Wall Street brokerages expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to report sales of $187.85 million for the current quarter, according to Zacks. Two analysts have made estimates for America’s Car-Mart’s earnings, with estimates ranging from $186.16 million to $189.54 million. America’s Car-Mart posted sales of $169.45 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.9%. The firm is scheduled to issue its next quarterly earnings report on Monday, May 20th.

According to Zacks, analysts expect that America’s Car-Mart will report full year sales of $680.09 million for the current year, with estimates ranging from $678.40 million to $681.78 million. For the next year, analysts forecast that the firm will report sales of $733.24 million, with estimates ranging from $729.10 million to $737.37 million. Zacks Investment Research’s sales calculations are a mean 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 earnings results on Tuesday, February 19th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.53. The company had revenue of $161.05 million during the quarter, compared to analyst estimates of $163.97 million. America’s Car-Mart had a net margin of 6.53% and a return on equity of 18.04%.

Several equities analysts have recently issued reports on the company. BidaskClub upgraded America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Buckingham Research assumed coverage on America’s Car-Mart in a research report on Thursday, March 28th. They set a “buy” rating and a $103.00 price objective for the company. Zacks Investment Research upgraded America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $97.00 price objective for the company in a research report on Friday, February 22nd. Bank of America restated a “buy” rating and issued a $110.00 target price (up from $102.00) on shares of America’s Car-Mart in a research report on Tuesday, February 26th. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $99.00 target price on shares of America’s Car-Mart in a research report on Monday. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. America’s Car-Mart presently has a consensus rating of “Buy” and a consensus target price of $96.67.

In other news, Director Gremp Jim Von sold 3,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $92.58, for a total value of $277,740.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William H. Henderson sold 10,000 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $82.12, for a total transaction of $821,200.00. Following the completion of the transaction, the director now directly owns 126,438 shares in the company, valued at $10,383,088.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,500 shares of company stock worth $1,235,950. Company insiders own 10.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CRMT. OMERS ADMINISTRATION Corp bought a new stake in America’s Car-Mart during the fourth quarter valued at about $225,000. Geode Capital Management LLC boosted its holdings in America’s Car-Mart by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 69,973 shares of the company’s stock valued at $5,069,000 after acquiring an additional 692 shares during the period. Nordea Investment Management AB bought a new stake in America’s Car-Mart during the fourth quarter valued at about $101,000. Legal & General Group Plc boosted its holdings in America’s Car-Mart by 27.8% during the fourth quarter. Legal & General Group Plc now owns 1,095 shares of the company’s stock valued at $79,000 after acquiring an additional 238 shares during the period. Finally, Ranger Investment Management L.P. boosted its holdings in America’s Car-Mart by 48.3% during the fourth quarter. Ranger Investment Management L.P. now owns 52,500 shares of the company’s stock valued at $3,804,000 after acquiring an additional 17,095 shares during the period. 72.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ CRMT traded down $0.92 during midday trading on Friday, hitting $95.92. 288 shares of the company’s stock were exchanged, compared to its average volume of 108,203. The company has a market cap of $650.00 million, a PE ratio of 26.65, a P/E/G ratio of 0.80 and a beta of 0.90. America’s Car-Mart has a twelve month low of $50.65 and a twelve month high of $97.55.

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

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