America’s Car-Mart Inc. (NASDAQ:CRMT) – Jefferies Group lifted their Q3 2017 earnings estimates for America’s Car-Mart in a note issued to investors on Monday. Jefferies Group analyst J. Hecht now forecasts that the firm will post earnings per share of $0.71 for the quarter, up from their prior estimate of $0.69. Jefferies Group currently has a “Hold” rating and a $37.00 target price on the stock. Jefferies Group also issued estimates for America’s Car-Mart’s Q1 2018 earnings at $0.92 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.78 EPS and FY2018 earnings at $3.28 EPS.

Several other research firms have also recently commented on CRMT. Zacks Investment Research cut America’s Car-Mart from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, October 19th. Janney Montgomery Scott reissued a “hold” rating on shares of America’s Car-Mart in a research note on Thursday, September 22nd. Finally, Bank of America Corp. raised America’s Car-Mart from an “underperform” rating to a “buy” rating in a research note on Wednesday, October 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. America’s Car-Mart presently has an average rating of “Hold” and a consensus target price of $33.25.

Earnings History and Estimates for America`s Car-Mart (NASDAQ:CRMT)

Shares of America’s Car-Mart (NASDAQ:CRMT) opened at 43.30 on Tuesday. The company has a 50-day moving average price of $39.33 and a 200 day moving average price of $33.39. America’s Car-Mart has a 52 week low of $19.49 and a 52 week high of $44.00. The stock has a market capitalization of $347.09 million, a P/E ratio of 18.44 and a beta of 1.01.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Thursday, November 17th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.12. The firm earned $150.21 million during the quarter, compared to the consensus estimate of $134.72 million. America’s Car-Mart had a return on equity of 8.55% and a net margin of 3.33%. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) EPS.

In related news, CEO William H. Henderson sold 3,476 shares of America’s Car-Mart stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $37.00, for a total transaction of $128,612.00. Following the completion of the sale, the chief executive officer now directly owns 80,460 shares of the company’s stock, valued at $2,977,020. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William H. Henderson sold 12,986 shares of America’s Car-Mart stock in a transaction on Monday, November 21st. The stock was sold at an average price of $42.70, for a total value of $554,502.20. Following the sale, the chief executive officer now directly owns 82,470 shares of the company’s stock, valued at $3,521,469. The disclosure for this sale can be found here. Corporate insiders own 14.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pastel & Associes SA acquired a new position in America’s Car-Mart during the second quarter valued at $4,063,000. Yacktman Asset Management LP raised its position in America’s Car-Mart by 1.5% in the second quarter. Yacktman Asset Management LP now owns 580,959 shares of the company’s stock valued at $16,406,000 after buying an additional 8,623 shares in the last quarter. Bank of Montreal Can acquired a new position in America’s Car-Mart during the second quarter valued at $5,897,000. Harber Asset Management LLC acquired a new position in America’s Car-Mart during the second quarter valued at $633,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in America’s Car-Mart during the second quarter valued at $235,000. Hedge funds and other institutional investors own 89.57% of the company’s stock.

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About America’s Car-Mart

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).

5 Day Chart for NASDAQ:CRMT

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