America’s Car-Mart (CRMT) Set to Announce Quarterly Earnings on Thursday

America’s Car-Mart (NASDAQ:CRMT) will be announcing its earnings results before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.81). America’s Car-Mart had a negative net margin of 2.66% and a negative return on equity of 7.75%. The company had revenue of $347.76 million for the quarter, compared to the consensus estimate of $338.78 million. During the same quarter in the prior year, the company earned $0.63 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. On average, analysts expect America’s Car-Mart to post $1 EPS for the current fiscal year and $4 EPS for the next fiscal year.

America’s Car-Mart Trading Up 1.4 %

CRMT stock opened at $47.21 on Thursday. The firm has a 50 day moving average of $42.09 and a 200-day moving average of $54.18. The firm has a market capitalization of $302.14 million, a P/E ratio of -8.24, a price-to-earnings-growth ratio of 1.40 and a beta of 1.67. America’s Car-Mart has a 12 month low of $37.98 and a 12 month high of $83.07.

Wall Street Analyst Weigh In

CRMT has been the topic of a number of research analyst reports. Stephens began coverage on America’s Car-Mart in a research note on Wednesday, November 13th. They issued an “equal weight” rating and a $50.00 target price on the stock. StockNews.com raised America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $50.00.

Insider Transactions at America’s Car-Mart

In other America’s Car-Mart news, Director Joshua G. Welch purchased 23,255 shares of America’s Car-Mart stock in a transaction on Thursday, September 19th. The shares were acquired at an average cost of $43.00 per share, for a total transaction of $999,965.00. Following the completion of the transaction, the director now directly owns 148,955 shares of the company’s stock, valued at approximately $6,405,065. The trade was a 18.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Adam K. Peterson purchased 813,953 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were acquired at an average cost of $43.00 per share, for a total transaction of $34,999,979.00. Following the completion of the purchase, the insider now directly owns 1,582,363 shares of the company’s stock, valued at approximately $68,041,609. This represents a 105.93 % increase in their position. The disclosure for this purchase can be found here. 19.60% of the stock is currently owned by insiders.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas.