America's Car-Mart slumps on dour Q1 results
04/09/2024 14:13
** Automotive retailer America's Car-Mart CRMT.O shares
fall ~11% to $53 premarket
** Company posts Q1 loss of 15 cents/share vs earnings of 63
cents/share a year earlier
** Q1 rev falls 5.2% to $347.8 mln, compared with $366.79
mln a year earlier
** Three of four brokerages rate the stock "hold" and one
"sell"; their median PT is $64 - LSEG
** YTD, CRMT stock down 21% as of last close
(Reporting by Anshuman Tripathy in Bengaluru)
((Anshuman.Tripathy@thomsonreuters.com))