Analysts predict that America’s Car-Mart, Inc. (NASDAQ:CRMT) will report earnings of $0.99 per share for the current quarter, Zacks reports. Two analysts have provided estimates for America’s Car-Mart’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $1.03. America’s Car-Mart reported earnings of $0.72 per share during the same quarter last year, which suggests a positive year over year growth rate of 37.5%. The firm is scheduled to report its next earnings report on Monday, May 28th.
On average, analysts expect that America’s Car-Mart will report full year earnings of $3.26 per share for the current fiscal year, with EPS estimates ranging from $3.23 to $3.29. For the next financial year, analysts forecast that the business will post earnings of $4.33 per share, with EPS estimates ranging from $4.26 to $4.40. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for America’s Car-Mart.
America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Monday, February 19th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The firm had revenue of $147.20 million for the quarter, compared to analyst estimates of $136.55 million. America’s Car-Mart had a net margin of 5.30% and a return on equity of 9.91%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share.
A number of equities research analysts have recently weighed in on CRMT shares. Zacks Investment Research raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, January 17th. ValuEngine upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. BidaskClub upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, Stephens set a $50.00 target price on shares of America’s Car-Mart and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. America’s Car-Mart has an average rating of “Buy” and a consensus price target of $49.00.
Shares of CRMT traded up $0.05 during trading hours on Thursday, reaching $51.50. 25,919 shares of the company traded hands, compared to its average volume of 37,830. The firm has a market capitalization of $353.89, a PE ratio of 20.20 and a beta of 0.86. America’s Car-Mart has a 12-month low of $33.05 and a 12-month high of $52.45.
In related news, Director William H. Henderson sold 3,454 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $50.00, for a total transaction of $172,700.00. Following the completion of the transaction, the director now directly owns 137,190 shares in the company, valued at $6,859,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William H. Henderson sold 15,000 shares of the business’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $49.34, for a total transaction of $740,100.00. Following the transaction, the director now owns 147,794 shares of the company’s stock, valued at $7,292,155.96. The disclosure for this sale can be found here. Insiders have sold 30,000 shares of company stock valued at $1,484,327 over the last 90 days. 11.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CRMT. WCM Investment Management CA lifted its position in America’s Car-Mart by 85.5% during the fourth quarter. WCM Investment Management CA now owns 388,282 shares of the company’s stock valued at $17,337,000 after purchasing an additional 178,935 shares during the period. SG Capital Management LLC acquired a new position in shares of America’s Car-Mart in the fourth quarter worth about $5,043,000. Goldman Sachs Group Inc. raised its position in shares of America’s Car-Mart by 54.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 72,628 shares of the company’s stock worth $3,242,000 after acquiring an additional 25,656 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of America’s Car-Mart in the fourth quarter worth about $691,000. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of America’s Car-Mart in the fourth quarter worth about $658,000. Institutional investors own 82.21% of the company’s stock.
America’s Car-Mart Company Profile
America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.
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