America’s Car-Mart (CRMT) Issues Earnings Results, Beats Estimates By $0.45 EPS

Thursday, June 7 2018

America’s Car-Mart (CRMT) Issues Earnings Results, Beats Estimates By $0.45 EPS

America’s Car-Mart (CRMT) Issues Earnings Results, Beats Estimates By $0.45 EPS Posted by Alanna Baker | Jun 7th, 2018
America’s Car-Mart (NASDAQ:CRMT) posted its quarterly earnings data on Monday, May 21st. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.45, Fidelity Earnings reports. The company had revenue of $169.45 million during the quarter, compared to analysts’ expectations of $158.22 million. America’s Car-Mart had a return on equity of 9.91% and a net margin of 5.30%.
Shares of CRMT opened at $64.80 on Thursday. The stock has a market capitalization of $447.98 million, a price-to-earnings ratio of 21.51 and a beta of 0.91. America’s Car-Mart has a 52 week low of $33.05 and a 52 week high of $66.20. Get America's Car-Mart alerts:
A number of research firms recently commented on CRMT. Zacks Investment Research upgraded America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $75.00 price objective for the company in a research report on Friday, May 25th. ValuEngine upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. BidaskClub upgraded America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 27th. Finally, Janney Montgomery Scott upped their price target on America’s Car-Mart from $53.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, May 23rd. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. America’s Car-Mart currently has a consensus rating of “Buy” and an average target price of $57.75.
In other news, Director Robert Cameron Smith sold 22,500 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $62.26, for a total value of $1,400,850.00. Following the completion of the transaction, the director now owns 7,300 shares of the company’s stock, valued at $454,498. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink . Also, Director William H. Henderson sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $63.22, for a total value of $632,200.00. Following the completion of the transaction, the director now directly owns 122,879 shares of the company’s stock, valued at approximately $7,768,410.38. The disclosure for this sale can be found here . In the last 90 days, insiders sold 47,500 shares of company stock valued at $2,773,150. Company insiders own 11.70% of the company’s stock.
About America’s Car-Mart
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. Receive News & Ratings for America's Car-Mart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America's Car-Mart and related companies with MarketBeat.com's FREE daily email newsletter . «