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Insiders Snapping Up American Superconductor, Mediamind and More

If you are looking for clues telling you which stocks have a good chance of increasing in value, you might want consider watching what insiders are doing. After all, talk is cheap, but when insiders put their own money on the line, you should sit up and take note.

American Superconductor Corp (AMSC) topped the insider-buying charts for the week ending July 9th as insiders snapped up 200,000 shares of company stock at a market value of $5,657,600. During the past six months, insiders have increased their overall holdings in the company by 27.24% and now own 10.05% of AMSC stock.

Mediamind Technologies Inc (MDMD) was not far behind, with insiders buying 380,200 shares at a market value of $4,372,302. Insiders now own 0.00% of the company's stock after decreasing their overall holdings by 0.00% during the past six months.

Continue reading Insiders Snapping Up American Superconductor, Mediamind and More

America's Car-Mart's Engine Ran Smoothly in the Fourth Quarter

America's Car-Mart Inc. (CRMT), an automotive retailer whose colleagues include AutoNation Inc. (AN) and CarMax Inc. (KMX), reported what I thought was an excellent fourth quarter. But the shares aren't performing how one might think they would perform given the data.

At the time of this writing during the afternoon session, my screen showed a quote of $24.53 for the stock. That was up three little pennies. Not much action there, my trading friends. And I'll tell you, there hasn't been much excitement in the stock over the last few months. If you take a look at the following chart, you'll see a narrow, boring range of sideways action.

Continue reading America's Car-Mart's Engine Ran Smoothly in the Fourth Quarter

The Week in Preview: Employment, ISM Indexes, Earnings (CRMT, CSIQ, HOV)

earnings expectationsWith the Memorial Day holiday in the U.S. and the fact that the earnings season has largely wound down, things will be fairly quiet on the economic calendar this week. Like the other big Canadian banks did last week, Bank of Nova Scotia (BNS) is expected to post strong second-quarter results. The same is true of Shoe Carnival (SCVL) and its competitor Collective Brands (PSS). But the earnings highlight of the week may come from America's Car-Mart Inc. (CRMT).

Bentonville Ark.-based America's Car-Mart, the largest publicly traded used auto retailer in the U.S., opened new dealerships and upgraded its communications infrastructure in its fiscal fourth quarter. Analysts surveyed by Thomson Reuters expect its earnings to have risen more than 25% from the same period of the previous year. Revenue for the three months that ended in April is expected to have risen about 14% in the past year. The consensus forecast for the full year has EPS up more than 30% and revenue up about 13%. The company's per-share earnings have beat consensus estimates in past four quarters, by as much as 45%.

Continue reading The Week in Preview: Employment, ISM Indexes, Earnings (CRMT, CSIQ, HOV)

Analyst Calls: CAKE, CCO, CRMT, DF, HON, PCS, PRI, ROK, SXE, TSN, WAC ...

Analyst Upgrades

  • Piper Jaffray upgraded Clear Channel Outdoors (CCO) to neutral from underweight following the company's Q1 results. The firm also doubled its price target for shares to $12 from $6.
  • Deutsche Bank upgraded MetroPCS (PCS) to buy from hold to reflect higher EBITDA assumptions and valuation while doubling its target price for shares to $14 from $7.
  • Thomas Weisel upgraded America's Car-Mart (CRMT) to overweight from market weight ahead of the company's Q4 results and upped its target for shares to $31 from $30. The firm has increased confidence in its FY11 estimates for the company and sees potential upside in Q4.
  • Esterline Technologies (ESL) was upgraded to overweight from equal weight at Stephens.
  • Cheesecake Factory (CAKE) was upgraded to outperform from neutral at Baird.
  • J.B. Hunt (JBHT) was upgraded to buy from neutral at Longbow.

Continue reading Analyst Calls: CAKE, CCO, CRMT, DF, HON, PCS, PRI, ROK, SXE, TSN, WAC ...

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: Summer (and the earnings season) winds down

Summer is winding down and so is another earnings season. Most of the S&P 500 have reported results for the past quarter, but there are still a few things of note coming up this week.

In its second quarter, Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA), one of the largest entertainment media companies in China, announced plans for an IPO for its Shanda Games business and bought a majority stake in music producer and distributor.

Continue reading The week in preview: Summer (and the earnings season) winds down

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

Earnings highlights: Lehman, Washington Mutual, Campbell, FedEx, Krispy Kreme and others

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

Upcoming quarterly reports include Kroger (NYSE: KR), Adobe (NASDAQ: ADBE), Best Buy (NYSE: BBY), Goldman Sachs (NYSE: GS), General Mills (NYSE: GIS), Morgan Stanley (NYSE: MS), ConAgra (NYSE: CAG), FedEx (NYSE: FDX), and Oracle (NASDAQ: ORCL).

Visit AOL Money & Finance for more earnings coverage.

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'

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Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 10, 2012: 11:50 PM

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