Filed under: Earnings reports, AutoNation Inc (AN), Technical Analysis, Stocks to Buy

America’s Car-Mart (NASDAQ: CRMT) operates 94 automotive dealerships, located primarily in the smaller urban markets of eight South-Central states. The dealerships focus on selling and providing the financing for basic, affordable cars, trucks and sport utility vehicles. Competitors include AutoNation (NYSE: AN) and CarMax (NYSE: KMX).

The company pleased investors last week, when it announced that closing underperforming branches and beefing up advertising initiatives generated fiscal Q3 EPS of 28 cents and revenues of $71.1 million. Wall Street analysts had been looking for 27 cents and $67.2 million. Looking ahead, the Jeffries analyst noted that the firm is able to internally fund its growth and is therefore not much impacted by the current credit crunch. Being focused on the used car market, the company was expected to be a relative outperformer in the current economic environment.

Continue reading America’s Car-Mart (CRMT): Shares moving in bullish ‘flag’

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This entry was posted on Thursday, March 13th, 2008 at 8:35 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.