earnings

Car & Auto

America’s Car-Mart (CRMT) Q3 Earnings Lag Estimates

This story originally appeared on Zacks

America’s Car-Mart (CRMT) came out with quarterly earnings of $2.77 per share, missing the Zacks Consensus Estimate of $2.97 per share. This compares to earnings of $2.85 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -6.73%. A quarter ago, it was expected that this auto retailer would post earnings of $3.41 per share when it actually produced earnings of $3.33, delivering a surprise of -2.35%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

America’s Car-Mart, which belongs to the Zacks Automotive – Retail and Whole Sales industry, posted revenues of $291.9 million for the quarter ended January 2022, surpassing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $228.26 million. The company has topped consensus revenue estimates four times over

Car & Auto

Seaport Res Ptn Comments on Group 1 Automotive, Inc.’s Q1 2022 Earnings (NYSE:GPI)

By Betty C. Morrow 4 months ago

Group 1 Automotive, Inc. (NYSE:GPI) – Seaport Res Ptn issued their Q1 2022 earnings estimates for shares of Group 1 Automotive in a research note issued on Friday, February 11th. Seaport Res Ptn analyst G. Chin anticipates that the company will post earnings of $9.21 per share for the quarter. Seaport Res Ptn also issued estimates for Group 1 Automotive’s Q2 2022 earnings at $10.94 EPS, Q3 2022 earnings at $10.74 EPS, Q4 2022 earnings at $8.98 EPS and FY2023 earnings at $30.87 EPS.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Wednesday, February 9th. The company reported $9.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $9.05 by $0.49. Group 1 Automotive had a net margin of 4.23% and a return on equity of 33.92%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of

Car & Auto

AutoZone Stock Up; Earnings Beat Amid Huge Used-Car Demand

By Betty C. Morrow 7 months ago

Shares of AutoZone (AZO) – Get AutoZone, Inc. Report jumped Tuesday after the car-parts retailer reported a fiscal-first quarter profit-and-sales beat.

For the quarter ended Nov. 20 the Memphis company reported earnings of $25.69 per share on revenue of $3.67 billion.

Analysts surveyed by FactSet were expecting earnings of $21.01 per share on revenue of $3.37 billion.

“Our retail and commercial sales performance were consistently strong all quarter,” Chief Executive Bill Rhodes said in a statement.

“Our commercial business growth continues to be exceptionally strong at 29.4% as the investments we are making are positioning us well in the marketplace,”

“We are optimistic about our growth prospects for the balance of the fiscal year.”

Shares of AutoZone at last check moved up 1.6% to $1,910.

Used-car demand has surged during the pandemic, particularly because supplies of new cars have dried up due to the worldwide semiconductor shortage.

The

Car & Auto

America’s Car-Mart (CRMT) Lags Q2 Earnings Estimates

By Betty C. Morrow 7 months ago

America’s Car-Mart (NASDAQ:) came out with quarterly earnings of $3.33 per share, missing the Zacks Consensus Estimate of $3.41 per share. This compares to earnings of $3.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -2.35%. A quarter ago, it was expected that this auto retailer would post earnings of $3.55 per share when it actually produced earnings of $3.57, delivering a surprise of 0.56%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

America’s Car-Mart, which belongs to the Zacks Automotive – Retail and Whole Sales industry, posted revenues of $288.3 million for the quarter ended October 2021, surpassing the Zacks Consensus Estimate by 2.03%. This compares to year-ago revenues of $223.36 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the