Equities research analysts expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to report $176.99 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for America’s Car-Mart’s earnings, with the lowest sales estimate coming in at $173.25 million and the highest estimate coming in at $180.73 million. America’s Car-Mart reported sales of $161.05 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.9%. The company is scheduled to report its next quarterly earnings results on Tuesday, February 18th.

On average, analysts expect that America’s Car-Mart will report full-year sales of $728.64 million for the current fiscal year, with estimates ranging from $721.23 million to $736.05 million. For the next fiscal year, analysts expect that the company will post sales of $766.53 million, with estimates ranging from $752.53 million to $780.52 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover America’s Car-Mart.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Monday, November 18th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.85 by $0.15. The business had revenue of $190.00 million during the quarter, compared to analyst estimates of $173.47 million. America’s Car-Mart had a net margin of 7.84% and a return on equity of 20.95%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.58 earnings per share.

A number of research firms have recently issued reports on CRMT. Zacks Investment Research upgraded America’s Car-Mart from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a report on Thursday, November 21st. BidaskClub raised America’s Car-Mart from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. Buckingham Research increased their price objective on America’s Car-Mart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, August 19th. Finally, ValuEngine upgraded America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. America’s Car-Mart presently has an average rating of “Buy” and a consensus price target of $108.00.

Shares of NASDAQ CRMT traded down $0.46 during mid-day trading on Thursday, hitting $105.38. 85,831 shares of the company traded hands, compared to its average volume of 105,540. The business has a 50 day moving average of $94.19 and a two-hundred day moving average of $89.87. The stock has a market capitalization of $727.52 million, a price-to-earnings ratio of 16.34, a PEG ratio of 1.84 and a beta of 0.88. The company has a quick ratio of 1.85, a current ratio of 2.03 and a debt-to-equity ratio of 0.13. America’s Car-Mart has a 1 year low of $66.26 and a 1 year high of $110.36.

A number of institutional investors have recently made changes to their positions in CRMT. New York State Teachers Retirement System acquired a new position in America’s Car-Mart during the 2nd quarter valued at about $43,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in America’s Car-Mart by 47.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 523 shares of the company’s stock worth $45,000 after buying an additional 169 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of America’s Car-Mart in the second quarter valued at approximately $56,000. Tower Research Capital LLC TRC boosted its stake in America’s Car-Mart by 713.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 724 shares of the company’s stock worth $66,000 after purchasing an additional 635 shares during the period. Finally, Cutler Group LP boosted its stake in America’s Car-Mart by 23.8% in the 3rd quarter. Cutler Group LP now owns 990 shares of the company’s stock worth $90,000 after purchasing an additional 190 shares during the period. 76.83% of the stock is owned by hedge funds and other institutional investors.

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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