Wall Street brokerages expect America's Car-Mart, Inc. (NASDAQ:CRMT) to report $136.89 million in sales for the current quarter, according to Zacks. Two analysts have made 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 firm is scheduled to announce its next quarterly earnings report after the market closes 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 fiscal year, with estimates ranging from $584.98 million to $585.64 million. For the next financial year, analysts forecast that the company will post sales of $599.96 million per share, with estimates ranging from $594.91 million to $605.02 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover America's Car-Mart.
America's Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, November 16th. The company reported $0.79 earnings per share for the quarter, meeting the Thomson Reuters’ 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 company had revenue of $149.12 million for the quarter, compared to the consensus estimate of $149.63 million. During the same quarter last year, the business posted $0.62 EPS. America's Car-Mart’s revenue for the quarter was down .7% on a year-over-year basis.
In related news, Director Robert Cameron Smith sold 2,600 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.70% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its position in shares of America's Car-Mart by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 32,949 shares of the company’s stock worth $1,282,000 after acquiring an additional 152 shares in the last quarter. Vanguard Group Inc. raised its position in shares of America's Car-Mart by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock worth $13,549,000 after acquiring an additional 20,317 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of America's Car-Mart by 8.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,971 shares of the company’s stock worth $971,000 after acquiring an additional 2,003 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of America's Car-Mart by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 570,077 shares of the company’s stock worth $22,176,000 after acquiring an additional 19,794 shares in the last quarter. Finally, Voya Investment Management LLC bought a new position in shares of America's Car-Mart in the 2nd quarter worth about $206,000. 87.48% of the stock is owned by institutional investors and hedge funds.
Shares of America's Car-Mart (NASDAQ CRMT) opened at $45.10 on Tuesday. America's Car-Mart has a twelve month low of $30.20 and a twelve month high of $49.40. The firm has a market capitalization of $323.54, a price-to-earnings ratio of 16.40 and a beta of 0.99.
America's Car-Mart declared that its Board of Directors has initiated a stock buyback program on Thursday, November 16th that authorizes the company to buyback 1,000,000 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
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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