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

Analysts expect that America’s Car-Mart, Inc. (NASDAQ:CRMTGet Rating) will announce earnings per share (EPS) of $3.17 for the current quarter, Zacks reports. 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 reported earnings per share of $6.19 in the same quarter last year, which would indicate a negative year over year growth rate of 48.8%. The company is expected to announce its next quarterly earnings report 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 financial year, with EPS estimates ranging from $12.57 to $13.19. For the next fiscal year, analysts forecast that the firm will report earnings of $11.29 per share, with EPS estimates ranging from $10.59 to $12.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover America’s Car-Mart.

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

A number of equities analysts have commented on CRMT shares. Zacks Investment Research lowered shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Tuesday, February 1st. StockNews.com started coverage on shares of America’s Car-Mart in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Bank of America lowered shares of America’s Car-Mart from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $191.00 to $123.00 in a report on Wednesday, April 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $154.92.

Shares of CRMT stock opened at $82.83 on Friday. America’s Car-Mart has a 12 month low of $72.50 and a 12 month high of $177.45. The firm has a market capitalization of $533.43 million, a P/E ratio of 5.22, a P/E/G ratio of 0.41 and a beta of 1.44. The company’s fifty day moving average price is $89.12 and its two-hundred day moving average price is $100.84.

In other news, COO Leonard L. Walthall sold 1,600 shares of the business’s stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $89.99, for a total value of $143,984.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.00% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its position in shares of America’s Car-Mart by 52.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 339 shares of the company’s stock valued at $35,000 after buying an additional 116 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in America’s Car-Mart by 125.0% during the 3rd quarter. Advisor Group Holdings Inc. now owns 1,161 shares of the company’s stock valued at $135,000 after purchasing an additional 645 shares during the period. Spire Wealth Management acquired a new position in America’s Car-Mart during the 4th quarter valued at about $174,000. Platform Technology Partners boosted its stake in America’s Car-Mart by 10.8% during the 3rd quarter. Platform Technology Partners now owns 1,781 shares of the company’s stock valued at $208,000 after purchasing an additional 174 shares during the period. Finally, Gyon Technologies Capital Management LP acquired a new position in America’s Car-Mart during the 3rd quarter valued at about $225,000. 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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