Equities research analysts forecast that America's Car-Mart, Inc. (NASDAQ:CRMT) will announce sales of $136.89 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for America's Car-Mart’s earnings. The lowest sales estimate is $135.71 million and the highest is $138.07 million. America's Car-Mart posted sales of $138.78 million during the same quarter last year, which suggests a negative year over year growth rate of 1.4%. The firm is expected to announce its next quarterly earnings results on Monday, February 19th.
On average, analysts expect that America's Car-Mart will report full-year sales of $136.89 million for the current financial year, with estimates ranging from $584.98 million to $585.64 million. For the next financial year, analysts expect that the business will post sales of $599.96 million per share, with estimates ranging from $594.91 million to $605.02 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow America's Car-Mart.
America's Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Thursday, November 16th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $149.12 million during the quarter, compared to the consensus estimate of $149.63 million. America's Car-Mart had a return on equity of 9.18% and a net margin of 3.58%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS.
CRMT has been the subject of several research analyst reports. ValuEngine raised America's Car-Mart from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. BidaskClub downgraded America's Car-Mart from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. Zacks Investment Research downgraded America's Car-Mart from a “hold” rating to a “strong sell” rating in a research note on Monday, October 23rd. Stephens set a $50.00 price objective on America's Car-Mart and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Finally, Jefferies Group increased their price objective on America's Car-Mart from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $49.00.
Shares of America's Car-Mart (NASDAQ:CRMT) traded down $0.25 during trading on Friday, reaching $45.60. The company had a trading volume of 55,650 shares, compared to its average volume of 38,917. The stock has a market cap of $335.70, a P/E ratio of 16.89 and a beta of 0.95. 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 of Directors has initiated a stock repurchase program on Thursday, November 16th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.
In related news, Director Robert Cameron Smith sold 1,875 shares of the 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 of the company’s stock, valued at approximately $172,565.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.70% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in shares of America's Car-Mart by 3,157.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the company’s stock valued at $137,000 after acquiring an additional 3,410 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of America's Car-Mart during the 4th quarter valued at about $156,000. Voya Investment Management LLC acquired a new position in shares of America's Car-Mart during the 2nd quarter valued at about $206,000. Smith Moore & CO. acquired a new position in shares of America's Car-Mart during the 3rd quarter valued at about $206,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of America's Car-Mart by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,155 shares of the company’s stock valued at $240,000 after acquiring an additional 112 shares during the last quarter. 83.80% of the stock is owned by institutional investors.
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America's Car-Mart Company Profile
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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