America's Car-Mart, Inc. (CRMT)
A publicly held automotive retailer in the United States. Its operations are conducted through two operating subsidiaries, America's Car-Mart, Inc and Colonial Auto Finance, Inc.
Recs
Technically, long term resistance was hit and have started to bounced south.
Fundamentally, though consumers will buy more used car than new ones in this economy. consumers don't necessary has the financing nor cash to buy A LOT of used cars. The bull run from 7 to 21 isn't justified. Retracement into the $15-17 zone is very likely in the next few months.
Recs
Down, down it goes. This fly-by-wire company will fail before the biggies do...no matter what their CEO says.
Recs
let luck be your guide!!!
Recs
Bad credit, deteriorating market.
Recs
Americas Car Mart has proven that it cannot grow revenues at a reasonable pace and is facing a declining profit scenario. In addition, their financing exposure to less than creditworthy customers will bite them badly in the end.

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