What Happened?
Shares of used-car retailer America’s Car-Mart (NASDAQ: CRMT) jumped 3.5% in the morning session after the company announced it had regained compliance with Nasdaq's periodic filing requirements, ensuring its continued listing on the exchange. The used car retailer confirmed it had satisfied Nasdaq's Listing Rule 5250(c)(1) after submitting its Annual Report on Form 10-K for the fiscal year ended April 30, 2025. This confirmation from Nasdaq's Listing Qualifications Department closes the matter, removing the risk of delisting and providing clarity for investors.
After the initial pop the shares cooled down to $45.07, down 0.4% from previous close.
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What Is The Market Telling Us
America's Car-Mart’s shares are very volatile and have had 24 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was about 21 hours ago when the stock dropped 3.1% on the news that a hotter-than-expected wholesale inflation report fueled concerns about slowing consumer spending. The market was rattled by a Labor Department report showing the Producer Price Index (PPI), a measure of wholesale inflation, jumped 0.9% in July, significantly exceeding economists' expectations of a 0.2% rise. This was the largest monthly increase since March 2022, reigniting worries that businesses will be forced to pass higher costs on to consumers, who are already showing signs of price sensitivity. This inflation data has fanned concerns that U.S. tariffs on imported goods could start to translate into higher prices for shoppers. The inflation report landed amid growing evidence of consumer caution, with recent reports highlighting that shoppers are cutting back on non-essential spending, seeking out sales, and trading down to cheaper brands.
America's Car-Mart is down 9.5% since the beginning of the year, and at $45.07 per share, it is trading 28.4% below its 52-week high of $62.92 from August 2024. Investors who bought $1,000 worth of America's Car-Mart’s shares 5 years ago would now be looking at an investment worth $427.97.
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