Analysts Anticipate America’s Car-Mart, Inc. (NASDAQ:CRMT) to Announce $1.49 Earnings Per Share

Brokerages expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to post $1.49 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for America’s Car-Mart’s earnings, with the lowest EPS estimate coming in at $1.32 and the highest estimate coming in at $1.66. America’s Car-Mart reported earnings of $2.21 per share during the same quarter last year, which indicates a negative year over year growth rate of 32.6%. The company is expected to issue its next quarterly earnings report on Thursday, August 20th.

According to Zacks, analysts expect that America’s Car-Mart will report full-year earnings of $6.82 per share for the current year, with EPS estimates ranging from $5.55 to $7.97. For the next year, analysts expect that the company will report earnings of $8.70 per share. Zacks’ earnings per share averages are a mean 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 issued its quarterly earnings results on Thursday, May 21st. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. The business had revenue of $195.69 million during the quarter, compared to the consensus estimate of $169.16 million. America’s Car-Mart had a net margin of 6.90% and a return on equity of 17.92%.

A number of brokerages have weighed in on CRMT. Stephens raised shares of America’s Car-Mart from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $139.00 to $72.00 in a research report on Friday, March 27th. Janney Montgomery Scott cut shares of America’s Car-Mart from a “buy” rating to a “neutral” rating in a research report on Thursday, February 13th. Bank of America lifted their price target on shares of America’s Car-Mart from $137.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Zacks Investment Research boosted their target price on shares of America’s Car-Mart to $92.25 in a research report on Thursday, May 28th. Finally, TheStreet raised shares of America’s Car-Mart from a “c+” rating to a “b-” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. America’s Car-Mart currently has an average rating of “Hold” and a consensus price target of $103.81.

America’s Car-Mart stock traded up $1.16 during trading on Thursday, reaching $87.40. The company had a trading volume of 57,500 shares, compared to its average volume of 107,651. America’s Car-Mart has a 12-month low of $35.18 and a 12-month high of $129.70. The stock’s 50 day moving average price is $68.37 and its two-hundred day moving average price is $89.73. The firm has a market capitalization of $543.88 million, a price-to-earnings ratio of 11.83, a PEG ratio of 1.45 and a beta of 1.46. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.79 and a current ratio of 1.99.

In other America’s Car-Mart news, Director Gremp Jim Von bought 1,500 shares of the stock in a transaction on Friday, March 20th. The stock was purchased at an average price of $41.50 per share, for a total transaction of $62,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann G. Bordelon bought 1,325 shares of the stock in a transaction on Wednesday, March 18th. The shares were acquired at an average price of $43.86 per share, with a total value of $58,114.50. Following the purchase, the director now owns 1,325 shares of the company’s stock, valued at $58,114.50. The disclosure for this purchase can be found here. 10.00% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. WCM Investment Management LLC grew its position in shares of America’s Car-Mart by 21.0% during the fourth quarter. WCM Investment Management LLC now owns 214,137 shares of the company’s stock worth $23,482,000 after acquiring an additional 37,094 shares during the last quarter. EAM Investors LLC bought a new position in shares of America’s Car-Mart during the fourth quarter worth about $1,783,000. BlackRock Inc. grew its position in shares of America’s Car-Mart by 84.2% during the first quarter. BlackRock Inc. now owns 1,004,752 shares of the company’s stock worth $56,617,000 after acquiring an additional 459,358 shares during the last quarter. Martingale Asset Management L P lifted its holdings in America’s Car-Mart by 18.8% in the fourth quarter. Martingale Asset Management L P now owns 37,903 shares of the company’s stock worth $4,157,000 after purchasing an additional 6,000 shares during the period. Finally, UBS Group AG lifted its holdings in America’s Car-Mart by 12.7% in the fourth quarter. UBS Group AG now owns 61,288 shares of the company’s stock worth $6,721,000 after purchasing an additional 6,886 shares during the period. Hedge funds and other institutional investors own 77.99% of the company’s stock.

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

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