America’s Car-Mart (CRMT) to Release Earnings on Thursday

America’s Car-Mart (NASDAQ:CRMT) is set to release its earnings data before the market opens on Thursday, December 5th. Analysts expect America’s Car-Mart to post earnings of $0.10 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Wednesday, September 4th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.81). America’s Car-Mart had a negative net margin of 2.66% and a negative return on equity of 7.75%. The firm had revenue of $347.76 million during the quarter, compared to analysts’ expectations of $338.78 million. During the same quarter in the previous year, the business posted $0.63 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, analysts expect America’s Car-Mart to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

America’s Car-Mart Stock Down 0.6 %

America’s Car-Mart stock opened at $45.86 on Tuesday. The company has a fifty day simple moving average of $42.30 and a 200-day simple moving average of $53.73. The firm has a market capitalization of $293.50 million, a price-to-earnings ratio of -8.00, a PEG ratio of 1.93 and a beta of 1.67. America’s Car-Mart has a 52-week low of $37.98 and a 52-week high of $83.07.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CRMT shares. Stephens initiated coverage on shares of America’s Car-Mart in a research note on Wednesday, November 13th. They set an “equal weight” rating and a $50.00 price objective for the company. StockNews.com upgraded America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.00.

Insider Activity

In other America’s Car-Mart news, Director Joshua G. Welch purchased 23,255 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of $43.00 per share, with a total value of $999,965.00. Following the purchase, the director now directly owns 148,955 shares in the company, valued at approximately $6,405,065. This trade represents a 18.50 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Adam K. Peterson purchased 813,953 shares of the stock in a transaction dated Thursday, September 19th. The shares were acquired at an average price of $43.00 per share, with a total value of $34,999,979.00. Following the completion of the acquisition, the insider now owns 1,582,363 shares in the company, valued at approximately $68,041,609. This trade represents a 105.93 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 19.60% of the company’s stock.

About America’s Car-Mart

America’s Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer for the used car market in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas.