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
Rogers, Arkansas , Oct. 01, 2021 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) opened its 152nd dealership in El Reno, Oklahoma on October 1, 2021. The company recently purchased the ongoing assets of The Car Man LLC in El Reno. This will be the 29th dealership in Oklahoma and the first new dealership opening in fiscal year 2022. The dealership will be managed by Armin Horn. “We are excited about this opportunity to add another location to our portfolio to better serve new and exis
ROGERS, Ark., Sept. 30, 2021 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) (the “Company”) today announced it has entered into Amendment No. 3 to the Third Amended and Restated Loan and Security Agreement (the “Agreement”). Amendment No. 3 to the Agreement (the “Amendment”) extends the term of the Company’s revolving credit facilities to September 29, 2024, and increases the total permitted borrowings to $600 million, an increase of $274 million. “As we continue to grow, serving mo
America’s Car-Mart, Inc. ( NASDAQ:CRMT ) shareholders might be concerned after seeing the share price drop 14% in the…
Wait for the next catalyst or this auto dealer.
Rogers, Arkansas , Sept. 02, 2021 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) announced today that its stockholders have elected Julia K. Davis to its Board of Directors, effective as of the Company’s annual meeting of stockholders on August 25, 2021. Ms. Davis replaces Ray C. Dillon, who retired from the Board of Directors effective upon the completion of his most recent term on August 25, 2021. “We are excited to welcome Julia to our board. Her information technology expertise
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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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