Used-car retailer America’s Car-Mart (NASDAQ: CRMT) will be reporting results this Thursday before the bell. Here’s what investors should know.
America's Car-Mart beat analysts’ revenue expectations by 7.8% last quarter, reporting revenues of $370.2 million, up 1.9% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is America's Car-Mart a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting America's Car-Mart’s revenue to grow 3.6% year on year to $359.2 million, a reversal from the 5.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.90 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. America's Car-Mart has missed Wall Street’s revenue estimates twice over the last two years.
Looking at America's Car-Mart’s peers in the automotive and marine retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Camping World delivered year-on-year revenue growth of 9.4%, beating analysts’ expectations by 5.2%, and Lithia reported revenues up 3.8%, falling short of estimates by 2%. Camping World traded down 15.2% following the results while Lithia was also down 6.7%.
Read our full analysis of Camping World’s results here and Lithia’s results here.
There has been positive sentiment among investors in the automotive and marine retail segment, with share prices up 6.3% on average over the last month. America's Car-Mart is up 5.5% during the same time and is heading into earnings with an average analyst price target of $62.50 (compared to the current share price of $45.09).
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