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CRMT

America's Car-Mart NasdaqGS:CRMT Stock Report

Last Price

US$66.78

Market Cap

US$425.2m

7D

-5.9%

1Y

-46.8%

Updated

26 Sep, 2022

Data

Company Financials +

America's Car-Mart Competitors

Price History & Performance

Summary of all time highs, changes and price drops for America's Car-Mart
Historical stock prices
Current Share PriceUS$66.78
52 Week HighUS$129.50
52 Week LowUS$65.45
Beta1.31
1 Month Change-20.59%
3 Month Change-34.91%
1 Year Change-46.81%
3 Year Change-27.18%
5 Year Change62.68%
Change since IPO22,795.74%

Recent News & Updates

Aug 18

America's Car-Mart GAAP EPS of $2.00 misses by $1.15, revenue of $344.88M beats by $12.51M

America's Car-Mart press release (NASDAQ:CRMT): FQ1 GAAP EPS of $2.00 misses by $1.15. Revenue of $344.88M (+23.0% Y/Y) beats by $12.51M. For the quarter, unit sales volumes were up 2.1% to 15,536 with productivity (retail units sold per dealership per month) flat at 33.6, versus the first quarter of fiscal 2022.

Shareholder Returns

CRMTUS Specialty RetailUS Market
7D-5.9%-9.3%-6.9%
1Y-46.8%-40.0%-23.7%

Return vs Industry: CRMT underperformed the US Specialty Retail industry which returned -38% over the past year.

Return vs Market: CRMT underperformed the US Market which returned -23% over the past year.

Price Volatility

Is CRMT's price volatile compared to industry and market?
CRMT volatility
CRMT Average Weekly Movement10.0%
Specialty Retail Industry Average Movement7.9%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: CRMT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CRMT's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19812,100Jeff Williamshttps://www.car-mart.com

America's Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer in the United States. It primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2022, the company operated 154 dealerships in the South-Central United States.

America's Car-Mart Fundamentals Summary

How do America's Car-Mart's earnings and revenue compare to its market cap?
CRMT fundamental statistics
Market CapUS$425.23m
Earnings (TTM)US$81.54m
Revenue (TTM)US$1.27b

5.2x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CRMT income statement (TTM)
RevenueUS$1.27b
Cost of RevenueUS$989.88m
Gross ProfitUS$283.61m
Other ExpensesUS$202.07m
EarningsUS$81.54m

Last Reported Earnings

Jul 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)12.81
Gross Margin22.27%
Net Profit Margin6.40%
Debt/Equity Ratio106.7%

How did CRMT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CRMT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CRMT?

Other financial metrics that can be useful for relative valuation.

CRMT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA7.9x
PEG Ratio-0.4x

Price to Earnings Ratio vs Peers

How does CRMT's PE Ratio compare to its peers?

CRMT PE Ratio vs Peers
The above table shows the PE ratio for CRMT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.8x
ONEW OneWater Marine
3.5x15.0%US$490.9m
TA TravelCenters of America
7x-35.6%US$788.1m
ARKO Arko
14.6x10.9%US$1.1b
LAZY Lazydays Holdings
2x-37.2%US$139.0m
CRMT America's Car-Mart
5.2x-13.4%US$425.2m

Price-To-Earnings vs Peers: CRMT is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (6.8x).


Price to Earnings Ratio vs Industry

How does CRMT's PE Ratio compare vs other companies in the US Specialty Retail Industry?

Price-To-Earnings vs Industry: CRMT is good value based on its Price-To-Earnings Ratio (5.2x) compared to the US Specialty Retail industry average (6.2x)


Price to Earnings Ratio vs Fair Ratio

What is CRMT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CRMT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.2x
Fair PE Ratio6.9x

Price-To-Earnings vs Fair Ratio: CRMT is good value based on its Price-To-Earnings Ratio (5.2x) compared to the estimated Fair Price-To-Earnings Ratio (6.9x).


Share Price vs Fair Value

What is the Fair Price of CRMT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CRMT ($66.78) is trading above our estimate of fair value ($0.12)

Significantly Below Fair Value: CRMT is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is America's Car-Mart forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-13.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRMT's earnings are forecast to decline over the next 3 years (-13.4% per year).

Earnings vs Market: CRMT's earnings are forecast to decline over the next 3 years (-13.4% per year).

High Growth Earnings: CRMT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CRMT's revenue (6.7% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: CRMT's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CRMT's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has America's Car-Mart performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


27.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CRMT has a high level of non-cash earnings.

Growing Profit Margin: CRMT's current net profit margins (6.4%) are lower than last year (10.9%).


Past Earnings Growth Analysis

Earnings Trend: CRMT's earnings have grown significantly by 27.5% per year over the past 5 years.

Accelerating Growth: CRMT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CRMT had negative earnings growth (-25.5%) over the past year, making it difficult to compare to the Specialty Retail industry average (0.1%).


Return on Equity

High ROE: CRMT's Return on Equity (17%) is considered low.


Discover strong past performing companies

Financial Health

How is America's Car-Mart's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CRMT's short term assets ($1.1B) exceed its short term liabilities ($66.5M).

Long Term Liabilities: CRMT's short term assets ($1.1B) exceed its long term liabilities ($700.7M).


Debt to Equity History and Analysis

Debt Level: CRMT's net debt to equity ratio (105.8%) is considered high.

Reducing Debt: CRMT's debt to equity ratio has increased from 50.5% to 106.7% over the past 5 years.

Debt Coverage: CRMT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: CRMT's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet


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Dividend

What is America's Car-Mart current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.008%

Forecast Dividend Yield

Dividend Yield vs Market

America's Car-Mart Dividend Yield vs Market
How does America's Car-Mart dividend yield compare to the market?
SegmentDividend Yield
Company (America's Car-Mart)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Specialty Retail)2.6%
Analyst forecast in 3 Years (America's Car-Mart)0.008%

Notable Dividend: Unable to evaluate CRMT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CRMT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CRMT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CRMT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CRMT has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Jeff Williams (59 yo)

6.5yrs

Tenure

US$948,093

Compensation

Mr. Jeffrey A. Williams, also known as Jeff, has been the President of America’s Car-Mart, Inc. since March 1, 2016 and has been its Chief Executive Officer since January 1, 2018. He served as Chief Financ...


CEO Compensation Analysis

Jeff Williams's Compensation vs America's Car-Mart Earnings
How has Jeff Williams's remuneration changed compared to America's Car-Mart's earnings?
DateTotal Comp.SalaryCompany Earnings
Jul 31 2022n/an/a

US$82m

Apr 30 2022US$948kUS$750k

US$93m

Jan 31 2022n/an/a

US$110m

Oct 31 2021n/an/a

US$111m

Jul 31 2021n/an/a

US$110m

Apr 30 2021US$798kUS$750k

US$104m

Jan 31 2021n/an/a

US$70m

Oct 31 2020n/an/a

US$63m

Jul 31 2020n/an/a

US$55m

Apr 30 2020US$5mUS$573k

US$51m

Jan 31 2020n/an/a

US$57m

Oct 31 2019n/an/a

US$55m

Jul 31 2019n/an/a

US$52m

Apr 30 2019US$3mUS$441k

US$48m

Jan 31 2019n/an/a

US$43m

Oct 31 2018n/an/a

US$46m

Jul 31 2018n/an/a

US$40m

Apr 30 2018US$518kUS$402k

US$36m

Jan 31 2018n/an/a

US$32m

Oct 31 2017n/an/a

US$21m

Jul 31 2017n/an/a

US$20m

Apr 30 2017US$400kUS$367k

US$20m

Jan 31 2017n/an/a

US$18m

Oct 31 2016n/an/a

US$20m

Jul 31 2016n/an/a

US$14m

Apr 30 2016US$863kUS$367k

US$12m

Compensation vs Market: Jeff's total compensation ($USD948.09K) is below average for companies of similar size in the US market ($USD2.89M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CRMT's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: CRMT's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqGS:CRMT Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
23 Feb 22SellUS$143,985Leonard WalthallIndividual1,600US$90.07

Ownership Breakdown

What is the ownership structure of CRMT?
Owner TypeNumber of SharesOwnership Percentage
General Public453,4147.1%
Hedge Funds458,3927.2%
Individual Insiders461,6987.3%
Institutions4,994,10178.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 77.37% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.06%
BlackRock, Inc.
1,022,886$68.3m2.16%no data
7.2%
The Magnolia Group, LLC
458,392$30.6m12.77%4.76%
6.64%
FMR LLC
423,049$28.3m1.54%no data
6.33%
The Vanguard Group, Inc.
403,333$26.9m-4.49%no data
6.01%
Dimensional Fund Advisors LP
382,747$25.6m7.76%0.01%
4.62%
WCM Investment Management, LLC
294,003$19.6m-1.2%0.05%
4.01%
State Street Global Advisors, Inc.
255,612$17.1m3.11%no data
3.35%
Daniel Englander
213,378$14.2m0%no data
2.33%
Kennedy Capital Management, Inc.
148,641$9.9m-12.33%0.29%
1.99%
Jackson National Asset Management, LLC
126,500$8.4m0%0.17%
1.98%
Northern Trust Global Investments
125,932$8.4m-2.65%no data
1.97%
Vicuna Advisors, LLC
125,700$8.4m0%100%
1.74%
Geode Capital Management, LLC
110,696$7.4m1.39%no data
1.6%
William Henderson
101,830$6.8m0%no data
1.58%
Jeffrey Williams
100,779$6.7m0.05%no data
1.53%
Royce & Associates, LP
97,500$6.5m0%0.06%
1.52%
Ranger Investment Management, L.P.
97,095$6.5m11%0.51%
1.15%
Charles Schwab Investment Management, Inc.
72,946$4.9m10.61%no data
1.13%
Morgan Stanley, Investment Banking and Brokerage Investments
72,218$4.8m44.35%no data
1.07%
Russell Investment Management, LLC
68,361$4.6m4.53%0.01%
0.94%
BNY Mellon Asset Management
59,636$4.0m-1.44%no data
0.68%
Invesco Capital Management LLC
43,313$2.9m3.77%no data
0.67%
Voce Capital Management, LLC
42,932$2.9m-29.69%1.88%
0.67%
Millennium Management LLC
42,441$2.8m-6.37%no data
0.58%
Principal Global Investors, LLC
36,975$2.5m-7.5%no data

Company Information

America's Car-Mart, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: America's Car-Mart, Inc.
  • Ticker: CRMT
  • Exchange: NasdaqGS
  • Founded: 1981
  • Industry: Automotive Retail
  • Sector: Retail
  • Implied Market Cap: US$425.229m
  • Shares outstanding: 6.37m
  • Website: https://www.car-mart.com

Number of Employees


Location

  • America's Car-Mart, Inc.
  • 1805 North 2nd Street
  • Suite 401
  • Rogers
  • Arkansas
  • 72756
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRMTNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 1987
HC9DB (Deutsche Boerse AG)YesCommon StockDEEURMar 1987

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/07/31
Annual Earnings2022/04/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.