Zacks: Brokerages Anticipate America’s Car-Mart, Inc. (CRMT) Will Announce Quarterly Sales of $163.97 Million
Wall Street brokerages expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to announce $163.97 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for America’s Car-Mart’s earnings. The lowest sales estimate is $162.43 million and the highest is $165.50 million. America’s Car-Mart posted sales of $147.21 million in the same quarter last year, which suggests a positive year over year growth rate of 11.4%. The company is scheduled to report its next quarterly earnings report on Monday, February 18th.
According to Zacks, analysts expect that America’s Car-Mart will report full-year sales of $680.48 million for the current fiscal year, with estimates ranging from $679.53 million to $681.43 million. For the next year, analysts forecast that the firm will report sales of $731.32 million, with estimates ranging from $725.11 million to $737.52 million. Zacks’ 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 announced its quarterly earnings data on Thursday, November 15th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.48. America’s Car-Mart had a return on equity of 15.52% and a net margin of 7.06%. The business had revenue of $167.17 million during the quarter, compared to the consensus estimate of $166.46 million.
In other news, Director Daniel J. Englander bought 10,000 shares of the stock in a transaction on Friday, December 7th. The stock was acquired at an average price of $67.95 per share, with a total value of $679,500.00. Following the acquisition, the director now directly owns 15,263 shares in the company, valued at $1,037,120.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.00% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of CRMT. Jefferies Group LLC acquired a new stake in shares of America’s Car-Mart in the third quarter valued at about $202,000. Russell Investments Group Ltd. acquired a new stake in shares of America’s Car-Mart in the second quarter valued at about $207,000. Jane Street Group LLC acquired a new stake in America’s Car-Mart during the second quarter worth approximately $235,000. Tower Research Capital LLC TRC acquired a new stake in America’s Car-Mart during the second quarter worth approximately $272,000. Finally, Virtu Financial LLC acquired a new stake in America’s Car-Mart during the third quarter worth approximately $311,000. 74.29% of the stock is owned by institutional investors.
Shares of CRMT stock opened at $70.04 on Friday. America’s Car-Mart has a twelve month low of $42.20 and a twelve month high of $89.85. The firm has a market cap of $482.85 million, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 0.66 and a beta of 0.95.
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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