shivani Kumaresan

June 18, 2024 | 2:18 pm

America's Car-Mart (NASDAQ:CRMT) reported Q4 earnings per share of $0.06, missing the analyst estimate of $0.89 by 93.26%. Sales were $364.67M, slightly beating the estimate of $361.47M. Compared to last year, EPS decreased by 81.25% and sales decreased by 6.09%.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 11:34 am

Key stocks to watch this Tuesday include Patterson Companies, JELD-WEN Holding, KB Home, SIGA Technologies, and America's Car-Mart. Patterson Companies is expected to report earnings of $0.83 per share on $1.71 billion revenue. JELD-WEN named a new CFO, causing shares to drop. KB Home is expected to post earnings of $1.80 per share on $1.65 billion revenue. SIGA Technologies expanded TPOXX access, and America's Car-Mart is expected to report earnings of $0.89 per share on $361.47 million revenue.

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 6:39 am

The S&P 500 and Nasdaq closed at record highs amid improving investor sentiment, despite the CNN Money Fear and Greed index remaining in the 'Fear' zone. The Aaron's Company, Inc. (NYSE:AAN) saw a significant 33% jump after announcing an acquisition agreement with IQVentures Holdings. Investors are also awaiting earnings results from Patterson Companies, Inc. (NASDAQ:PDCO), KB Home (NYSE:KBH), and America’s Car-Mart, Inc. (NASDAQ:CRMT).

Portfolio Pulse from Avi Kapoor

June 18, 2024 | 6:30 am

BTIG analyst Vincent Caintic has initiated coverage on America's Car-Mart (NASDAQ:CRMT) with a Neutral rating.

Portfolio Pulse from Benzinga Newsdesk

June 07, 2024 | 11:52 am

America's Car-Mart, Inc. (NASDAQ:CRMT) announced its agreement to acquire dealership assets of Texas Auto Center, excluding legacy finance receivables, expected to close in Q1 of fiscal year 2025. The acquisition aligns with Car-Mart's growth strategy, aiming to enhance customer outcomes, associate satisfaction, and shareholder value. Texas Auto Center, founded in 1995 by Bob and Erika Blankenship, is recognized for its high-performance culture and customer focus, making it a strategic fit for Car-Mart's expansion in Texas.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 2:02 pm

Insiders at Walgreens Boots Alliance, authID Inc., and America's Car-Mart have recently made significant stock purchases, indicating their confidence in the companies' prospects. Walgreens reported better than expected Q2 earnings and tightened FY24 guidance, authID posted a narrower FY23 loss, and America's Car-Mart received a lowered price target from B of A Securities.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 11:19 am

Insiders at HCI Group, America's Car-Mart, and Entrada Therapeutics have made notable purchases of their company's stock, signaling confidence in their respective companies' futures. HCI Group's CEO acquired shares at an average price of $114.90, with an analyst maintaining an Outperform rating and a $140 price target. America's Car-Mart's CEO purchased shares at $61.62, despite an analyst maintaining an Underperform rating with a lowered price target. Entrada Therapeutics saw purchases by a director at an average price of $13.57, following upbeat quarterly sales.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 10:41 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.