Wall Street brokerages expect America’s Car-Mart, Inc. (NASDAQ:CRMT) to announce $282.57 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for America’s Car-Mart’s earnings, with the highest sales estimate coming in at $297.00 million and the lowest estimate coming in at $268.14 million. America’s Car-Mart posted sales of $223.36 million in the same quarter last year, which suggests a positive year over year growth rate of 26.5%. The firm is scheduled to report its next earnings report on Monday, November 15th.
According to Zacks, analysts expect that America’s Car-Mart will report full-year sales of $1.13 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.17 billion. For the next financial year, analysts forecast that the firm will report sales of $1.12 billion, with estimates ranging from $1.12 billion to $1.13 billion. Zacks’ sales averages 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 posted its quarterly earnings data on Monday, August 16th. The company reported $3.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.49 by $0.08. The firm had revenue of $280.33 million for the quarter, compared to analysts’ expectations of $261.61 million. America’s Car-Mart had a net margin of 10.84% and a return on equity of 28.54%.
Shares of CRMT stock traded up $0.47 on Friday, hitting $121.03. 21,412 shares of the company’s stock traded hands, compared to its average volume of 48,809. America’s Car-Mart has a one year low of $82.72 and a one year high of $177.45. The company’s fifty day simple moving average is $138.37 and its 200 day simple moving average is $145.78. The stock has a market capitalization of $791.17 million, a price-to-earnings ratio of 7.73, a P/E/G ratio of 0.45 and a beta of 1.39.
In related news, Director Joshua G. Welch bought 2,539 shares of the business’s stock in a transaction dated Thursday, August 26th. The shares were purchased at an average price of $124.75 per share, with a total value of $316,740.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 11.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in America’s Car-Mart by 1.8% during the 1st quarter. BlackRock Inc. now owns 1,043,028 shares of the company’s stock valued at $158,927,000 after acquiring an additional 18,339 shares during the period. WCM Investment Management LLC lifted its position in America’s Car-Mart by 6.7% during the 2nd quarter. WCM Investment Management LLC now owns 243,303 shares of the company’s stock valued at $34,481,000 after acquiring an additional 15,295 shares during the period. State Street Corp lifted its position in America’s Car-Mart by 15.6% during the 2nd quarter. State Street Corp now owns 240,373 shares of the company’s stock valued at $34,066,000 after acquiring an additional 32,416 shares during the period. Northern Trust Corp lifted its position in America’s Car-Mart by 1.2% during the 1st quarter. Northern Trust Corp now owns 144,377 shares of the company’s stock valued at $21,999,000 after acquiring an additional 1,695 shares during the period. Finally, Geode Capital Management LLC lifted its position in America’s Car-Mart by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 105,696 shares of the company’s stock valued at $14,979,000 after acquiring an additional 3,111 shares during the period. 72.68% of the stock is owned by institutional investors.
About America’s Car-Mart
America’s Car-Mart, Inc engages in the sale of older model used vehicles and the provision of financing for its customers in the United States. It operates dealerships in the South-Central United States. The company was founded by Bill Fleeman in 1981 and is headquartered in Rogers, AR.
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