Zacks: Analysts Anticipate America’s Car-Mart, Inc. (CRMT) Will Post Earnings of $0.99 Per Share

Equities research analysts predict that America’s Car-Mart, Inc. (NASDAQ:CRMT) will report earnings per share of $0.99 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for America’s Car-Mart’s earnings, with the highest EPS estimate coming in at $1.03 and the lowest estimate coming in at $0.94. America’s Car-Mart posted 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 company is expected to announce its next quarterly earnings report on Monday, May 28th.

According to Zacks, 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 year, analysts expect that the company will report earnings of $4.33 per share, with EPS estimates ranging from $4.26 to $4.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow America’s Car-Mart.

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America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Monday, February 19th. The company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.06. The business had revenue of $147.20 million for the quarter, compared to analysts’ expectations of $136.55 million. America’s Car-Mart had a return on equity of 9.91% and a net margin of 5.30%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS.

A number of equities analysts have commented on the company. BidaskClub raised America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 27th. Zacks Investment Research raised America’s Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, January 17th. ValuEngine raised America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Finally, Stephens set a $50.00 price target on America’s Car-Mart and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. America’s Car-Mart has a consensus rating of “Buy” and a consensus target price of $49.00.

In other news, Director William H. Henderson sold 11,546 shares of America’s Car-Mart stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $49.50, for a total value of $571,527.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director William H. Henderson sold 3,454 shares of America’s Car-Mart stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $50.00, for a total value of $172,700.00. Following the completion of 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. 11.70% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of America’s Car-Mart by 0.6% in 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. BlackRock Inc. grew its position in shares of America’s Car-Mart by 2.1% in the 4th quarter. BlackRock Inc. now owns 512,864 shares of the company’s stock worth $22,900,000 after buying an additional 10,680 shares during the last quarter. WCM Investment Management CA grew its position in shares of America’s Car-Mart by 85.5% in the 4th quarter. WCM Investment Management CA now owns 388,282 shares of the company’s stock worth $17,337,000 after buying an additional 178,935 shares during the last quarter. State Street Corp boosted its position in shares of America’s Car-Mart by 5.0% during the second quarter. State Street Corp now owns 144,997 shares of the company’s stock valued at $5,641,000 after purchasing an additional 6,957 shares in the last quarter. Finally, SG Capital Management LLC bought a new stake in shares of America’s Car-Mart during the fourth quarter valued at approximately $5,043,000. Hedge funds and other institutional investors own 82.21% of the company’s stock.

America’s Car-Mart stock traded down $1.00 during trading hours on Monday, reaching $49.45. The company had a trading volume of 33,610 shares, compared to its average volume of 38,716. The stock has a market capitalization of $349.04, a P/E ratio of 19.39 and a beta of 0.86. America’s Car-Mart has a 12-month low of $33.05 and a 12-month high of $51.65.

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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 April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.

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

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