JUMP REPORT
Avg Daily Volume: 114,259 Market Cap: 614.3M
Sector: Consumer Durables Short Interest: 4.93
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.73/share REV: 169.31/M
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LAST QTR: EPS: 1.82/share ACTUAL: 2.09/share (BEAT)
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NEXT QTR: EPS: 1.77/share REV: 170.65/M
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FULL YR: EPS: 7.25/share REV: 704.42/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 82% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -16.56, 7.55, 18.02
POTENTIAL JUMP MOVE: 12-15%
Links To Latest News and Headlines
America’s Car-Mart, Inc. (NASDAQ:CRMT) Q2 2024 Earnings Call Transcript December 5, 2023 America’s Car-Mart, Inc. misses on earnings expectations. Reported EPS is $-4.3 EPS, expectations were $0.74. Operator: Thank you for standing by, and welcome to America’s Car-Mart Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After […]
America’s Car-Mart reported a stunning loss for its fiscal second quarter amid subprime auto loan woes. CRMT stock plunged.
America’s Car-Mart (NASDAQ: CRMT) stock turned into a one-car pileup on the Nasdaq freeway on Tuesday as its stock tumbled 17.2% through 2 p.m. ET after reporting a surprise Q2 loss. Heading into its fiscal Q2 2024, analysts were thinking things were looking pretty good for America’s Car-Mart, forecasting a $0.78-per-share profit on sales of $363.7 million. Despite missing on sales and selling 4.6% fewer cars in fiscal Q2 2024 than it had sold in fiscal Q2 2023 a year ago, America’s Car-Mart still managed to grow its revenue nearly 3% in the quarter.
Shares of used-car retailer America’s Car-Mart (NASDAQ:CRMT) fell 25.5% in the morning session after the company reported second quarter results. Same-store sales missed, leading to a revenue shortfall vs. expectations. Most worrying was a huge step-up in provision for credit losses, which impacted margins and EPS. Management called out a “challenging economy” and added that the “persistent inflationary environment impacted existing customers, which was evident in our credit losses. This require
Revenue Rises as Gross Margins Improve, But Net Losses Widen
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