Wall Street brokerages expect that America’s Car-Mart, Inc. (NASDAQ:CRMT) will post $176.99 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for America’s Car-Mart’s earnings. The highest sales estimate is $180.73 million and the lowest is $173.25 million. America’s Car-Mart posted sales of $161.05 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.9%. The firm is expected to issue its next earnings results on Tuesday, February 18th.
According to Zacks, analysts expect that America’s Car-Mart will report full year sales of $728.64 million for the current year, with estimates ranging from $721.23 million to $736.05 million. For the next fiscal year, analysts forecast that the business will post sales of $766.53 million, with estimates ranging from $752.53 million to $780.52 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow America’s Car-Mart.
America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Monday, November 18th. The company reported $2.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.15. America’s Car-Mart had a return on equity of 20.59% and a net margin of 7.84%. The business had revenue of $190.00 million during the quarter, compared to analyst estimates of $173.47 million. During the same period in the previous year, the company posted $1.58 EPS. America’s Car-Mart’s revenue was up 13.8% on a year-over-year basis.
Several equities analysts recently issued reports on the stock. Zacks Investment Research lifted their price objective on shares of America’s Car-Mart to $113.25 in a report on Friday, December 20th. BidaskClub upgraded America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Thursday, November 21st. Finally, ValuEngine cut America’s Car-Mart from a “sell” rating to a “strong sell” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $108.31.
A number of institutional investors and hedge funds have recently bought and sold shares of CRMT. Russell Investments Group Ltd. bought a new position in shares of America’s Car-Mart during the 3rd quarter worth approximately $6,419,000. Marshall Wace LLP grew its holdings in America’s Car-Mart by 159.6% in the second quarter. Marshall Wace LLP now owns 104,366 shares of the company’s stock worth $8,984,000 after purchasing an additional 64,166 shares during the last quarter. Citadel Advisors LLC increased its position in shares of America’s Car-Mart by 64.2% during the second quarter. Citadel Advisors LLC now owns 100,380 shares of the company’s stock worth $8,641,000 after purchasing an additional 39,231 shares in the last quarter. Mackay Shields LLC acquired a new position in shares of America’s Car-Mart during the third quarter worth $3,484,000. Finally, Nuveen Asset Management LLC acquired a new position in shares of America’s Car-Mart during the second quarter worth $2,281,000. Institutional investors own 77.74% of the company’s stock.
Shares of CRMT traded down $0.49 during mid-day trading on Monday, hitting $109.55. The company’s stock had a trading volume of 31,052 shares, compared to its average volume of 49,132. The company has a current ratio of 1.97, a quick ratio of 1.79 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average is $107.67 and its 200-day moving average is $94.20. America’s Car-Mart has a 52-week low of $67.61 and a 52-week high of $111.11. The firm has a market capitalization of $726.79 million, a price-to-earnings ratio of 13.99, a PEG ratio of 1.84 and a beta of 0.88.
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 February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.
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