Revenue Update on America's Car-Mart(NASDAQ:CRMT)

America's Car-Mart(NASDAQ:CRMT) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Aug 18, 2016. Company reported revenue of $145.84M. Analysts estimated a revenue of $154.36M. Earnings per share were $0.87. Analysts had estimated an EPS of $0.46.

America's Car-Mart (CRMT) shares turned negative on Mondays trading session with the shares closing down -0.73 points or -1.81% at a volume of 62,571. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $40.57. The peak price level was also seen at $40.57 while the days lowest was $36.34. Finally the shares closed at $39.6. The 52-week high of the shares is $40.9255 while the 52-week low is $19.485. According to the latest information available, the market cap of the company is $317 M.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, John David Simmons (director) sold 3,750 shares at $24.20 per share price.Also, On May 26, 2016, Gremp Jim Von (director) purchased 2,000 shares at $21.33 per share price.On Dec 16, 2015, Eddie L Hight (director) sold 500 shares at $25.09 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

America's Car-Mart - Is it time to Sell?

Top Brokerage Firms are advising their investors on America's Car-Mart. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.