Zacks: Analysts Expect America’s Car-Mart, Inc. (NASDAQ:CRMT) Will Post Earnings of $1.85 Per Share

Equities analysts expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to report earnings per share (EPS) of $1.85 for the current quarter, Zacks reports. Two analysts have made estimates for America’s Car-Mart’s earnings. The lowest EPS estimate is $1.80 and the highest is $1.89. America’s Car-Mart reported earnings of $1.58 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.1%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, November 18th.

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On average, analysts expect that America’s Car-Mart will report full-year earnings of $7.82 per share for the current fiscal year, with EPS estimates ranging from $7.35 to $8.27. For the next fiscal year, analysts forecast that the company will report earnings of $8.11 per share, with EPS estimates ranging from $7.75 to $8.39. Zacks’ EPS calculations are an average based on a survey of research analysts that cover America’s Car-Mart.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, August 15th. The company reported $2.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.54. America’s Car-Mart had a net margin of 7.72% and a return on equity of 20.25%. The business had revenue of $171.88 million for the quarter, compared to analysts’ expectations of $175.34 million. During the same quarter last year, the company earned $1.40 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year.

Several brokerages have commented on CRMT. BidaskClub upgraded shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. ValuEngine upgraded shares of America’s Car-Mart from a “strong sell” rating to a “sell” rating in a report on Friday, November 1st. Buckingham Research raised their target price on shares of America’s Car-Mart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Finally, Zacks Investment Research upgraded shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $106.00 target price for the company in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $102.60.

In other news, Director William H. Henderson sold 1,500 shares of America’s Car-Mart stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $84.88, for a total value of $127,320.00. Following the transaction, the director now owns 115,830 shares of the company’s stock, valued at $9,831,650.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Leonard L. Walthall sold 1,000 shares of America’s Car-Mart stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.00, for a total transaction of $90,000.00. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. raised its position in shares of America’s Car-Mart by 12.2% in the second quarter. Hillsdale Investment Management Inc. now owns 8,300 shares of the company’s stock valued at $714,000 after purchasing an additional 900 shares during the period. Capital Fund Management S.A. bought a new position in shares of America’s Car-Mart in the second quarter valued at approximately $267,000. Hennessy Advisors Inc. bought a new position in shares of America’s Car-Mart in the second quarter valued at approximately $2,780,000. Virginia Retirement Systems ET AL raised its position in shares of America’s Car-Mart by 59.7% in the second quarter. Virginia Retirement Systems ET AL now owns 21,400 shares of the company’s stock valued at $1,842,000 after purchasing an additional 8,000 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of America’s Car-Mart by 47.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 523 shares of the company’s stock valued at $45,000 after purchasing an additional 169 shares during the period. 75.17% of the stock is currently owned by institutional investors.

Shares of CRMT stock traded down $4.12 during trading hours on Friday, reaching $90.79. The stock had a trading volume of 75,700 shares, compared to its average volume of 103,322. America’s Car-Mart has a twelve month low of $66.26 and a twelve month high of $104.05. The firm has a 50-day simple moving average of $90.05 and a 200-day simple moving average of $89.81. The firm has a market capitalization of $630.84 million, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.03 and a quick ratio of 1.85.

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 February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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Earnings History and Estimates for America`s Car-Mart (NASDAQ:CRMT)

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