Jefferies Group LLC Reiterates Hold Rating for America’s Car-Mart, Inc. (CRMT)

America’s Car-Mart, Inc. (NASDAQ:CRMT)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group LLC in a research report issued on Friday, May 12th. They presently have a $36.00 price objective on the stock. Jefferies Group LLC’s target price would suggest a potential downside of 5.01% from the stock’s current price.

Separately, Zacks Investment Research downgraded America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Wednesday, February 22nd.

Shares of America’s Car-Mart (NASDAQ:CRMT) remained flat at $37.90 during trading on Friday. The company’s stock had a trading volume of 65,606 shares. The company has a market capitalization of $288.34 million, a PE ratio of 15.22 and a beta of 0.88. The firm’s 50-day moving average is $36.82 and its 200 day moving average is $38.90. America’s Car-Mart has a 52 week low of $24.83 and a 52 week high of $47.75.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Monday, May 22nd. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. America’s Car-Mart had a return on equity of 8.82% and a net margin of 3.43%. The business had revenue of $152.90 million during the quarter, compared to the consensus estimate of $158.24 million. During the same period last year, the company earned $0.40 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts expect that America’s Car-Mart will post $3.13 EPS for the current year.

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In related news, CEO William H. Henderson sold 1,608 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $38.09, for a total transaction of $61,248.72. Following the completion of the sale, the chief executive officer now owns 89,298 shares in the company, valued at $3,401,360.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William H. Henderson sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $35.00, for a total value of $700,000.00. Following the sale, the chief executive officer now owns 96,984 shares of the company’s stock, valued at approximately $3,394,440. The disclosure for this sale can be found here. Company insiders own 14.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. raised its position in America’s Car-Mart by 7.2% in the first quarter. American International Group Inc. now owns 4,864 shares of the company’s stock valued at $177,000 after buying an additional 326 shares during the period. Citadel Advisors LLC bought a new position in America’s Car-Mart during the third quarter worth about $246,000. Prudential Financial Inc. bought a new position in America’s Car-Mart during the first quarter worth about $304,000. Highbridge Capital Management LLC bought a new position in America’s Car-Mart during the fourth quarter worth about $305,000. Finally, Russell Investments Group Ltd. bought a new position in America’s Car-Mart during the fourth quarter worth about $529,000. 83.41% of the stock is currently owned by institutional investors.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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