Analysts expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to post sales of $158.22 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for America’s Car-Mart’s earnings, with estimates ranging from $158.17 million to $158.26 million. America’s Car-Mart posted sales of $152.92 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The firm is expected to announce its next quarterly earnings report on Monday, May 28th.
On average, analysts expect that America’s Car-Mart will report full year sales of $600.97 million for the current financial year, with estimates ranging from $600.92 million to $601.01 million. For the next year, analysts anticipate that the company will post sales of $583.17 million per share, with estimates ranging from $540.01 million to $626.32 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover America’s Car-Mart.
America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Monday, February 19th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The business had revenue of $147.20 million during the quarter, compared to analysts’ expectations of $136.55 million. America’s Car-Mart had a return on equity of 9.91% and a net margin of 5.30%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 earnings per share.
A number of brokerages have commented on CRMT. BidaskClub cut America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. ValuEngine lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. 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, Zacks Investment Research raised America’s Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, January 17th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $49.00.
In other news, Director William H. Henderson sold 11,546 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $49.50, for a total value of $571,527.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William H. Henderson sold 15,000 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $49.34, for a total value of $740,100.00. Following the completion of the transaction, the director now directly owns 147,794 shares of the company’s stock, valued at approximately $7,292,155.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,000 shares of company stock valued at $1,484,327. Corporate insiders own 11.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. bought a new position in shares of America’s Car-Mart in the fourth quarter worth about $691,000. Brandywine Global Investment Management LLC boosted its stake in America’s Car-Mart by 27.0% during the fourth quarter. Brandywine Global Investment Management LLC now owns 5,262 shares of the company’s stock valued at $235,000 after buying an additional 1,119 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in America’s Car-Mart by 54.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 72,628 shares of the company’s stock valued at $3,242,000 after buying an additional 25,656 shares during the last quarter. Wells Fargo & Company MN boosted its stake in America’s Car-Mart by 46.9% during the third quarter. Wells Fargo & Company MN now owns 9,725 shares of the company’s stock valued at $400,000 after buying an additional 3,105 shares during the last quarter. Finally, WCM Investment Management CA boosted its stake 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 buying an additional 178,935 shares during the last quarter. 82.21% of the stock is owned by hedge funds and other institutional investors.
Shares of CRMT opened at $52.10 on Friday. The stock has a market capitalization of $355.96, a price-to-earnings ratio of 20.43 and a beta of 0.86. America’s Car-Mart has a 52 week low of $33.05 and a 52 week high of $52.45.
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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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