Americas Car Mart - Momentum
December 04 2011 - 7:00PM
Zacks
Americas Car Mart (CRMT) just surged into a new all-time
high after reporting another strong quarter that included a 12%
earnings surprise. With estimates on the rise and a bullish growth
projection, this Zacks #1 Rank stock has plenty of momentum.
Company Description
Americas Car Mart, Inc., through its subsidiaries,
operates as an automotive retailer in the United States. The
company specializes in used cars and is a small cap valued at $324
million.
CRMT posted big gains in October with the market.
But shares got an extra boost on November 17 after the company
reported strong Q2 results that included a 12% earnings
surprise.
Second-Quarter Results
Revenue for the period was up 21% from last year to
$111 million. Earnings also came in strong at 77 cents, 12% ahead
of the Zacks Consensus Estimate, where the company has an average
earnings surprise of 10% over the last three quarters.
High volume drove the good quarter, with units sold
up 18% from last year to 9,919.
Estimates
We saw some pretty solid movement in estimates off
the good quarter, with the current year adding 6% to $3.16. The
next-year estimate is pegged at $3.61, a 14% growth projection.
Valuation
CRMT's PEG ratio of .86 is below the benchmark of 1
for value.
3-Month Chart
On the chart, shares began rallying in October with
the market before recently surging into a new all-time high. Look
for support from the trend line on any weakness. Take a look
below.
![](http://www.zacks.com/images/upload_dir/1322865754.jpg)
Michael Vodicka is the Momentum Stock Strategist
for Zacks.com. He is also the Editor in charge of the
market-beating Zacks Whisper Trader Service.
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