Brokerages expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to post earnings per share of $0.82 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for America’s Car-Mart’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.75. America’s Car-Mart posted earnings per share of $0.62 during the same quarter last year, which indicates a positive year-over-year growth rate of 32.3%. The company is scheduled to report its next earnings report on Thursday, November 16th.

On average, analysts expect that America’s Car-Mart will report full-year earnings of $3.11 per share for the current financial year, with EPS estimates ranging from $3.01 to $3.17. For the next fiscal year, analysts anticipate that the business will report earnings of $3.50 per share, with EPS estimates ranging from $3.44 to $3.57. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for America’s Car-Mart.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Thursday, August 17th. The company reported $0.90 EPS for the quarter, meeting analysts’ consensus estimates of $0.90. The firm had revenue of $146.40 million during the quarter, compared to analyst estimates of $153.05 million. America’s Car-Mart had a net margin of 3.41% and a return on equity of 8.72%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 EPS.

Several analysts have recently commented on CRMT shares. Zacks Investment Research upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Thursday, June 15th. Stephens started coverage on shares of America’s Car-Mart in a research report on Wednesday, August 23rd. They set an “equal weight” rating and a $42.00 price objective on the stock. ValuEngine downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Jefferies Group LLC raised their price objective on shares of America’s Car-Mart from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Thursday, May 25th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. America’s Car-Mart currently has a consensus rating of “Hold” and an average price target of $41.67.

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America’s Car-Mart (NASDAQ CRMT) traded down 0.97% on Thursday, hitting $38.40. 71,813 shares of the stock were exchanged. America’s Car-Mart has a 12 month low of $30.20 and a 12 month high of $47.75. The company has a 50-day moving average of $38.09 and a 200 day moving average of $36.83. The firm has a market cap of $289.57 million, a P/E ratio of 15.32 and a beta of 0.94.

In related news, CEO William H. Henderson sold 6,250 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $38.85, for a total transaction of $242,812.50. Following the completion of the transaction, the chief executive officer now directly owns 93,440 shares of the company’s stock, valued at $3,630,144. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William H. Henderson sold 14,000 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $37.56, for a total transaction of $525,840.00. Following the transaction, the chief executive officer now directly owns 101,190 shares of the company’s stock, valued at $3,800,696.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 64,849 shares of company stock valued at $2,414,209 and have sold 26,500 shares valued at $999,903. Company insiders own 11.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Magnolia Group LLC bought a new position in America’s Car-Mart during the first quarter valued at $16,368,000. Kennedy Capital Management Inc. boosted its position in America’s Car-Mart by 95.7% in the first quarter. Kennedy Capital Management Inc. now owns 241,362 shares of the company’s stock valued at $8,798,000 after buying an additional 118,027 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in America’s Car-Mart by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 550,283 shares of the company’s stock valued at $20,058,000 after buying an additional 35,398 shares during the last quarter. Vanguard Group Inc. boosted its position in America’s Car-Mart by 6.2% in the second quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock valued at $13,549,000 after buying an additional 20,317 shares during the last quarter. Finally, TFS Capital LLC bought a new position in America’s Car-Mart during the first quarter valued at $635,000. 87.14% of the stock is owned by institutional investors.

About America’s Car-Mart

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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

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