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
In this article, we discuss the 10 best used car stocks to buy. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Used Car Stocks to Buy. The conversations around the automotive sector in the media tend to focus on the electric revolution in the industry and […]
Rogers, Arkansas , July 26, 2021 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) today announced it will release fiscal 2022 first quarter financial results on Tuesday, August 17, 2021, after the market closes. Senior management will hold a conference call the following day, Wednesday, August 18, 2021 at 11:00 a.m. (Eastern). A live audio of the conference call will be accessible to the public by calling (877) 776-4031, conference ID #9489631. International callers should dial (631)
America’s Car-Mart saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 92 to 96.
America’s Car-Mart (CRMT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
America’s Car-Mart (NASDAQ:CRMT) has had a rough three months with its share price down 9.5%. However, stock prices are…
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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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NOTE: There is a significant amount of data behind the scenes in getting to the analysis in the tab above. Too much information for traders only confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.