America’s Car-Mart (CRMT) Scheduled to Post Quarterly Earnings on Thursday

America’s Car-Mart (NASDAQ:CRMT) is set to issue its quarterly earnings data before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

America’s Car-Mart (NASDAQ:CRMT) last released 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 company had revenue of $347.76 million for the quarter, compared to analysts’ expectations of $338.78 million. During the same period last year, the company posted $0.63 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, analysts expect America’s Car-Mart to post $1 EPS for the current fiscal year and $4 EPS for the next fiscal year.

America’s Car-Mart Stock Up 1.4 %

Shares of NASDAQ CRMT opened at $47.21 on Thursday. The firm’s fifty day moving average is $42.09 and its 200 day moving average is $54.18. America’s Car-Mart has a 52 week low of $37.98 and a 52 week high of $83.07. The company has a market cap of $302.14 million, a price-to-earnings ratio of -8.24, a PEG ratio of 1.40 and a beta of 1.67.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at America’s Car-Mart

In related news, Director Joshua G. Welch acquired 23,255 shares of the stock in a transaction on Thursday, September 19th. The stock was acquired at an average cost of $43.00 per share, for a total transaction of $999,965.00. Following the completion of the acquisition, the director now directly owns 148,955 shares of the company’s stock, valued at approximately $6,405,065. This represents a 18.50 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Adam K. Peterson bought 813,953 shares of America’s Car-Mart stock in a transaction on Thursday, September 19th. The shares were purchased at an average price of $43.00 per share, for a total transaction of $34,999,979.00. Following the acquisition, the insider now directly 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. 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.