$1.85 Earnings Per Share Expected for America’s Car-Mart, Inc. (NASDAQ:CRMT) This Quarter
Equities analysts predict that America’s Car-Mart, Inc. (NASDAQ:CRMT) will report earnings per share (EPS) of $1.85 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for America’s Car-Mart’s earnings. The lowest EPS estimate is $1.80 and the highest is $1.89. America’s Car-Mart reported earnings per share of $1.58 during the same quarter last year, which indicates a positive year over year growth rate of 17.1%. The company is scheduled to announce its next earnings report on Thursday, November 21st.
According to Zacks, analysts expect that America’s Car-Mart will report full-year earnings of $7.82 per share for the current financial year, with EPS estimates ranging from $7.35 to $8.27. For the next fiscal year, analysts anticipate that the firm will post earnings of $8.11 per share, with EPS estimates ranging from $7.75 to $8.39. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow America’s Car-Mart.
America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Thursday, August 15th. The company reported $2.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.54. The company had revenue of $171.88 million during the quarter, compared to the consensus estimate of $175.34 million. America’s Car-Mart had a net margin of 7.72% and a return on equity of 20.25%. America’s Car-Mart’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $1.40 earnings per share.
CRMT traded up $0.07 during trading on Friday, hitting $89.69. The stock had a trading volume of 57,487 shares, compared to its average volume of 63,266. The company has a market capitalization of $596.75 million, a PE ratio of 13.91, a PEG ratio of 1.52 and a beta of 0.88. America’s Car-Mart has a twelve month low of $66.26 and a twelve month high of $104.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.85 and a current ratio of 2.03. The stock has a 50 day simple moving average of $89.11 and a two-hundred day simple moving average of $89.94.
In other America’s Car-Mart news, Director William H. Henderson sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $84.88, for a total value of $127,320.00. Following the completion of the transaction, the director now owns 115,830 shares of the company’s stock, valued at $9,831,650.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Leonard L. Walthall sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $90.00, for a total transaction of $90,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,000 shares of company stock valued at $351,990. Corporate insiders own 10.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of America’s Car-Mart by 47.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 523 shares of the company’s stock worth $45,000 after buying an additional 169 shares during the last quarter. Swiss National Bank raised its holdings in shares of America’s Car-Mart by 1.7% in the second quarter. Swiss National Bank now owns 11,800 shares of the company’s stock worth $1,016,000 after buying an additional 200 shares during the last quarter. Zebra Capital Management LLC raised its holdings in shares of America’s Car-Mart by 4.7% in the second quarter. Zebra Capital Management LLC now owns 5,539 shares of the company’s stock worth $477,000 after buying an additional 251 shares during the last quarter. New York State Teachers Retirement System purchased a new position in shares of America’s Car-Mart in the second quarter worth $43,000. Finally, Bank of Montreal Can raised its holdings in shares of America’s Car-Mart by 0.6% in the second quarter. Bank of Montreal Can now owns 93,171 shares of the company’s stock worth $8,020,000 after buying an additional 512 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.
About America’s Car-Mart
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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