America's Car-Mart (CRMT) : Horrell Capital Management reduced its stake in America's Car-Mart by 0.51% during the most recent quarter end. The investment management company now holds a total of 26,862 shares of America's Car-Mart which is valued at $946,886 after selling 138 shares in America's Car-Mart , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.America's Car-Mart makes up approximately 0.59% of Horrell Capital Management’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp reduced its stake in CRMT by selling 1,484 shares or 87.19% in the most recent quarter. The Hedge Fund company now holds 218 shares of CRMT which is valued at $7,153. Bnp Paribas Arbitrage Sa added CRMT to its portfolio by purchasing 304 company shares during the most recent quarter which is valued at $9,229.
America's Car-Mart closed down -0.2 points or -0.57% at $35.08 with 34,986 shares getting traded on Friday. Post opening the session at $35.54, the shares hit an intraday low of $35.04 and an intraday high of $35.89 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, America's Car-Mart reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on Nov 19, 2015. Analyst had a consensus of $0.70. The company had revenue of $133.00 million for the quarter, compared to analysts expectations of $150.80 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.83 EPS.
Many Wall Street Analysts have commented on America's Car-Mart. America's Car-Mart was Downgraded by Sidoti to ” Neutral” on May 24, 2016.
America’s Car-Mart Inc. is an automotive retailer in the United States focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries America’s Car Mart Inc. an Arkansas corporation (Car-Mart of Arkansas) and Colonial Auto Finance Inc. an Arkansas corporation (Colonial) (Collectively Car-Mart of Arkansas and Colonial are referred to as Car-Mart). The Company primarily sells older model used vehicles and provides financing for all of its customers. As of April 30 2015 the Company operated 141 dealerships located primarily in small cities throughout the South-Central United States. It purchases vehicles primarily from wholesalers new car dealers individuals and auctions. It also sells a number of trucks and sport utility vehicles. It focuses on providing basic transportation to its customers. It does not purchase sports cars or luxury cars.