America's Car-Mart (CRMT) Q4 Earnings: What To Expect

StockStory
05 Mar
America's Car-Mart (CRMT) Q4 Earnings: What To Expect

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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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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