Analysts Expect America’s Car-Mart, Inc. (CRMT) to Post $1.77 Earnings Per Share

Brokerages predict that America’s Car-Mart, Inc. (NASDAQ:CRMT) will report earnings of $1.77 per share for the current quarter, Zacks reports. Two analysts have issued estimates for America’s Car-Mart’s earnings, with estimates ranging from $1.65 to $1.84. America’s Car-Mart reported earnings per share of $1.43 during the same quarter last year, which indicates a positive year over year growth rate of 23.8%. The business is expected to report its next quarterly earnings results on Monday, May 20th.

On average, analysts expect that America’s Car-Mart will report full year earnings of $6.43 per share for the current fiscal year, with EPS estimates ranging from $6.30 to $6.50. For the next fiscal year, analysts anticipate that the company will post earnings of $7.12 per share, with EPS estimates ranging from $6.40 to $7.62. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow America’s Car-Mart.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Tuesday, February 19th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.02 by $0.53. The business had revenue of $161.05 million for the quarter, compared to analysts’ expectations of $163.97 million. America’s Car-Mart had a net margin of 6.53% and a return on equity of 18.04%.



CRMT has been the topic of several research reports. ValuEngine raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Saturday, December 15th. BidaskClub raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, January 4th. Zacks Investment Research cut shares of America’s Car-Mart from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Bank of America reaffirmed a “buy” rating and issued a $110.00 price objective (up from $102.00) on shares of America’s Car-Mart in a research report on Tuesday, February 26th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. America’s Car-Mart presently has a consensus rating of “Buy” and an average price target of $94.80.

CRMT traded down $0.28 during trading on Wednesday, hitting $85.66. The company had a trading volume of 1,465 shares, compared to its average volume of 104,270. The stock has a market capitalization of $576.36 million, a P/E ratio of 23.76, a P/E/G ratio of 0.71 and a beta of 0.88. America’s Car-Mart has a one year low of $48.70 and a one year high of $89.85.

In other America’s Car-Mart news, Director William H. Henderson sold 10,000 shares of America’s Car-Mart stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $82.12, for a total value of $821,200.00. Following the sale, the director now directly owns 126,438 shares in the company, valued at approximately $10,383,088.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.00% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Lavaca Capital LLC acquired a new position in shares of America’s Car-Mart during the 4th quarter worth about $25,000. Advisor Group Inc. increased its stake in shares of America’s Car-Mart by 925.0% during the 4th quarter. Advisor Group Inc. now owns 1,025 shares of the company’s stock worth $74,000 after purchasing an additional 925 shares during the last quarter. Legal & General Group Plc increased its stake in shares of America’s Car-Mart by 27.8% during the 4th quarter. Legal & General Group Plc now owns 1,095 shares of the company’s stock worth $79,000 after purchasing an additional 238 shares during the last quarter. Great West Life Assurance Co. Can acquired a new position in shares of America’s Car-Mart during the 4th quarter worth about $93,000. Finally, Nordea Investment Management AB acquired a new position in shares of America’s Car-Mart during the 4th quarter worth about $101,000. Hedge funds and other institutional investors own 72.27% 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 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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Earnings History and Estimates for America`s Car-Mart (NASDAQ:CRMT)

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