America's Car-Mart (NASDAQ:CRMT) Releases Quarterly Earnings Results

America's Car-Mart (NASDAQ:CRMT - Get Free Report) announced its earnings results on Tuesday. The company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.39, Briefing.com reports. America's Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. During the same period in the prior year, the firm earned $0.06 earnings per share. The business's revenue was up 1.5% on a year-over-year basis.

America's Car-Mart Trading Down 13.4%

Shares of CRMT traded down $7.74 during trading hours on Thursday, hitting $50.00. 242,751 shares of the stock traded hands, compared to its average volume of 102,155. The business has a fifty day moving average of $49.03 and a 200-day moving average of $48.50. The firm has a market capitalization of $413.10 million, a PE ratio of -60.97, a price-to-earnings-growth ratio of 1.41 and a beta of 1.33. America's Car-Mart has a 1-year low of $36.40 and a 1-year high of $72.26.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of America's Car-Mart from a "hold" rating to a "buy" rating in a research report on Friday, June 6th.

Insider Buying and Selling

In other America's Car-Mart news, major shareholder Adam K. Peterson sold 13,269 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $55.80, for a total value of $740,410.20. Following the transaction, the insider now directly owns 1,569,094 shares of the company's stock, valued at approximately $87,555,445.20. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 154,269 shares of company stock worth $8,689,460 over the last three months. 19.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in America's Car-Mart by 11.0% in the first quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company's stock valued at $8,890,000 after purchasing an additional 19,389 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in America's Car-Mart by 492.5% in the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company's stock worth $54,000 after purchasing an additional 990 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of America's Car-Mart by 6.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company's stock worth $196,000 after purchasing an additional 255 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of America's Car-Mart in the 1st quarter valued at $209,000. Institutional investors and hedge funds own 89.10% of the company's stock.

About America's Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market 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.