Wall Street analysts forecast that America’s Car-Mart, Inc. (NASDAQ:CRMT) will report earnings per share (EPS) of $0.99 for the current quarter, Zacks Investment Research reports. Two analysts have issued 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 per share of $0.72 in the same quarter last year, which suggests a positive year over year growth rate of 37.5%. The business is expected to issue its next earnings results 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 anticipate 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 averages are a mean average based on a survey of sell-side analysts that follow America’s Car-Mart.
America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results 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 business had revenue of $147.20 million for the quarter, compared to the consensus estimate of $136.55 million. America’s Car-Mart had a net margin of 5.30% and a return on equity of 9.91%. America’s Car-Mart’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS.
A number of brokerages recently weighed in on CRMT. ValuEngine downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. BidaskClub upgraded shares of America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 27th. Zacks Investment Research upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Wednesday, January 17th. Finally, Stephens set a $50.00 target price on shares of America’s Car-Mart and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. America’s Car-Mart has a consensus rating of “Buy” and a consensus target price of $49.00.
Shares of NASDAQ:CRMT opened at $52.40 on Thursday. The company has a market capitalization of $360.46, a P/E ratio of 17.31 and a beta of 0.86. America’s Car-Mart has a fifty-two week low of $33.05 and a fifty-two week high of $52.90.
In other America’s Car-Mart news, Director William H. Henderson sold 15,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 147,794 shares in the company, valued at approximately $7,292,155.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Henderson sold 3,454 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $50.00, for a total transaction of $172,700.00. Following the sale, the director now owns 137,190 shares in the company, valued at $6,859,500. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock worth $1,484,327 over the last 90 days. Corporate insiders own 11.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. WCM Investment Management CA grew its stake in shares of America’s Car-Mart by 85.5% during the 4th quarter. WCM Investment Management CA now owns 388,282 shares of the company’s stock worth $17,337,000 after acquiring an additional 178,935 shares in the last quarter. SG Capital Management LLC bought a new position in shares of America’s Car-Mart during the 4th quarter worth approximately $5,043,000. Goldman Sachs Group Inc. grew its stake in shares of America’s Car-Mart by 54.6% during the 4th 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 in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of America’s Car-Mart during the 4th quarter worth approximately $691,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of America’s Car-Mart during the 4th quarter worth approximately $658,000. Hedge funds and other institutional investors own 82.35% of the company’s stock.
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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 April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.
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