Brokerages Anticipate America's Car-Mart, Inc. (CRMT) to Announce $0.99 EPS
Equities research analysts expect that America's Car-Mart, Inc. (NASDAQ:CRMT) will post earnings per share of $0.99 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for America's Car-Mart’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $1.03. America's Car-Mart reported earnings of $0.72 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 37.5%. The firm is scheduled to announce its next quarterly earnings results on Monday, May 28th.
On average, analysts expect that America's Car-Mart will report full year earnings of $3.24 per share for the current financial year, with EPS estimates ranging from $3.23 to $3.24. For the next year, analysts anticipate that the firm will report earnings of $4.32 per share, with EPS estimates ranging from $4.21 to $4.40. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow America's Car-Mart.
America's Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Monday, February 19th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. America's Car-Mart had a return on equity of 9.94% and a net margin of 5.30%. The business had revenue of $147.20 million for the quarter, compared to analyst estimates of $136.55 million. During the same period last year, the company earned $0.35 EPS. America's Car-Mart’s revenue for the quarter was up 6.1% compared to the same quarter last year.
America's Car-Mart (CRMT) traded down $0.15 during midday trading on Tuesday, reaching $49.10. The company’s stock had a trading volume of 23,350 shares, compared to its average volume of 38,023. America's Car-Mart has a 1-year low of $31.85 and a 1-year high of $51.65. The stock has a market cap of $346.46, a PE ratio of 11.77 and a beta of 0.88.
America's Car-Mart declared that its board has approved a share buyback plan on Thursday, November 16th that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
In other news, Director William H. Henderson sold 3,454 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $50.00, for a total value of $172,700.00. Following the completion of the transaction, the director now owns 137,190 shares in the company, valued at approximately $6,859,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 11.70% of the company’s stock.
Large investors have recently made changes to their positions in the business. Magnolia Group LLC lifted its position in America's Car-Mart by 7.3% during 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. Wells Fargo & Company MN lifted its position in shares of America's Car-Mart by 46.9% in the third quarter. Wells Fargo & Company MN now owns 9,725 shares of the company’s stock worth $400,000 after buying an additional 3,105 shares in the last quarter. WCM Investment Management CA lifted its position in shares of America's Car-Mart by 85.5% in the fourth quarter. WCM Investment Management CA now owns 388,282 shares of the company’s stock worth $17,337,000 after buying an additional 178,935 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of America's Car-Mart in the third quarter worth about $287,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of 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 worth $23,590,000 after buying an additional 3,531 shares in the last quarter. Institutional investors and hedge funds own 86.41% of the company’s stock.
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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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