Analysts predict that America’s Car-Mart, Inc. (NASDAQ:CRMT) will post sales of $166.46 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for America’s Car-Mart’s earnings. The highest sales estimate is $168.31 million and the lowest is $164.60 million. America’s Car-Mart reported sales of $149.12 million in the same quarter last year, which would suggest a positive year over year growth rate of 11.6%. The firm is expected to issue its next earnings report on Thursday, November 15th.

On average, analysts expect that America’s Car-Mart will report full-year sales of $672.50 million for the current financial year, with estimates ranging from $665.60 million to $679.40 million. For the next year, analysts expect that the firm will report sales of $722.42 million, with estimates ranging from $707.10 million to $737.74 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover America’s Car-Mart.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Thursday, August 16th. The company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.38. The company had revenue of $164.02 million during the quarter, compared to analyst estimates of $161.39 million. America’s Car-Mart had a net margin of 6.42% and a return on equity of 13.53%.

CRMT has been the subject of several research analyst reports. BidaskClub lowered shares of America’s Car-Mart from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 12th. TheStreet raised shares of America’s Car-Mart from a “c+” rating to a “b” rating in a research note on Wednesday, August 15th. Jefferies Financial Group reaffirmed a “hold” rating and set a $82.00 target price on shares of America’s Car-Mart in a research note on Friday, August 17th. Janney Montgomery Scott raised shares of America’s Car-Mart from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $96.00 in a research note on Monday, August 20th. Finally, Stephens set a $84.00 target price on shares of America’s Car-Mart and gave the stock a “hold” rating in a research note on Monday, August 20th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $86.20.

CRMT stock traded down $0.30 during mid-day trading on Monday, hitting $78.35. 39,718 shares of the company were exchanged, compared to its average volume of 51,863. The firm has a market cap of $543.09 million, a PE ratio of 26.21, a price-to-earnings-growth ratio of 0.76 and a beta of 1.04. America’s Car-Mart has a 12-month low of $40.15 and a 12-month high of $89.85.

In other news, Director Robert Cameron Smith sold 3,550 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $85.15, for a total value of $302,282.50. Following the completion of the transaction, the director now owns 133,779 shares of the company’s stock, valued at $11,391,281.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Magnolia Capital Fund, Lp sold 1,209 shares of the firm’s stock in a transaction that occurred on Friday, July 6th. The shares were sold at an average price of $64.55, for a total transaction of $78,040.95. The disclosure for this sale can be found here. In the last three months, insiders sold 117,912 shares of company stock valued at $7,632,310. Insiders own 10.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CRMT. Victory Capital Management Inc. purchased a new position in shares of America’s Car-Mart in the first quarter valued at approximately $304,000. Schwab Charles Investment Management Inc. raised its holdings in America’s Car-Mart by 10.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 35,537 shares of the company’s stock valued at $1,793,000 after acquiring an additional 3,453 shares in the last quarter. BlackRock Inc. raised its holdings in America’s Car-Mart by 1.1% in the first quarter. BlackRock Inc. now owns 518,390 shares of the company’s stock valued at $26,152,000 after acquiring an additional 5,526 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in America’s Car-Mart by 73.1% in the first quarter. JPMorgan Chase & Co. now owns 8,162 shares of the company’s stock valued at $412,000 after acquiring an additional 3,447 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its holdings in America’s Car-Mart by 58.2% in the first quarter. Landscape Capital Management L.L.C. now owns 24,490 shares of the company’s stock valued at $1,236,000 after acquiring an additional 9,011 shares in the last quarter. 71.09% 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 June 28, 2018, it operated 140 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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