America's Car-Mart (CRMT) Set to Announce Earnings on Thursday

America's Car-Mart (NASDAQ:CRMT - Get Free Report) will be posting its quarterly earnings results 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 interested in listening to the company's conference call can do so using this link.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $338.78 million. During the same period last year, the company earned $0.63 EPS. The company's revenue 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 $4 EPS for the next fiscal year.

America's Car-Mart Stock Up 1.4 %

Shares of CRMT stock traded up $0.66 during mid-day trading on Thursday, reaching $47.21. The stock had a trading volume of 120,794 shares, compared to its average volume of 103,271. America's Car-Mart has a one year low of $37.98 and a one year high of $83.07. The firm has a market cap of $302.14 million, a PE ratio of -8.24, a P/E/G ratio of 1.40 and a beta of 1.67. The firm's 50 day simple moving average is $42.09 and its 200 day simple moving average is $54.18.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of America's Car-Mart from a "sell" rating to a "hold" rating in a research note on Friday, August 23rd. Stephens began coverage on shares of America's Car-Mart in a research report on Wednesday, November 13th. They set an "equal weight" rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $50.00.

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.