Wall Street analysts expect America's Car-Mart, Inc. (NASDAQ:CRMT) to post earnings per share (EPS) of $0.55 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for America's Car-Mart’s earnings. America's Car-Mart reported earnings of $0.35 per share in the same quarter last year, which would indicate a positive year over year growth rate of 57.1%. The business is scheduled to announce its next quarterly earnings report on Monday, February 19th.
On average, analysts expect that America's Car-Mart will report full year earnings of $3.04 per share for the current fiscal year, with EPS estimates ranging from $2.99 to $3.15. For the next financial year, analysts forecast that the business will post earnings of $3.50 per share, with EPS estimates ranging from $3.44 to $3.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for America's Car-Mart.
America's Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, November 16th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. The firm had revenue of $149.12 million during the quarter, compared to analysts’ expectations of $149.63 million. America's Car-Mart had a return on equity of 9.18% and a net margin of 3.58%. America's Car-Mart’s revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 earnings per share.
A number of research analysts have recently weighed in on the company. Jefferies Group raised their price target on America's Car-Mart from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, November 20th. Zacks Investment Research raised America's Car-Mart from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. BidaskClub lowered America's Car-Mart from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. Finally, ValuEngine raised America's Car-Mart from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $43.50.
In other America's Car-Mart news, CEO William H. Henderson sold 6,250 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $40.65, for a total value of $254,062.50. Following the sale, the chief executive officer now directly owns 93,440 shares of the company’s stock, valued at approximately $3,798,336. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert Cameron Smith sold 1,875 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $48.61, for a total value of $91,143.75. Following the completion of the sale, the director now directly owns 3,550 shares in the company, valued at $172,565.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,725 shares of company stock worth $471,150. Corporate insiders own 11.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Magnolia Group LLC raised its holdings in shares of America's Car-Mart by 84.1% during the 2nd quarter. Magnolia Group LLC now owns 826,885 shares of the company’s stock valued at $32,166,000 after buying an additional 377,841 shares during the period. Kennedy Capital Management Inc. raised its holdings in shares of America's Car-Mart by 21.3% during the 2nd quarter. Kennedy Capital Management Inc. now owns 292,843 shares of the company’s stock valued at $11,392,000 after buying an additional 51,481 shares during the period. Vanguard Group Inc. raised its holdings in shares of America's Car-Mart by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock valued at $13,549,000 after buying an additional 20,317 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of America's Car-Mart by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 570,077 shares of the company’s stock valued at $22,176,000 after buying an additional 19,794 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of America's Car-Mart during the 3rd quarter valued at about $515,000. 84.08% of the stock is currently owned by institutional investors and hedge funds.
America's Car-Mart (NASDAQ CRMT) traded down $0.05 during trading hours on Friday, reaching $45.55. The company’s stock had a trading volume of 30,700 shares, compared to its average volume of 62,764. The stock has a market capitalization of $326.04, a PE ratio of 16.52 and a beta of 0.94. America's Car-Mart has a 1 year low of $30.20 and a 1 year high of $49.40.
America's Car-Mart announced that its board has approved a share repurchase plan on Thursday, November 16th that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
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About America's Car-Mart
America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).
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