Zacks: Brokerages Anticipate America's Car-Mart, Inc. (CRMT) Will Announce Earnings of $0.55 Per Share

Analysts expect that America's Car-Mart, Inc. (NASDAQ:CRMT) will post earnings per share (EPS) of $0.55 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for America's Car-Mart’s earnings. America's Car-Mart posted earnings per share of $0.35 during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.1%. The company is expected to announce its next earnings report on Monday, February 19th.

On average, analysts expect that America's Car-Mart will report full-year earnings of $3.04 per share for the current year, with EPS estimates ranging from $2.99 to $3.15. For the next financial year, analysts expect that the business will post earnings of $3.50 per share, with EPS estimates ranging from $3.44 to $3.59. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for America's Car-Mart.

America's Car-Mart (NASDAQ:CRMT) last announced its earnings results on Thursday, November 16th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $149.12 million for the quarter, compared to analyst estimates of $149.63 million. America's Car-Mart had a return on equity of 9.18% and a net margin of 3.58%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded America's Car-Mart from a “hold” rating to a “strong sell” rating in a research note on Monday, October 23rd. ValuEngine upgraded America's Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Jefferies Group boosted their target price on America's Car-Mart from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, November 20th. Finally, BidaskClub downgraded America's Car-Mart from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.50.

In other America's Car-Mart news, Director Robert Cameron Smith sold 1,875 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $48.61, for a total transaction of $91,143.75. Following the completion of the sale, the director now directly owns 3,550 shares in the company, valued at $172,565.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William H. Henderson sold 6,250 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $40.65, for a total value of $254,062.50. Following the sale, the chief executive officer now owns 93,440 shares of the company’s stock, valued at $3,798,336. The disclosure for this sale can be found here. Insiders sold 10,725 shares of company stock valued at $471,150 over the last quarter. Insiders own 11.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Magnolia Group LLC boosted its holdings in America's Car-Mart by 7.3% in the third quarter. Magnolia Group LLC now owns 887,411 shares of the company’s stock valued at $36,495,000 after purchasing an additional 60,526 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in America's Car-Mart by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 573,608 shares of the company’s stock worth $23,590,000 after buying an additional 3,531 shares during the last quarter. Vanguard Group Inc. lifted its holdings in America's Car-Mart by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock worth $13,549,000 after buying an additional 20,317 shares during the last quarter. Kennedy Capital Management Inc. lifted its holdings in America's Car-Mart by 21.3% during the 2nd quarter. Kennedy Capital Management Inc. now owns 292,843 shares of the company’s stock worth $11,392,000 after buying an additional 51,481 shares during the last quarter. Finally, WCM Investment Management CA lifted its holdings in America's Car-Mart by 1.3% during the 3rd quarter. WCM Investment Management CA now owns 209,347 shares of the company’s stock worth $8,609,000 after buying an additional 2,690 shares during the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.

America's Car-Mart (CRMT) traded down $0.40 on Friday, reaching $45.15. The company’s stock had a trading volume of 26,200 shares, compared to its average volume of 62,616. The firm has a market capitalization of $319.99, a price-to-earnings ratio of 16.78 and a beta of 0.94. America's Car-Mart has a 52 week low of $30.20 and a 52 week high of $49.40.

America's Car-Mart declared that its board has approved a stock buyback plan on Thursday, November 16th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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About America's Car-Mart

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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Earnings History and Estimates for America's Car-Mart (NASDAQ:CRMT)

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