America’s Car-Mart (CRMT) Q1 Earnings: What To Expect

Used-car retailer America’s Car-Mart (NASDAQ:CRMT) will be reporting earnings this Tuesday before market open. Here’s what to look for.

America’s Car-Mart missed analysts’ revenue expectations last quarter, reporting revenues of $285.3 million, down 12% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS estimates.

Is America’s Car-Mart a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting America’s Car-Mart’s revenue to decline 7.8% year on year, a reversal from the 1.5% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. America’s Car-Mart has missed Wall Street’s revenue estimates multiple times over the last two years.

With America’s Car-Mart being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for automotive and marine retail stocks. However, investors in the segment have had fairly steady hands going into earnings, with share prices down 1.1% on average over the last month. America’s Car-Mart is up 32.4% during the same time .

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