Wall Street brokerages expect that America’s Car-Mart, Inc. (NASDAQ:CRMT) will report $142.06 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for America’s Car-Mart’s earnings, with estimates ranging from $135.21 million to $148.91 million. America’s Car-Mart reported sales of $138.78 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.4%. The firm is expected to announce its next quarterly earnings report on Monday, February 19th.
According to Zacks, analysts expect that America’s Car-Mart will report full year sales of $142.06 million for the current fiscal year, with estimates ranging from $584.04 million to $599.49 million. For the next fiscal year, analysts expect that the business will post sales of $609.50 million per share, with estimates ranging from $595.95 million to $623.04 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover America’s Car-Mart.
America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Thursday, November 16th. The company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. America’s Car-Mart had a net margin of 4.78% and a return on equity of 11.91%. The company had revenue of $149.12 million during the quarter, compared to analysts’ expectations of $149.63 million. During the same period last year, the business earned $0.62 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis.
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America’s Car-Mart (NASDAQ:CRMT) opened at $47.85 on Friday. America’s Car-Mart has a 52 week low of $30.20 and a 52 week high of $48.95. The firm has a market cap of $318.58, a price-to-earnings ratio of 16.70 and a beta of 0.94.
In other news, CEO William H. Henderson sold 6,250 shares of America’s Car-Mart stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.65, for a total transaction of $254,062.50. Following the completion of the sale, the chief executive officer now owns 93,440 shares of the company’s stock, valued at $3,798,336. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Magnolia Capital Fund, Lp bought 12,560 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were purchased at an average cost of $36.89 per share, with a total value of $463,338.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 39,870 shares of company stock valued at $1,568,668. Company insiders own 11.70% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Magnolia Group LLC raised its stake in America’s Car-Mart by 7.3% in the third quarter. Magnolia Group LLC now owns 887,411 shares of the company’s stock valued at $36,495,000 after purchasing an additional 60,526 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in America’s Car-Mart by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 573,608 shares of the company’s stock valued at $23,590,000 after purchasing an additional 3,531 shares in the last quarter. Vanguard Group Inc. raised its stake 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 purchasing an additional 20,317 shares in the last quarter. Kennedy Capital Management Inc. raised its stake in America’s Car-Mart by 21.3% in the second quarter. Kennedy Capital Management Inc. now owns 292,843 shares of the company’s stock valued at $11,392,000 after purchasing an additional 51,481 shares in the last quarter. Finally, WCM Investment Management CA raised its stake in America’s Car-Mart by 1.3% in the third quarter. WCM Investment Management CA now owns 209,347 shares of the company’s stock valued at $8,609,000 after purchasing an additional 2,690 shares in the last quarter. 89.14% of the stock is owned by institutional investors and hedge funds.
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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