America's Car-Mart is a retail automotive dealership company that specializes in the sale of used vehicles, primarily targeting the underserved markets with a focus on providing affordable financing options
The company operates through its network of stores across various states, offering a range of quality pre-owned cars, trucks, and SUVs. In addition to vehicle sales, America's Car-Mart provides in-house financing solutions, making it easier for customers with less-than-perfect credit to purchase a vehicle. With a commitment to customer service, the company aims to create a positive buying experience while fostering long-term relationships with its clients.
Shareholders of America's Car-Mart would probably like to forget the past six months even happened. The stock dropped 22.5% and now trades at $47.48. This may have investors wondering how to approach the situation.
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Shares of used-car retailer America’s Car-Mart (NASDAQCRMT)
jumped 19.5% in the morning session after the company reported impressive third-quarter earnings, which blew past analysts' revenue, EPS, and EBITDA expectations. On the other hand, its gross margin missed. Still, we think this was a solid quarter.
Used-car retailer America’s Car-Mart (NASDAQCRMT) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell by 3.6% year on year to $347.3 million. Its GAAP profit of $0.61 per share was significantly above analysts’ consensus estimates.
Shareholders of America's Car-Mart would probably like to forget the past six months even happened. The stock dropped 35% and now trades at $42.03. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
