Analysts expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to post $0.79 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for America’s Car-Mart’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.89. America’s Car-Mart posted earnings of $0.62 per share during the same quarter last year, which suggests a positive year over year growth rate of 27.4%. The business is scheduled to report its next earnings results after the market closes on Thursday, November 16th.
According to Zacks, analysts expect that America’s Car-Mart will report full year earnings of $3.09 per share for the current year, with EPS estimates ranging from $3.01 to $3.17. For the next financial year, analysts anticipate that the business will report earnings of $3.49 per share, with EPS estimates ranging from $3.44 to $3.57. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow America’s Car-Mart.
America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Thursday, August 17th. The company reported $0.90 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.90. The company had revenue of $146.40 million during the quarter, compared to analysts’ expectations of $153.05 million. America’s Car-Mart had a return on equity of 11.91% and a net margin of 4.78%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS.
A number of research analysts have issued reports on the company. Zacks Investment Research cut America’s Car-Mart from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reiterated a “hold” rating and set a $41.00 price objective on shares of America’s Car-Mart in a research note on Friday, August 18th. Stephens assumed coverage on America’s Car-Mart in a research note on Wednesday, August 23rd. They set an “equal weight” rating and a $42.00 price objective for the company. Finally, ValuEngine cut America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd.
America’s Car-Mart (NASDAQ:CRMT) opened at $43.00 on Thursday. The company has a market capitalization of $318.58, a P/E ratio of 16.70 and a beta of 0.94. America’s Car-Mart has a one year low of $30.20 and a one year high of $47.75.
In related news, major shareholder Magnolia Capital Fund, Lp purchased 8,196 shares of the business’s stock in a transaction on Friday, August 18th. The stock was acquired at an average price of $36.55 per share, with a total value of $299,563.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William H. Henderson sold 6,250 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $37.60, for a total value of $235,000.00. Following the sale, the chief executive officer now directly owns 93,440 shares of the company’s stock, valued at approximately $3,513,344. The disclosure for this sale can be found here. Insiders have sold 39,870 shares of company stock valued at $1,568,668 in the last three months. 11.70% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its holdings in America’s Car-Mart by 3,157.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the company’s stock valued at $137,000 after purchasing an additional 3,410 shares during the period. American International Group Inc. grew its holdings in America’s Car-Mart by 7.2% during the first quarter. American International Group Inc. now owns 4,864 shares of the company’s stock valued at $177,000 after purchasing an additional 326 shares during the period. Voya Investment Management LLC bought a new stake in America’s Car-Mart during the second quarter valued at about $206,000. Smith Moore & CO. bought a new stake in America’s Car-Mart during the third quarter valued at about $206,000. Finally, The Manufacturers Life Insurance Company grew its holdings in America’s Car-Mart by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 6,155 shares of the company’s stock valued at $240,000 after purchasing an additional 112 shares during the period. 89.14% of the stock is owned by institutional investors and hedge funds.
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America’s Car-Mart Company Profile
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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