Wall Street brokerages expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to announce earnings per share (EPS) of $1.10 for the current quarter, Zacks reports. 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 indicate a positive year over year growth rate of 39.2%. The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, November 15th.
On average, analysts expect that America’s Car-Mart will report full year earnings of $5.34 per share for the current financial year, with EPS estimates ranging from $5.15 to $5.56. For the next year, analysts forecast that the company will post earnings of $6.10 per share, with EPS estimates ranging from $5.65 to $6.87. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow America’s Car-Mart.
America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, August 16th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.15 by $0.38. The company had revenue of $164.02 million during the quarter, compared to analysts’ expectations of $161.39 million. America’s Car-Mart had a return on equity of 13.52% and a net margin of 6.41%.
Several analysts have commented on the company. BidaskClub upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. Bank of America lifted their price target on America’s Car-Mart from $74.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Janney Montgomery Scott upgraded America’s Car-Mart from a “neutral” rating to a “buy” rating and lifted their price target for the company from $61.00 to $96.00 in a report on Monday, August 20th. Stephens set a $84.00 target price on America’s Car-Mart and gave the stock a “hold” rating in a report on Monday, August 20th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $82.00 target price on shares of America’s Car-Mart in a report on Friday, August 17th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $86.20.
CRMT opened at $77.14 on Friday. The stock has a market capitalization of $530.98 million, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 0.74 and a beta of 1.01. America’s Car-Mart has a 12 month low of $40.15 and a 12 month high of $89.85.
In other America’s Car-Mart news, Director Ray C. Dillon bought 750 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were bought at an average cost of $83.41 per share, with a total value of $62,557.50. Following the transaction, the director now directly owns 1,500 shares in the company, valued at approximately $125,115. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ray C. Dillon bought 1,000 shares of the business’s stock in a transaction on Friday, September 21st. The stock was acquired at an average cost of $80.45 per share, for a total transaction of $80,450.00. Following the completion of the transaction, the director now owns 2,500 shares in the company, valued at $201,125. The disclosure for this purchase can be found here. Insiders own 10.00% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CRMT. Russell Investments Group Ltd. acquired a new position in shares of America’s Car-Mart in the 2nd quarter valued at approximately $207,000. Jane Street Group LLC acquired a new position in shares of America’s Car-Mart in the 2nd quarter valued at approximately $235,000. Tower Research Capital LLC TRC acquired a new position in shares of America’s Car-Mart in the 2nd quarter valued at approximately $272,000. Spark Investment Management LLC acquired a new stake in shares of America’s Car-Mart during the 2nd quarter valued at approximately $297,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of America’s Car-Mart during the 2nd quarter valued at approximately $316,000. 70.45% of the stock is currently owned by institutional investors.
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 June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.
Further Reading: Growth Stocks
Get a free copy of the Zacks research report on America’s Car-Mart (CRMT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for America's Car-Mart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America's Car-Mart and related companies with MarketBeat.com's FREE daily email newsletter.