America's Car-Mart Inc. Down 14.83% To $96.69 After Earnings Miss

America's Car-Mart Inc. (CRMT) said before open Tuesday that it earned $0.63 per share in quarter one 2024.

On the revenue line, the company reported $368 million, beating estimates by $3.2 million.

In the same quarter a year ago, the company earned $2 per share on revenue of $344.9 million.

The stock is down 14.83% to $96.69 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 57. Meanwhile, the average Wall Street analyst rated the stock a Hold.

Americas Car-Mart Inc is an automotive retailer in the us focused exclusively on the Integrated Auto Sales and Finance segment of the used car market. The Companys operations are principally conducted through its two operating subsidiaries Americas Car Mart Inc and Colonial Auto Finance. It primarily sells older model used vehicles and provides financing for substantially all of its customers. The Company earns revenue from the sale of used vehicles and in most cases a related service contract and an accident protection plan product as well as interest income and late fees from the related financing.