Zacks: Brokerages Anticipate America’s Car-Mart, Inc. (NASDAQ:CRMT) Will Post Earnings of $3.17 Per Share

Wall Street analysts expect that America’s Car-Mart, Inc. (NASDAQ:CRMTGet Rating) will post $3.17 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for America’s Car-Mart’s earnings, with the highest EPS estimate coming in at $3.51 and the lowest estimate coming in at $2.93. America’s Car-Mart posted earnings per share of $6.19 during the same quarter last year, which indicates a negative year-over-year growth rate of 48.8%. The company is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that America’s Car-Mart will report full-year earnings of $12.78 per share for the current year, with EPS estimates ranging from $12.57 to $13.19. For the next fiscal year, analysts expect that the firm will post earnings of $11.29 per share, with EPS estimates ranging from $10.59 to $12.15. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover America’s Car-Mart.

America’s Car-Mart (NASDAQ:CRMTGet Rating) last issued its quarterly earnings results on Wednesday, February 16th. The company reported $2.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.97 by ($0.20). America’s Car-Mart had a net margin of 9.66% and a return on equity of 25.67%. The business had revenue of $291.90 million during the quarter, compared to analyst estimates of $291.80 million. During the same period last year, the firm posted $2.85 earnings per share.

CRMT has been the subject of several recent research reports. Zacks Investment Research lowered America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Tuesday, February 1st. Bank of America downgraded America’s Car-Mart from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $191.00 to $123.00 in a research report on Wednesday. Finally, StockNews.com started coverage on America’s Car-Mart in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $154.92.

Shares of CRMT traded up $1.81 during trading hours on Friday, reaching $81.27. The stock had a trading volume of 107,205 shares, compared to its average volume of 81,814. The firm has a 50-day simple moving average of $91.25 and a 200 day simple moving average of $103.48. America’s Car-Mart has a 12 month low of $72.50 and a 12 month high of $177.45. The company has a market capitalization of $523.38 million, a price-to-earnings ratio of 5.12, a P/E/G ratio of 0.40 and a beta of 1.44.

In other America’s Car-Mart news, COO Leonard L. Walthall sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $89.99, for a total transaction of $143,984.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CRMT. BOKF NA increased its holdings in shares of America’s Car-Mart by 1.6% in the 4th quarter. BOKF NA now owns 24,281 shares of the company’s stock valued at $2,486,000 after acquiring an additional 381 shares during the period. Values First Advisors Inc. acquired a new stake in America’s Car-Mart during the 4th quarter worth about $553,000. Barclays PLC lifted its position in America’s Car-Mart by 189.3% during the 4th quarter. Barclays PLC now owns 25,953 shares of the company’s stock worth $2,657,000 after acquiring an additional 16,981 shares during the period. BlackRock Inc. lifted its position in America’s Car-Mart by 3.4% during the 4th quarter. BlackRock Inc. now owns 1,004,314 shares of the company’s stock worth $102,842,000 after acquiring an additional 32,917 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of America’s Car-Mart by 649.0% in the 4th quarter. Wells Fargo & Company MN now owns 8,134 shares of the company’s stock valued at $833,000 after buying an additional 7,048 shares during the period. 72.73% of the stock is owned by institutional investors and hedge funds.

America’s Car-Mart Company Profile (Get Rating)

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 April 30, 2021, it operated 151 dealerships in the South-Central United States. America's Car-Mart, Inc was founded in 1981 and is headquartered in Rogers, Arkansas.

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

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