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.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the vehicle retailer industry, including Camping World (NYSECWH) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at vehicle retailer stocks, starting with Lithia (NYSELAD).
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the vehicle retailer stocks, including America's Car-Mart (NASDAQCRMT) and its peers.
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.
Shares of Marvell Technology, Inc. (NASDAQMRVL) fell sharply during Friday’s session after the company reported fourth-quarter financial results and issued weak Q1 guidance.
