Brokerages predict that America’s Car-Mart, Inc. (NASDAQ:CRMT) will post earnings of $1.10 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 highest EPS estimate coming in at $1.20 and the lowest estimate coming in at $1.00. America’s Car-Mart posted earnings per share of $0.79 during the same quarter last year, which would indicate a positive year-over-year growth rate of 39.2%. The business is expected to issue its next earnings report on Thursday, November 15th.
On average, analysts expect that America’s Car-Mart will report full-year earnings of $5.34 per share for the current year, with EPS estimates ranging from $5.15 to $5.56. For the next fiscal year, analysts anticipate that the firm will post earnings of $6.10 per share, with EPS estimates ranging from $5.65 to $6.87. Zacks Investment Research’s EPS 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 quarterly earnings data on Thursday, August 16th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.38. America’s Car-Mart had a net margin of 6.41% and a return on equity of 13.52%. The company had revenue of $164.02 million for the quarter, compared to analysts’ expectations of $161.39 million.
CRMT stock traded down $0.93 during midday trading on Tuesday, reaching $75.08. 7,031 shares of the company were exchanged, compared to its average volume of 52,660. America’s Car-Mart has a 1-year low of $40.15 and a 1-year high of $89.85. The stock has a market cap of $538.28 million, a P/E ratio of 20.86, a PEG ratio of 0.75 and a beta of 1.02.
In other news, Director Ray C. Dillon acquired 1,000 shares of the stock in a transaction that occurred on Friday, September 21st. The shares were purchased at an average cost of $80.45 per share, for a total transaction of $80,450.00. Following the transaction, the director now directly owns 2,500 shares in the company, valued at approximately $201,125. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Magnolia Capital Fund, Lp sold 38,114 shares of America’s Car-Mart stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $64.08, for a total transaction of $2,442,345.12. The disclosure for this sale can be found here. Insiders sold a total of 97,261 shares of company stock worth $6,311,731 over the last ninety days. Corporate insiders own 10.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in America’s Car-Mart in the 2nd quarter valued at $207,000. Jane Street Group LLC purchased a new position in America’s Car-Mart in the 2nd quarter valued at $235,000. Tower Research Capital LLC TRC purchased a new position in America’s Car-Mart in the 2nd quarter valued at $272,000. Spark Investment Management LLC purchased a new position in America’s Car-Mart in the 2nd quarter valued at $297,000. Finally, Cubist Systematic Strategies LLC purchased a new position in America’s Car-Mart in the 2nd quarter valued at $316,000. Hedge funds and other institutional investors own 71.09% 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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