Wall Street brokerages predict that America’s Car-Mart, Inc. (NASDAQ:CRMT) will post $158.22 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for America’s Car-Mart’s earnings, with the lowest sales estimate coming in at $158.17 million and the highest estimate coming in at $158.26 million. America’s Car-Mart posted sales of $152.92 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.5%. The business is expected to announce its next quarterly earnings report on Monday, May 28th.
According to Zacks, analysts expect that America’s Car-Mart will report full year sales of $158.22 million for the current year, with estimates ranging from $600.92 million to $601.01 million. For the next fiscal year, analysts expect that the company will report sales of $583.17 million per share, with estimates ranging from $540.01 million to $626.32 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow America’s Car-Mart.
America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Monday, February 19th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.06. The company had revenue of $147.20 million for the quarter, compared to analysts’ expectations of $136.55 million. America’s Car-Mart had a net margin of 5.30% and a return on equity of 9.91%. America’s Car-Mart’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS.
In other America’s Car-Mart news, Director William H. Henderson sold 15,000 shares of the stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $49.34, for a total value of $740,100.00. Following the transaction, the director now directly owns 147,794 shares of the company’s stock, valued at approximately $7,292,155.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Henderson sold 11,546 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $49.50, for a total transaction of $571,527.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,000 shares of company stock worth $1,484,327. Insiders own 11.70% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. bought a new position in America’s Car-Mart in the 4th quarter valued at about $691,000. Wells Fargo & Company MN raised its holdings in America’s Car-Mart by 46.9% in the 3rd quarter. Wells Fargo & Company MN now owns 9,725 shares of the company’s stock valued at $400,000 after acquiring an additional 3,105 shares during the period. WCM Investment Management CA raised its holdings in America’s Car-Mart by 85.5% in the 4th quarter. WCM Investment Management CA now owns 388,282 shares of the company’s stock valued at $17,337,000 after acquiring an additional 178,935 shares during the period. Citadel Advisors LLC bought a new position in America’s Car-Mart in the 3rd quarter valued at about $287,000. Finally, Brandywine Global Investment Management LLC raised its holdings in America’s Car-Mart by 27.0% in the 4th quarter. Brandywine Global Investment Management LLC now owns 5,262 shares of the company’s stock valued at $235,000 after acquiring an additional 1,119 shares during the period. 82.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CRMT stock traded down $0.85 on Wednesday, reaching $50.30. The stock had a trading volume of 60,974 shares, compared to its average volume of 35,243. The stock has a market cap of $353.89, a price-to-earnings ratio of 19.73 and a beta of 0.86. America’s Car-Mart has a 12 month low of $33.05 and a 12 month high of $52.45.
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America’s Car-Mart Company Profile
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 April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.
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