Jefferies maintained a Hold rating on America's Car-Mart (NASDAQ: CRMT), and cut the price target to $29.00 (from $38.00), following the company's 2Q earnings report. CRMT reported 2Q16 EPS of $0.29 versus consensus of $0.71. Total revenues of $133M shrank 0.6% YoY. On the call management noted that the results this quarter were impacted by both company-specific issues as well as increased competition.

Analyst John Hecht commented, "CRMT reported F2Q16 EPS of $0.29, excluding the impact of its allowance build, missing both consensus and JEF estimates. We observe the quarter missed our estimates on both the revenue and expense side and have modestly lowered our estimate as a result. We believe CRMT continues to navigate some operational transitions in the near-term and we remain on the sidelines as a result. Reiterate Hold."

For an analyst ratings summary and ratings history on America's Car-Mart click here. For more ratings news on America's Car-Mart click here.

Shares of America's Car-Mart closed at $32.55 yesterday.

Analyst Comments Analyst EPS Change Analyst EPS View Analyst PT Change

Unusual 11 Mid-Day Movers 11/20: (KBIO) (MCUR) (SRPT) Higher; (NMBL) (APTO) (MENT) LowerNovember 20, 2015 12:46 PM America's Car Mart (CRMT) Misses Q2 EPS. Revenue ExpectationsNovember 19, 2015 8:25 PM America's Car-Mart Reports Loss per Share of ($.06) on Revenues of $133 Million (Results Reflect a $3 Million, or $.34 per Diluted Share, Non-Cash After-Tax Charge Resulting From an Increase to tNovember 19, 2015 6:18 PM America's Car-Mart Reports Loss per Share of ($.06) on Revenues of $133 Million (Results Reflect a $3 Million, or $.34 per Diluted Share, Non-Cash After-Tax Charge Resulting From an Increase to tNovember 19, 2015 6:18 PM America's Car Mart (CRMT) Halted, News PendingNovember 19, 2015 4:55 PM