$175.93 Million in Sales Expected for America’s Car-Mart, Inc. (NASDAQ:CRMT) This Quarter

Analysts forecast that America’s Car-Mart, Inc. (NASDAQ:CRMT) will announce sales of $175.93 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 $171.86 million to $180.00 million. America’s Car-Mart reported sales of $164.02 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The firm is scheduled to issue its next quarterly earnings results on Thursday, August 15th.

According to Zacks, analysts expect that America’s Car-Mart will report full-year sales of $709.47 million for the current fiscal year, with estimates ranging from $702.93 million to $716.00 million. For the next financial year, analysts forecast that the company will report sales of $747.41 million, with estimates ranging from $740.82 million to $754.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow America’s Car-Mart.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.24. The business had revenue of $176.88 million for the quarter, compared to analysts’ expectations of $187.85 million. America’s Car-Mart had a return on equity of 19.45% and a net margin of 7.12%.

A number of analysts have recently weighed in on the company. BidaskClub upgraded America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Zacks Investment Research upgraded America’s Car-Mart from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Friday, May 24th. Buckingham Research set a $107.00 price target on America’s Car-Mart and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. ValuEngine upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Monday, May 20th. Finally, Bank of America reiterated a “buy” rating and set a $110.00 price target (up from $102.00) on shares of America’s Car-Mart in a research report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $97.50.

Shares of America’s Car-Mart stock opened at $85.50 on Friday. The company has a market cap of $573.45 million, a PE ratio of 13.26, a P/E/G ratio of 0.63 and a beta of 1.01. America’s Car-Mart has a twelve month low of $60.55 and a twelve month high of $104.05.

In other America’s Car-Mart news, Director William H. Henderson sold 1,500 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $85.42, for a total transaction of $128,130.00. Following the completion of the transaction, the director now directly owns 114,015 shares of the company’s stock, valued at approximately $9,739,161.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gremp Jim Von sold 3,000 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $92.58, for a total value of $277,740.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,500 shares of company stock valued at $692,040. 10.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRMT. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of America’s Car-Mart during the 1st quarter worth $32,000. PNC Financial Services Group Inc. boosted its stake in shares of America’s Car-Mart by 1,181.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 423 shares of the company’s stock worth $39,000 after acquiring an additional 390 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of America’s Car-Mart by 925.0% during the 4th quarter. Advisor Group Inc. now owns 1,025 shares of the company’s stock worth $74,000 after acquiring an additional 925 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of America’s Car-Mart by 27.8% during the 4th quarter. Legal & General Group Plc now owns 1,095 shares of the company’s stock worth $79,000 after acquiring an additional 238 shares in the last quarter. Finally, Great West Life Assurance Co. Can bought a new stake in shares of America’s Car-Mart during the 4th quarter worth $93,000. 75.27% of the stock is owned by institutional investors and hedge funds.

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

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