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Small-Cap Snapshot: America’s Car Mart revs up earnings, blockchain meets freight transportation

Roadrunner Transportation Systems joined the Blockchain in Transport Alliance in an effort to apply the technology across the industry

Car lot
The used car dealer easily beat Wall Street estimates

It was a tough Tuesday for the small-cap indices with the Russell 2000 and the S&P 600 seeing a slight decline. On the bright side, the Russell 2000 has been reaching all-time highs lately.

America’s Car Mart Inc (NASDAQ:CRMT) was a top gainer of the day after the used car seller revved up its earnings to US$1.43 on revenue of US$169mln, beating Wall Street estimates of US$0.98 EPS on revenue of US$158.73mln. Based in Arkansas since 1981, the company has a “buy here pay here” service which allows customers to purchase, finance and make payments on their car all in one place. Shares of the company were up nearly 15% to US$62.65.

Construction company Dycom Industries Inc (NYSE:DY) saw its shares fall after announcing lower-than-expected first quarter earnings and lowered guidance. The company reported earnings of US$0.53 per share on revenue of US$731.4mln versus Wall Street estimates of US$0.70 EPS on revenue of $734.86mln. The specialty contracting services company provides the labor and tools to telecommunication companies like AT&T Inc (NYSE:T) and Verizon Communications Inc (NYSE:VZ), installing the fiber-optic wiring necessary for phone and cable services. Shares were down nearly 20% to US$92.93.

READ: Melinta Therapeutics Inc. shares plunge after US$75mln stock offering

Melinta Therapeutics Inc (NASDAQ:MLNT) announced a public offering of its common stock, sending the pharmaceutical company’s shares falling double digits. The Connecticut-based company develops antibiotics to treat bacterial infections and then uses the proceeds to invest in other antibiotics. Shares were down more than 10% to US$6.55.

Roadrunner Transportation Systems Inc (NYSE:RRTS) shares jumped more than 9% to US$2.42. The freight transportation company recently joined the Blockchain in Transport Alliance, a group that wants to digitalize the supply chain and develop industry-wide blockchain standards.

Quick facts: America's Car-Mart, Inc.

Price: 87.01 USD

NASDAQ:CRMT
Market: NASDAQ
Market Cap: $595.33 m
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