America’s Car-Mart (NASDAQ:CRMT) is set to release its earnings data after the market closes on Tuesday, May 21st. Analysts expect America’s Car-Mart to post earnings of $1.77 per share for the quarter.
America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Tuesday, February 19th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.53. America’s Car-Mart had a net margin of 6.53% and a return on equity of 18.04%. The firm had revenue of $161.05 million during the quarter, compared to analysts’ expectations of $163.97 million. On average, analysts expect America’s Car-Mart to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of CRMT opened at $94.81 on Tuesday. America’s Car-Mart has a fifty-two week low of $52.75 and a fifty-two week high of $104.05. The company has a market capitalization of $637.92 million, a PE ratio of 26.34, a price-to-earnings-growth ratio of 0.70 and a beta of 0.91.
In related news, Director Gremp Jim Von sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $92.58, for a total transaction of $277,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Henderson sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $99.44, for a total transaction of $149,160.00. The disclosure for this sale can be found here. Insiders have sold 16,000 shares of company stock valued at $1,385,110 in the last three months. 10.00% of the stock is currently owned by corporate insiders.
Several brokerages have recently weighed in on CRMT. BidaskClub raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Zacks Investment Research raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a research report on Friday, February 22nd. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $99.00 price target on shares of America’s Car-Mart in a research report on Monday, April 15th. Buckingham Research began coverage on shares of America’s Car-Mart in a research report on Thursday, March 28th. They issued a “buy” rating and a $103.00 price target for the company. Finally, Bank of America reaffirmed a “buy” rating and issued a $110.00 price target (up previously from $102.00) on shares of America’s Car-Mart in a research report on Tuesday, February 26th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $96.67.
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 February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.
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