America's Car-Mart (CRMT - Free Report) closed at $94.81 in the latest trading session, marking a -0.27% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.41%. Meanwhile, the Dow lost 2.38%, and the Nasdaq, a tech-heavy index, lost 3.41%.
Heading into today, shares of the auto retailer had gained 0.69% over the past month, outpacing the Retail-Wholesale sector's loss of 0.45% and the S&P 500's loss of 0.08% in that time.
Investors will be hoping for strength from CRMT as it approaches its next earnings release, which is expected to be May 21, 2019. The company is expected to report EPS of $1.77, up 23.78% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $187.85 million, up 10.86% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for CRMT. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.67% higher. CRMT currently has a Zacks Rank of #3 (Hold).
Investors should also note CRMT's current valuation metrics, including its Forward P/E ratio of 13.26. Its industry sports an average Forward P/E of 9.79, so we one might conclude that CRMT is trading at a premium comparatively.
Meanwhile, CRMT's PEG ratio is currently 0.7. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Retail and Whole Sales industry currently had an average PEG ratio of 1.68 as of yesterday's close.
The Automotive - Retail and Whole Sales industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 20, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.