Used-car retailer America’s Car-Mart (NASDAQ:CRMT) will be reporting earnings tomorrow before the bell. Here’s what you need to know.
America's Car-Mart beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $347.3 million, down 3.6% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ gross margin 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 decline 5.6% year on year to $282.8 million, improving from the 7.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.15 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 three times 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 Q4 results, giving us a hint as to what we can expect. Camping World delivered year-on-year revenue growth of 8.6%, beating analysts’ expectations by 6.6%, and Lithia reported revenues up 20.2%, topping estimates by 2.2%. Camping World’s stock price was unchanged after the results, while Lithia was up 4.4%.
Read our full analysis of Camping World’s results here and Lithia’s results here.
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