Analysts expect that America’s Car-Mart, Inc. (NASDAQ:CRMT) will report $0.55 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for America’s Car-Mart’s earnings. America’s Car-Mart reported earnings of $0.35 per share during the same quarter last year, which would indicate a positive year over year growth rate of 57.1%. The business is expected to announce its next quarterly earnings report on Monday, February 19th.
According to Zacks, analysts expect that America’s Car-Mart will report full-year earnings of $3.04 per share for the current year, with EPS estimates ranging from $2.99 to $3.15. For the next financial year, analysts forecast that the company will post earnings of $3.50 per share, with EPS estimates ranging from $3.44 to $3.59. Zacks Investment Research’s earnings per share calculations 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 data on Thursday, November 16th. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. America’s Car-Mart had a net margin of 3.58% and a return on equity of 9.09%. The business had revenue of $149.12 million during the quarter, compared to analysts’ expectations of $149.63 million. During the same period last year, the company posted $0.62 EPS. The business’s revenue was down .7% on a year-over-year basis.
Shares of America’s Car-Mart (NASDAQ:CRMT) remained flat at $$45.75 during trading hours on Monday. The company’s stock had a trading volume of 11,621 shares, compared to its average volume of 63,483. America’s Car-Mart has a fifty-two week low of $30.20 and a fifty-two week high of $49.40. The firm has a market capitalization of $330.51, a PE ratio of 16.68 and a beta of 0.94.
America’s Car-Mart declared that its board has approved a share repurchase program on Thursday, November 16th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
In related news, Director Robert Cameron Smith sold 2,600 shares of America’s Car-Mart stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $48.44, for a total transaction of $125,944.00. Following the completion of the transaction, the director now directly owns 3,550 shares of the company’s stock, valued at approximately $171,962. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William H. Henderson sold 6,250 shares of America’s Car-Mart stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $40.65, for a total transaction of $254,062.50. Following the transaction, the chief executive officer now directly owns 93,440 shares of the company’s stock, valued at $3,798,336. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,725 shares of company stock valued at $471,150. 11.70% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in CRMT. Magnolia Group LLC boosted its position in America’s Car-Mart by 84.1% in the 2nd quarter. Magnolia Group LLC now owns 826,885 shares of the company’s stock valued at $32,166,000 after buying an additional 377,841 shares during the period. Kennedy Capital Management Inc. boosted its position in America’s Car-Mart by 21.3% in the 2nd quarter. Kennedy Capital Management Inc. now owns 292,843 shares of the company’s stock valued at $11,392,000 after buying an additional 51,481 shares during the period. Dimensional Fund Advisors LP boosted its position in America’s Car-Mart by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 550,283 shares of the company’s stock valued at $20,058,000 after buying an additional 35,398 shares during the period. Vanguard Group Inc. boosted its position in America’s Car-Mart by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock valued at $13,549,000 after buying an additional 20,317 shares during the period. Finally, Trexquant Investment LP purchased a new stake in America’s Car-Mart in the 3rd quarter valued at about $515,000. 83.85% of the stock is owned by hedge funds and other institutional investors.
About America’s Car-Mart
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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