America's Car-Mart (CRMT) Scheduled to Post Quarterly Earnings on Monday

America's Car-Mart (NASDAQ:CRMT) will be issuing its quarterly earnings data after the market closes on Monday, February 19th. Analysts expect the company to announce earnings of $0.55 per share for the quarter.

America's Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, November 16th. The company reported $0.79 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.79. America's Car-Mart had a return on equity of 9.18% and a net margin of 3.58%. The business had revenue of $149.12 million during the quarter, compared to analysts’ expectations of $149.63 million. During the same period in the prior year, the firm posted $0.62 EPS. America's Car-Mart’s quarterly revenue was down .7% compared to the same quarter last year. On average, analysts expect America's Car-Mart to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

America's Car-Mart (NASDAQ CRMT) opened at $45.25 on Monday. America's Car-Mart has a twelve month low of $30.20 and a twelve month high of $49.40. The stock has a market capitalization of $323.54, a P/E ratio of 16.76 and a beta of 0.99.

America's Car-Mart declared that its Board of Directors has initiated a share buyback program on Thursday, November 16th that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

CRMT has been the subject of a number of recent research reports. Zacks Investment Research raised America's Car-Mart from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. BidaskClub cut America's Car-Mart from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. ValuEngine raised America's Car-Mart from a “hold” rating to a “buy” rating in a report on Friday, November 17th. Stephens set a $50.00 target price on America's Car-Mart and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Finally, Jefferies Group increased their price target on America's Car-Mart from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, November 20th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $49.00.

In related news, Director Robert Cameron Smith sold 1,875 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $48.61, for a total transaction of $91,143.75. Following the sale, the director now directly owns 3,550 shares in the company, valued at approximately $172,565.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.70% of the stock is owned by corporate insiders.

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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).

Earnings History for America's Car-Mart (NASDAQ:CRMT)

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