Upgrade your membership to see all of the expert analysis we have published on CRMT now!
Car Dealership Firm Challenging All-Time High - Tuesday, May 25, 2021
Americas Car-Mart Inc (CRMT +$9.87 or +6.60% to $159.50) finished strong after highlighted in yellow in the earlier mid-day report (read here) while challenging its all-time high with above average volume behind today's gap up and 4th consecutive gain. It formed an orderly 10-week base and a new pivot point was cited based on its 3/15/21 high plus 10 cents. Subsequent gains for new highs (N criteria) and a strong close above its pivot point backed by at least +40% above average volume is needed to trigger a proper technical buy signal.
It has a 97 Earnings Per Share Rating. Bullish action came after it reported earnings +359% on +43% sales revenues for the Apr '21 quarter versus the year-ago period, its 4th consecutive quarterly earnings increase above the +25% minimum guideline (C criteria) with accelerating sales revenues growth rate. Annual earnings (A criteria) history has been strong.
The high-ranked SPECIALTY RETAIL - Auto Dealerships saw the number of top-rated funds owning its shares rise from 307 on Dec '20 to 323 in Mar '21, a reassuring sign concerning the I criteria. It has an Accumulation/Distribution rating of B- and a Timeliness rating of B. Its small supply (S criteria) of only 6.6 million shares can contribute to greater price volatility in the event of institutional buying or selling.
