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Earnings highlights: Ciena, Del Monte, Hovnanian, Krispy Kreme, Movado ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Ciena, Del Monte, Hovnanian, Krispy Kreme, Movado ...

America's Car-Mart tags four-year high after earnings

America's Car-Mart, Inc. (NASDAQ: CRMT) surprised Wall Street this morning with stronger-than-expected quarterly earnings. The auto retailer banked a first-quarter profit of $7 million, or 60 cents per share, up from 45 cents per share in the year-ago period. Revenue climbed 11% to $83.8 million, buoyed by an 8.5% jump in same-store sales.

Both figures were better than analysts expected, with consensus estimates calling for a profit of 41 cents per share on $78.0 million in revenue. The company added to the glad tidings by reporting that its provision for credit losses dipped to 19.5% of sales, compared to 20.9% in the same quarter last year.

Continue reading America's Car-Mart tags four-year high after earnings

The week in preview: End-of-quarter earnings expectations: Nike, Oracle, Walgreen ...

This week brings a small flurry of end-of-the-calendar-quarter earnings reports. And for the most part, the expectations of the analysts surveyed by Thomson Reuters aren't very high. Companies expected to report declining earnings in the most recently concluded quarter include America's Car-Mart Inc. (NASDAQ: CRMT), Bed Bath & Beyond Inc. (NASDAQ: BBBY), ConAgra Foods Inc. (NYSE: CAG), Jabil Circuit Inc. (NYSE: JBL), Jackson Hewitt Tax Service Inc. (NYSE: JTX), Monsanto Co. (NYSE: MON), and Sonic Corp. (NASDAQ: SONC).

Continue reading The week in preview: End-of-quarter earnings expectations: Nike, Oracle, Walgreen ...

Earnings highlights: Berkshire Hathaway, Blackstone, Costco, Toll Bros. and more

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Berkshire Hathaway, Blackstone, Costco, Toll Bros. and more

America's Car-Mart beats the recession

While General Motors (NYSE: GM) and Chrysler are clinging to the life raft of government cheese and new car dealers around the country are closing shop, America's Car-Mart (NASDAQ: CRMT) is doing a pretty brisk business.

The company reported its third quarter results this morning and they were pretty solid: an 8% increase in net income, a decrease in the company's debt load, and same-store sales growth of 2.9%. In a press release, CEO Hank Henderson commented that "Throughout the quarter we carried a slightly larger percentage of higher-cost vehicles in an effort to better attract those folks who are now 'buy-here-pay-here' customers as a result of recent credit tightening. We were able to maintain the positive sales momentum that began well over a year ago. In fact, for the nine-month period, unit sales are up strongly at 7.7%, revenues are up 11.6% and same store revenue growth is up 11.2%."

Continue reading America's Car-Mart beats the recession

The week in preview: Earnings season winds down

While the release of economic data doesn't stop next week (see economic schedule highlights below), the earnings season does wind down dramatically. Most of the S&P 500 companies already have reported on the past quarter, which means dismal earnings news is largely behind us, at least for a while. About the only companies of note expected by analysts surveyed by Thomson Reuters to report falling earnings this week are Costco Wholesale Corp. (NASDAQ: COST), Wendy's/Arby's Group Inc. (NYSE: WEN), Foot Locker Inc. (NYSE: FL), Bank of Montreal (NYSE: BMO), and Steinway Musical Instruments Inc. (NYSE: LVB).

While PetSmart Inc. (NASDAQ: PETM) and Big Lots Inc. (NYSE: BIG) quarterly profits are expected to be about the same as a year ago, Liz Claiborne Inc. (NYSE: LIZ), Kenneth Cole Productions Inc. (NYSE: KCP), Ciena Corp. (NASDAQ: CIEN), and Trina Solar Ltd. (NYSE: TSL) are expected to have swung to losses in the most recent quarter.

Continue reading The week in preview: Earnings season winds down

Earnings highlights: Sears, GE, Goldman Sachs, Johnson & Johnson, Staples and others

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: Sears, GE, Goldman Sachs, Johnson & Johnson, Staples and others

America's Car-Mart reports sales growth

It must be something in the water in Bentonville, Arkansas. The tiny town is home to Wal-Mart (NYSE: WMT), of course, but also the less famous America's Car-Mart (NASDAQ: CRMT), which operates 92 used car dealerships in the South-Central United States.

While the auto industry is mired in the biggest downturn in its history, America's Car-Mart is posting some pretty impressive numbers.

The company reported its second quarter results today, and achieved same-store sales growth of 5.3%. That compares quite nicely to Carmax's (NYSE: KMX) 17% decline for its second quarter.

Continue reading America's Car-Mart reports sales growth

America's Car-Mart (CRMT): Shares cycle in bullish 'pennant'

America's Car-Mart (NASDAQ: CRMT) operates 91 automotive dealerships, located primarily in the smaller urban markets of eight South-Central states. The dealerships focus on selling and providing the financing for basic, affordable cars, trucks and sport utility vehicles. Competitors include AutoNation (NYSE: AN) and CarMax (NYSE: KMX).

The company pleased investors last week, when it reported fiscal Q1 EPS of 45 cents and revenues of $75.7 million. Analysts had been looking for 38 cents and $73.8 million. The CEO expressed confidence in the firm's ability to maintain a positive sales trend, noting that Q1 retail unit sales had increased 25.8% (yr/yr) and Q1 same store revenues had risen 28.5% (yr/yr).

Continue reading America's Car-Mart (CRMT): Shares cycle in bullish 'pennant'

America's Car-Mart (CRMT): Shares cycle in bullish 'pennant' formation

America's Car-Mart (NASDAQ: CRMT) operates 91 automotive dealerships, located primarily in the smaller urban markets of eight South-Central states. The dealerships focus on selling and providing the financing for basic, affordable cars, trucks and sport utility vehicles. Competitors include AutoNation (NYSE: AN) and CarMax (NYSE: KMX).

The company pleased investors late last month, when it reported fiscal Q4 EPS of 47 cents and revenues of $76.5 million. Analysts had been looking for 29 cents and $69.2 million. The firm said it was seeing increased traffic at its dealerships, as the cost of living rose. CL King subsequently upgraded CRMT shares from "accumulate" to "strong buy", noting management's improved execution in sales, underwriting, collections and purchasing. The company was expected to do well, in the current economic environment.

Continue reading America's Car-Mart (CRMT): Shares cycle in bullish 'pennant' formation

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 26, 2009: 12:07 AM

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