Q1 2019 EPS Estimates for America’s Car-Mart, Inc. (CRMT) Decreased by Analyst

America’s Car-Mart, Inc. (NASDAQ:CRMT) – Research analysts at Jefferies Group cut their Q1 2019 earnings per share (EPS) estimates for America’s Car-Mart in a research note issued on Tuesday, May 22nd. Jefferies Group analyst J. Hecht now expects that the company will post earnings of $1.08 per share for the quarter, down from their previous forecast of $1.21. Jefferies Group also issued estimates for America’s Car-Mart’s Q3 2019 earnings at $0.75 EPS, FY2019 earnings at $4.40 EPS, Q2 2020 earnings at $0.96 EPS, Q3 2020 earnings at $0.95 EPS and FY2020 earnings at $5.10 EPS.

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Several other analysts have also issued reports on CRMT. BidaskClub raised shares of America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Investment Research raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $75.00 price target on the stock in a research report on Friday. Janney Montgomery Scott boosted their price target on shares of America’s Car-Mart from $53.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, ValuEngine lowered shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $57.75.

Shares of CRMT stock opened at $64.65 on Friday. America’s Car-Mart has a 52 week low of $33.05 and a 52 week high of $66.20. The stock has a market capitalization of $448.67 million, a price-to-earnings ratio of 21.55 and a beta of 0.86.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Monday, May 21st. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $0.98 by $0.45. The business had revenue of $169.45 million for the quarter, compared to analyst estimates of $158.22 million. America’s Car-Mart had a net margin of 5.30% and a return on equity of 9.91%.

In related news, Director Robert Cameron Smith sold 22,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $62.26, for a total transaction of $1,400,850.00. Following the sale, the director now owns 7,300 shares of the company’s stock, valued at approximately $454,498. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Henderson sold 11,546 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $49.50, for a total transaction of $571,527.00. The disclosure for this sale can be found here. In the last three months, insiders sold 52,500 shares of company stock worth $2,885,177. Insiders own 11.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CRMT. Wells Fargo & Company MN increased its holdings in America’s Car-Mart by 46.9% during the 3rd quarter. Wells Fargo & Company MN now owns 9,725 shares of the company’s stock worth $400,000 after acquiring an additional 3,105 shares during the period. Acadian Asset Management LLC bought a new stake in America’s Car-Mart during the 4th quarter worth approximately $156,000. SG Capital Management LLC bought a new stake in America’s Car-Mart during the 4th quarter worth approximately $5,043,000. WCM Investment Management CA increased its holdings in America’s Car-Mart by 85.5% during the 4th quarter. WCM Investment Management CA now owns 388,282 shares of the company’s stock worth $17,337,000 after acquiring an additional 178,935 shares during the period. Finally, BlackRock Inc. increased its holdings in America’s Car-Mart by 2.1% during the 4th quarter. BlackRock Inc. now owns 512,864 shares of the company’s stock worth $22,900,000 after acquiring an additional 10,680 shares during the period. 74.85% of the stock is currently owned by institutional investors and hedge funds.

America’s Car-Mart Company Profile

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.