NEW YORK - America's Car-Mart is currently lower in early morning trade. The company is colloquially referred to as America's sweetheart by customers because the company puts people in cars who would usually not be able to afford them.
The company has bought 10% of its outstanding shares in the last year. and continues to buy back shares. In its latest quarter it bought back 1.9% of the outstanding stock.
Net income was down year over year due to slightly higher cost of sales and a $600 million one time debt retirement charge.
To see the full report click here.
Showing posts with label CRMT. Show all posts
Showing posts with label CRMT. Show all posts
Monday, February 28, 2011
Friday, February 25, 2011
American Stocks Set to Open Higher (NASDAQ: CRMT) (NYSE: PNC) (NYSE: TEX) (NYSE: USB)
NEW YORK - American stocks were all up, near 2% in premarket trade, as investors look to buyback stocks they have aggressively sold during a week of profit taking. Stocks have declined due to Libyan and other Middle Eastern country unrest, despite the fact this is unlikely to have much affect on the global economic recovery.
Shares of America's Car-Mart soared on Thursday, the company posted its 3rd quarter results on February 18, where it saw revenue roar higher. Net was down on higher promotional costs. PNC Financial has also declined this week, as has U.S. Bancorp. USB and PNC the 5th and 6th largest bank respectively are widely regarded as the best capitalized banks on Wall Street ,who will be least affected by financial reforms.
Terex corporation has fallen over 15% this week as investors sell all construction stocks due to fear that Middle Eastern unrest will halt construction in other countries.
Thursday, February 24, 2011
America's Sweetheart (NASDAQ: CRMT)
NEW YORK - America's Car-Mart known for selling great vehicles at cheap prices, reported its Q3 results on February 18. Since then the stock has remained mostly flat despite improving metrics. Colloquially referred to as America's sweetheart by customers because the company puts people in cars who would usually not be able to afford them. The company earned net income of 53 cents a share or $5.7 million. Revenue rose by 10% while same store sales growth rose by 6%.
The company has bought 10% of its outstanding shares in the last year. and continues to buy back shares. In its latest quarter it bought back 1.9% of the outstanding stock.
To see the full report click here.
The company has bought 10% of its outstanding shares in the last year. and continues to buy back shares. In its latest quarter it bought back 1.9% of the outstanding stock.
To see the full report click here.
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