America’s Car-Mart Inc. (NASDAQ:CRMT) – Equities research analysts at Jefferies Group dropped their Q4 2017 earnings estimates for shares of America’s Car-Mart in a report issued on Monday. Jefferies Group analyst J. Hecht now expects that the firm will post earnings per share of $0.88 for the quarter, down from their prior estimate of $0.98. 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 Q4 2018 earnings at $1.04 EPS.

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

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

CRMT has been the topic of several other research reports. Zacks Investment Research upgraded shares of America’s Car-Mart from a “sell” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Thursday, October 20th. Bank of America Corp. upgraded shares of America’s Car-Mart from an “underperform” rating to a “buy” rating in a report on Wednesday, October 19th. Finally, Janney Montgomery Scott reiterated a “hold” rating on shares of America’s Car-Mart in a report on Thursday, September 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. America’s Car-Mart currently has an average rating of “Hold” and a consensus target price of $33.25.

Shares of America’s Car-Mart (NASDAQ:CRMT) traded up 0.12% during midday trading on Wednesday, hitting $43.35. 47,784 shares of the stock traded hands. America’s Car-Mart has a one year low of $19.49 and a one year high of $44.00. The stock has a market cap of $339.69 million, a price-to-earnings ratio of 18.46 and a beta of 1.01. The firm has a 50-day moving average price of $39.33 and a 200 day moving average price of $33.39.

Several large investors have recently added to or reduced their stakes in CRMT. Yacktman Asset Management LP increased its stake 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 during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in America’s Car-Mart by 0.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 238,618 shares of the company’s stock valued at $8,683,000 after buying an additional 1,885 shares during the last quarter. BlackRock Fund Advisors increased its stake in America’s Car-Mart by 9.0% in the third quarter. BlackRock Fund Advisors now owns 220,848 shares of the company’s stock valued at $8,037,000 after buying an additional 18,238 shares during the last quarter. Bank of Montreal Can bought a new stake in America’s Car-Mart during the second quarter valued at $5,897,000. Finally, WCM Investment Management CA increased its stake in America’s Car-Mart by 7.9% in the third quarter. WCM Investment Management CA now owns 169,022 shares of the company’s stock valued at $6,151,000 after buying an additional 12,370 shares during the last quarter. 89.57% of the stock is owned by institutional investors.

In other news, CEO William H. Henderson sold 7,500 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $39.86, for a total value of $298,950.00. Following the completion of the sale, the chief executive officer now owns 84,484 shares of the company’s stock, valued at approximately $3,367,532.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William H. Henderson sold 12,986 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $42.70, for a total transaction of $554,502.20. Following the completion of the sale, the chief executive officer now directly owns 82,470 shares of the company’s stock, valued at approximately $3,521,469. The disclosure for this sale can be found here. 14.00% of the stock is currently owned by company insiders.

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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).

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