Equities analysts expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to post $154.47 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for America’s Car-Mart’s earnings, with the lowest sales estimate coming in at $154.15 million and the highest estimate coming in at $154.79 million. America’s Car-Mart reported sales of $145.84 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.9%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, August 17th.
According to Zacks, analysts expect that America’s Car-Mart will report full-year sales of $154.47 million for the current year, with estimates ranging from $615.53 million to $620.41 million. For the next financial year, analysts forecast that the company will report sales of $643.31 million per share. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow America’s Car-Mart.
America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Monday, May 22nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. America’s Car-Mart had a net margin of 3.43% and a return on equity of 8.82%. The company had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $158.24 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. America’s Car-Mart’s quarterly revenue was down 1.2% compared to the same quarter last year.
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In related news, CEO William H. Henderson sold 14,000 shares of the stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $37.56, for a total value of $525,840.00. Following the completion of the transaction, the chief executive officer now owns 101,190 shares of the company’s stock, valued at approximately $3,800,696.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Magnolia Capital Fund, Lp acquired 24,607 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average cost of $35.75 per share, with a total value of $879,700.25. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 54,700 shares of company stock valued at $2,004,467 and have sold 21,858 shares valued at $818,339. Corporate insiders own 11.70% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. American International Group Inc. increased its position in shares of America’s Car-Mart by 7.2% in the first quarter. American International Group Inc. now owns 4,864 shares of the company’s stock valued at $177,000 after buying an additional 326 shares during the last quarter. Highbridge Capital Management LLC bought a new position in shares of America’s Car-Mart during the fourth quarter valued at approximately $305,000. Prudential Financial Inc. bought a new position in shares of America’s Car-Mart during the first quarter valued at approximately $304,000. Russell Investments Group Ltd. bought a new position in shares of America’s Car-Mart during the fourth quarter valued at approximately $529,000. Finally, TFS Capital LLC bought a new position in shares of America’s Car-Mart during the first quarter valued at approximately $635,000. 83.86% of the stock is owned by institutional investors and hedge funds.
America’s Car-Mart (NASDAQ:CRMT) remained flat at $39.20 on Friday. 25,126 shares of the company traded hands. The stock has a 50-day moving average of $38.12 and a 200-day moving average of $37.36. The stock has a market cap of $295.88 million, a P/E ratio of 15.74 and a beta of 0.95. America’s Car-Mart has a 12 month low of $30.20 and a 12 month high of $47.75.
America’s Car-Mart Company Profile
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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