|Bid||129.01 x 900|
|Ask||139.83 x 800|
|Day's Range||131.96 - 143.20|
|52 Week Range||35.18 - 143.20|
|Beta (5Y Monthly)||1.39|
|PE Ratio (TTM)||13.80|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
America's Car-Mart, Inc. ( NASDAQ:CRMT ), might not be a large cap stock, but it received a lot of attention from a...
Shares of America’s Car-Mart rose 2% on Feb. 16 after the automotive retailer reported strong 3Q results. Its top line was driven by a 16.5% increase in the average sales price and a ~6% increase in the number of units sold. America’s Car-Mart (CRMT) posted earnings per share (EPS) of $2.85 during the third quarter, which came in ahead of the $2.55 expected by analysts. Revenue increased 22% year-on-year to $228.3 million topping analysts’ estimates of $216.9 million. SG&A expenses declined to 16.7% of sales during the quarter compared to 18.6% in the comparable year-ago period. America’s Car-Mart CEO Jeff Williams said, “We believe we are in early stages of transformation from a collections company to more of a sales company that is very good at collections.” The company is focused on digital push and has begun implementing Microsoft Dynamics 365 which is a full enterprise resource planning tool. This will allow America’s Car-Mart to better manage the complete customer relationship management process. (See America’s Car-Mart stock analysis on TipRanks) Stephens Analyst Vincent Caintic recently raised the stock’s price target to $154 (12% upside potential) from $128 and reiterated a Buy rating. Caintic noted that the company’s value proposition has proven itself with both volume and price growth. The analyst believes that a long-term year-on-year topline growth of 10% is achievable. According to TipRanks’ Smart Score system, America’s Car-Mart gets a 5 out of 10, which indicates that the stock is likely to perform in line with market averages. Related News: T. Rowe Price Ramps Up Quarterly Dividend By 20%; Street Says Hold FB Financial Ramps Up Dividend By 22% Kimberly-Clark Tops 4Q Estimates, Hikes Dividend By 6.5% More recent articles from Smarter Analyst: IPG Photonics Posts Profit In Fourth Quarter; Shares Gain Western Alliance To Buy AmeriHome For $1B; Shares Drop 3.5% New Residential Investment To Buy Back $200M In Stock Denny’s 4Q Revenues Miss Estimates Due To COVID-19 Pandemic
America's Car-Mart (NASDAQ:CRMT) announces its next round of earnings this Tuesday, February 16. Here is Benzinga's everything-that-matters guide for this Tuesday's Q3 earnings announcement. What Are Earnings, Net Income, And Earnings Per Share? Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding. Earnings And Revenue Wall Street analysts see America's Car-Mart reporting earnings of $2.55 per share on sales of $216.87 million. In the same quarter last year, America's Car-Mart reported earnings per share of $1.83 on sales of $186.73 million. What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter? Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin. View more earnings on CRMT The analyst consensus estimate would represent a 39.34% increase in the company's earnings. Sales would be up 16.14% from the year-ago period. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up: Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2020 EPS Estimate 2.35 1.45 1.51 1.77 EPS Actual 3.05 2.83 1.35 1.83 Revenue Estimate 200.08 M 167.67 M 175.29 M 171.47 M Revenue Actual 223.36 M 187.91 M 195.69 M 186.73 M Stock Performance For a full 12 months, the return has risen by 10.64%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement. Do not be surprised to see the stock move on comments made during its conference call. America's Car-Mart is scheduled to hold the call at 11:00:00 ET and can be accessed here. See more from BenzingaClick here for options trades from BenzingaTrinet Group Earnings PreviewAllegion Earnings Preview© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.