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home / news releases / PAG - America's Car-Mart Is A Clunker

PAG - America's Car-Mart Is A Clunker

Penske Automotive Group Inc.

2024-06-18 17:09:43 ET

Summary

  • America's Car-Mart, Inc. shares dropped 8% after disappointing financial results for the final quarter of the 2024 fiscal year.
  • Revenue exceeded forecasts, but earnings per share fell short due to rising interest expense and high provisions.
  • America's Car-Mart saw a decline in vehicle sales, an increase in debt, and a rise in interest expense, impacting profitability and investor confidence.

June 18th was a rather painful day for shareholders of America's Car-Mart, Inc. ( CRMT ). Shares of the company collapsed, dropping at one point around 8%. This came in response to management reporting financial results for the final quarter of the 2024 fiscal year. Even though revenue exceeded forecasts, earnings per share fell significantly short of what analysts anticipated....

For further details see:

America's Car-Mart Is A Clunker
Stock Information
Company Name: Penske Automotive Group Inc.
Stock Symbol: PAG
Market: NYSE
Website: penskeautomotive.com
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