America’s Car-Mart Inc (NASDAQ: CRMT) has reported a loss for its second fiscal quarter (ending October 31) of $-4.30 versus $0.49 for the same period a year ago — a decline of -978%. E.P.S. were $-3.08 for the latest four quarters through October 31 versus $9.70 for the same period a year ago — a decline of -132%.
Recent Price Action
On 12/5/23, America’s Car-Mart Inc (NASDAQ: CRMT) stock suffered a major decline of -18.0%, closing at $66.29. Moreover, exceptionally high trading volume at 612% of normal accompanied the decline. The stock has declined -13.7% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CRMT is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
America’s Car-Mart has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. America’s Car-Mart has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 62, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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