Equities analysts expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to report $1.05 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for America’s Car-Mart’s earnings. The highest EPS estimate is $1.10 and the lowest is $1.00. America’s Car-Mart reported earnings per share of $0.79 during the same quarter last year, which indicates a positive year-over-year growth rate of 32.9%. The business is scheduled to report its next quarterly earnings report on Thursday, November 15th.
According to Zacks, analysts expect that America’s Car-Mart will report full-year earnings of $4.90 per share for the current financial year, with EPS estimates ranging from $4.47 to $5.46. For the next fiscal year, analysts forecast that the business will report earnings of $5.73 per share, with EPS estimates ranging from $4.88 to $6.87. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover America’s Car-Mart.
America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, August 16th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.38. America’s Car-Mart had a net margin of 6.42% and a return on equity of 13.63%. The firm had revenue of $164.02 million during the quarter, compared to analysts’ expectations of $161.39 million.
Several research analysts have recently weighed in on CRMT shares. BidaskClub raised shares of America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 21st. TheStreet raised shares of America’s Car-Mart from a “c+” rating to a “b” rating in a report on Wednesday, August 15th. Janney Montgomery Scott boosted their price objective on shares of America’s Car-Mart from $53.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, May 23rd. Jefferies Financial Group restated a “hold” rating and set a $82.00 target price on shares of America’s Car-Mart in a research report on Friday, August 17th. Finally, Stephens set a $84.00 target price on shares of America’s Car-Mart and gave the company a “hold” rating in a research report on Monday, August 20th. Two equities research 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’s stock. America’s Car-Mart has an average rating of “Buy” and a consensus target price of $84.25.
Shares of CRMT traded down $1.20 during mid-day trading on Wednesday, hitting $81.45. 7,558 shares of the company traded hands, compared to its average volume of 87,697. America’s Car-Mart has a 1 year low of $38.45 and a 1 year high of $89.85.
In related news, CFO Vickie D. Judy sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $66.17, for a total transaction of $165,425.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Magnolia Capital Fund, Lp sold 3,150 shares of the business’s stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of $67.10, for a total transaction of $211,365.00. The disclosure for this sale can be found here. Insiders have sold 220,521 shares of company stock valued at $14,233,009 over the last 90 days. 10.00% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in America’s Car-Mart by 1.1% during the first quarter. BlackRock Inc. now owns 518,390 shares of the company’s stock valued at $26,152,000 after buying an additional 5,526 shares during the period. Landscape Capital Management L.L.C. boosted its position in shares of America’s Car-Mart by 58.2% in the first quarter. Landscape Capital Management L.L.C. now owns 24,490 shares of the company’s stock worth $1,236,000 after purchasing an additional 9,011 shares during the period. Hussman Strategic Advisors Inc. boosted its position in shares of America’s Car-Mart by 400.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 11,000 shares of the company’s stock worth $681,000 after purchasing an additional 8,800 shares during the period. Engineers Gate Manager LP bought a new position in shares of America’s Car-Mart in the second quarter worth approximately $366,000. Finally, EAM Global Investors LLC bought a new position in shares of America’s Car-Mart in the second quarter worth approximately $1,220,000. Institutional investors own 69.09% of the company’s stock.
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.
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