America’s Car-Mart, Inc. (CRMT) Expected to Post Earnings of $1.10 Per Share

Equities analysts expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to announce earnings of $1.10 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for America’s Car-Mart’s earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.20. America’s Car-Mart posted earnings of $0.79 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 39.2%. The business is expected to issue its next quarterly earnings results on Thursday, November 15th.

According to Zacks, analysts expect that America’s Car-Mart will report full-year earnings of $5.34 per share for the current year, with EPS estimates ranging from $5.15 to $5.56. For the next fiscal year, analysts forecast that the firm will post earnings of $6.10 per share, with EPS estimates ranging from $5.65 to $6.87. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for America’s Car-Mart.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, August 16th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.38. The company had revenue of $164.02 million for the quarter, compared to analysts’ expectations of $161.39 million. America’s Car-Mart had a return on equity of 13.53% and a net margin of 6.42%.

CRMT has been the topic of several research reports. BidaskClub raised America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 21st. TheStreet raised America’s Car-Mart from a “c+” rating to a “b” rating in a research report on Wednesday, August 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $82.00 price objective on shares of America’s Car-Mart in a research report on Friday, August 17th. Stephens set a $84.00 price objective on America’s Car-Mart and gave the company a “hold” rating in a research report on Monday, August 20th. Finally, Janney Montgomery Scott raised America’s Car-Mart from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $61.00 to $96.00 in a research report on Monday, August 20th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $86.20.

In other news, major shareholder Magnolia Capital Fund, Lp sold 55,597 shares of America’s Car-Mart stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $64.16, for a total transaction of $3,567,103.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray C. Dillon bought 750 shares of the stock in a transaction dated Tuesday, September 4th. The shares were acquired at an average price of $83.41 per share, with a total value of $62,557.50. Following the completion of the acquisition, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $125,115. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 117,912 shares of company stock worth $7,632,310. Insiders own 10.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of America’s Car-Mart during the second quarter valued at approximately $235,000. Millennium Management LLC purchased a new position in shares of America’s Car-Mart during the second quarter valued at approximately $1,373,000. Tower Research Capital LLC TRC purchased a new position in shares of America’s Car-Mart during the second quarter valued at approximately $272,000. Paloma Partners Management Co purchased a new position in shares of America’s Car-Mart during the second quarter valued at approximately $340,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of America’s Car-Mart during the second quarter valued at approximately $316,000. Hedge funds and other institutional investors own 71.09% of the company’s stock.

Shares of NASDAQ CRMT traded down $0.30 during trading hours on Friday, hitting $78.35. The company’s stock had a trading volume of 39,718 shares, compared to its average volume of 51,863. The stock has a market capitalization of $543.09 million, a PE ratio of 26.21, a PEG ratio of 0.76 and a beta of 1.04. America’s Car-Mart has a 12 month low of $40.15 and a 12 month high of $89.85.

About America’s Car-Mart

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 June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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