America's Car-Mart Expected to Post 59-Cent Loss, Revenue Down 8.2%
CRMT sits 96% above its 52-week low of $1.38.
Summary
Analysts expect America's Car-Mart to report a loss of 59 cents per share and an 8.2% revenue decrease to $339.989 million for the quarter ending April 30. This forecast reinforces the company's severe financial distress, following recent news of a strategic review, an urgent $500 million capital raise, and a temporary covenant waiver from lenders. The company's last 10-Q also reported a substantial net loss and material weakness. The actual Q4 earnings report, estimated for July 6, will provide definitive results.
At the time of this announcement, CRMT was trading at $2.70 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $22M. The 52-week trading range was $1.38 to $62.72. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.