Jump Report
Avg Daily Volume: 113,031 Market Cap: 649.79M
Sector: Services Short Interest: 5.28
EARNINGS EXPECTATIONS:
ESTIMATED EPS: 1.82/share REV: 187.04/M
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LAST QTR: EPS: 1.55/share ESTIMATED: 1.02/share (BEAT)
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NEXT QTR: EPS: .1.71/share REV: 178.23/M
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FY19: EPS: 6.48/share REV: 676.81/M
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*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 83% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) 7.55, 18.02, 22.31
POTENTIAL JUMP MOVE: 12-15%
Links To Latest News and Headlines
Signet Jewelers and America’s Car-Mart have been highlighted as Zacks Bull and Bear of the Day.
A wide bottom line miss in its latest quarter and negative earnings estimate revisions from analysts paint a challenging picture for the company’s shares in the near term.
Executives and investors bought shares of Carvana, CarMax, and America’s Car-Mart as a brutal year for the sector was coming to an end.
America’s Car-Mart, Inc. (NASDAQ:CRMT) Q2 2023 Earnings Call Transcript November 17, 2022 America’s Car-Mart, Inc. misses on earnings expectations. Reported EPS is $0.48 EPS, expectations were $2.17. Operator: Good morning, everyone. Thank you for holding, and welcome to America’s Car-Mart Second Quarter Fiscal 2023 Conference Call. The topic of this call will be the earnings […]
ROGERS, Ark., Dec. 22, 2022 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) has been named to “America’s Greatest Workplaces 2023 for Diversity” by Newsweek. America’s Car-Mart, Inc. (“Car-Mart”) is one of 1,000 companies in the United States earning the designation. The ranking is a listing of the top companies that employees say really respect and value different kinds of people. “This recognition is a testament to our company’s commitment to build a diverse and inclusive organizat
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ANALYSIS:
Stockjumpers trajectory analysis reveals a surprise negative reaction to the earnings release news. This stock has been on a tear this year and is trading near all time highs. (102/share now). We think its in overbought territory so any soft release news like less than stellar sales will cause a correction. That’s the scenario we see unfolding today. They may beat on EPS, but if sales going forward show signs of weakness, and we think it will this stock is headed south on the news.
We are SHORT for the event.
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TRADE PLAN:
ENTRY: SELL – end of day
STOP LOSS: 5%
TAKE PROFIT: 15%
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UPDATE: We are cautiously short.. we think they will do well, but be softer on sales expectations.
POST RELEASE ACTION: They missed on sales, but beat on EPS. We will hold until the AM
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