America's Car-Mart Posts Mixed Results; Bullish Stance On Stryker
- September 05th, 2023
- 512 views
America's Car-Mart, Inc. (Nasdaq: CRMT), an automotive retail company, posted first-quarter fiscal 2024 earnings of $0.63 per share, falling short of the consensus EPS estimate of $0.98. Quarterly sales for the company reached $368.00 million, slightly surpassing analysts' projected revenue of $364.84 million for the period.
$CRMT was trading at $98.88 in pre-market, downf $14.65 (-12.90%).
In other news, BofA Securities upgraded Stryker Corporation (NYSE: SYK), a prominent medical technology company, from Neutral to Buy and increased the price target from $310 to $315.
With $SYK closing at $284.45 on Friday, the revised price target indicates a potential upside of $30.55 or approximately 10.75%, as projected by the financial advisory firm's assessment.
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