America’s Car-Mart (NASDAQ:CRMT) is set to announce its earnings results after the market closes on Wednesday, February 16th. Analysts expect the company to announce earnings of $2.97 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Wednesday, November 17th. The company reported $3.33 EPS for the quarter, topping the Zacks’ consensus estimate of $3.20 by $0.13. America’s Car-Mart had a return on equity of 27.31% and a net margin of 10.34%. The firm had revenue of $288.30 million for the quarter, compared to analyst estimates of $282.58 million. During the same quarter last year, the company earned $3.05 EPS. On average, analysts expect America’s Car-Mart to post $13 EPS for the current fiscal year and $12 EPS for the next fiscal year.
Shares of NASDAQ CRMT opened at $94.74 on Tuesday. The company has a market capitalization of $616.66 million, a PE ratio of 5.94, a P/E/G ratio of 0.45 and a beta of 1.42. The stock has a fifty day moving average of $100.54. America’s Car-Mart has a 52 week low of $88.70 and a 52 week high of $177.45.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its stake in America’s Car-Mart by 44.8% during the second quarter. Morgan Stanley now owns 60,287 shares of the company’s stock worth $8,545,000 after buying an additional 18,642 shares during the last quarter. Royal Bank of Canada boosted its stake in America’s Car-Mart by 1.4% during the third quarter. Royal Bank of Canada now owns 6,667 shares of the company’s stock worth $778,000 after acquiring an additional 89 shares in the last quarter. Jane Street Group LLC bought a new stake in America’s Car-Mart in the third quarter valued at $359,000. Janus Henderson Group PLC raised its holdings in shares of America’s Car-Mart by 33.4% during the third quarter. Janus Henderson Group PLC now owns 2,441 shares of the company’s stock valued at $285,000 after purchasing an additional 611 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of America’s Car-Mart by 190.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,222 shares of the company’s stock worth $727,000 after purchasing an additional 4,083 shares in the last quarter. Institutional investors and hedge funds own 73.27% of the company’s stock.
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Separately, Zacks Investment Research cut shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a research note on Tuesday, February 1st.
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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