America’s Car-Mart, Inc. (NASDAQ:CRMT) is scheduled to announce its earnings results after the market closes on Wednesday, November 15th. Analysts expect the company to announce earnings of $0.76 per share for the quarter.
America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, August 17th. The company reported $0.90 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.90. America’s Car-Mart had a return on equity of 8.70% and a net margin of 3.41%. The company had revenue of $146.40 million for the quarter, compared to analyst estimates of $153.05 million. During the same period in the previous year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts expect America’s Car-Mart to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) opened at $42.40 on Monday. America’s Car-Mart, Inc. has a one year low of $30.20 and a one year high of $47.75. The stock has a market capitalization of $312.31, a price-to-earnings ratio of 16.37 and a beta of 0.94.
In related news, major shareholder Magnolia Capital Fund, Lp bought 12,560 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was bought at an average cost of $36.89 per share, for a total transaction of $463,338.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William H. Henderson sold 6,250 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $37.60, for a total value of $235,000.00. Following the sale, the chief executive officer now owns 93,440 shares of the company’s stock, valued at $3,513,344. The disclosure for this sale can be found here. Insiders sold a total of 39,870 shares of company stock valued at $1,568,668 over the last quarter. Company insiders own 11.70% of the company’s stock.
A number of analysts recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating and set a $41.00 price objective on shares of America’s Car-Mart in a research note on Friday, August 18th. Zacks Investment Research cut America’s Car-Mart from a “hold” rating to a “strong sell” rating in a research report on Monday, October 23rd. Stephens started coverage on America’s Car-Mart in a research report on Wednesday, August 23rd. They set an “equal weight” rating and a $42.00 target price for the company. Finally, ValuEngine cut America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd.
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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