Wall Street brokerages forecast that America’s Car-Mart, Inc. (NASDAQ:CRMT) will announce sales of $136.89 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for America’s Car-Mart’s earnings, with estimates ranging from $135.71 million to $138.07 million. America’s Car-Mart posted sales of $138.78 million in the same quarter last year, which suggests a negative year over year growth rate of 1.4%. The business is expected to report its next earnings results on Monday, February 19th.

On average, analysts expect that America’s Car-Mart will report full-year sales of $136.89 million for the current financial year, with estimates ranging from $584.98 million to $585.64 million. For the next financial year, analysts expect that the firm will post sales of $599.96 million per share, with estimates ranging from $594.91 million to $605.02 million. Zacks’ sales averages 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 announced its earnings results on Thursday, November 16th. The company reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. America’s Car-Mart had a return on equity of 9.09% and a net margin of 3.58%. The firm had revenue of $149.12 million for the quarter, compared to the consensus estimate of $149.63 million. During the same quarter in the previous year, the business earned $0.62 EPS. The company’s revenue was down .7% compared to the same quarter last year.

CRMT has been the topic of a number of research analyst reports. ValuEngine downgraded America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded America’s Car-Mart from a “strong sell” rating to a “hold” rating in a research note on Monday, October 30th. Stephens initiated coverage on America’s Car-Mart in a research note on Wednesday, August 23rd. They issued an “equal weight” rating and a $42.00 target price on the stock. Finally, Jefferies Group boosted their target price on America’s Car-Mart from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, November 20th.

In related news, Director Robert Cameron Smith sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.44, for a total value of $125,944.00. Following the transaction, the director now owns 3,550 shares in the company, valued at $171,962. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William H. Henderson sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.65, for a total value of $254,062.50. Following the completion of the transaction, the chief executive officer now owns 93,440 shares in the company, valued at approximately $3,798,336. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,725 shares of company stock worth $471,150. 11.70% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in America’s Car-Mart by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 573,608 shares of the company’s stock valued at $23,590,000 after acquiring an additional 3,531 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in America’s Car-Mart by 4.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 34,360 shares of the company’s stock valued at $1,414,000 after acquiring an additional 1,411 shares during the period. Wells Fargo & Company MN raised its holdings in America’s Car-Mart by 46.9% during 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. Citadel Advisors LLC bought a new stake in America’s Car-Mart during the 3rd quarter valued at $287,000. Finally, Trexquant Investment LP bought a new stake in America’s Car-Mart during the 3rd quarter valued at $515,000. 83.85% of the stock is currently owned by institutional investors and hedge funds.

America’s Car-Mart (CRMT) opened at $46.05 on Wednesday. America’s Car-Mart has a 12 month low of $30.20 and a 12 month high of $49.40. The firm has a market capitalization of $328.72, a P/E ratio of 16.59 and a beta of 0.94.

America’s Car-Mart declared that its board has approved a stock repurchase plan on Thursday, November 16th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

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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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Earnings History and Estimates for America`s Car-Mart (NASDAQ:CRMT)

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