America’s Car-Mart, Inc. (CRMT) Rating Reiterated by Jefferies Group LLC

America’s Car-Mart, Inc. (NASDAQ:CRMT)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group LLC in a research note issued on Friday. They presently have a $41.00 price objective on the stock. Jefferies Group LLC’s price target indicates a potential upside of 11.11% from the stock’s current price.

Separately, Zacks Investment Research cut America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th.

Shares of America’s Car-Mart (NASDAQ:CRMT) traded down 1.08% during midday trading on Friday, hitting $36.50. 23,919 shares of the stock traded hands. The company has a market capitalization of $275.50 million, a P/E ratio of 14.66 and a beta of 0.94. America’s Car-Mart has a 1-year low of $30.20 and a 1-year high of $47.75. The stock has a 50 day moving average of $38.19 and a 200 day moving average of $37.02.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, August 17th. The company reported $0.90 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.90. America’s Car-Mart had a return on equity of 8.82% and a net margin of 3.43%. The business had revenue of $146.40 million for the quarter, compared to analyst estimates of $153.05 million. During the same period last year, the company earned $0.87 EPS. America’s Car-Mart’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts predict that America’s Car-Mart will post $3.06 earnings per share for the current fiscal year.

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In related news, major shareholder Magnolia Capital Fund, Lp acquired 14,000 shares of the stock in a transaction on Friday, August 4th. The stock was acquired at an average price of $37.61 per share, for a total transaction of $526,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William H. Henderson sold 1,608 shares of America’s Car-Mart stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $38.09, for a total value of $61,248.72. Following the transaction, the chief executive officer now owns 89,298 shares of the company’s stock, valued at approximately $3,401,360.82. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 68,700 shares of company stock valued at $2,531,007 and have sold 28,108 shares valued at $1,061,151. 11.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CRMT. Tower Research Capital LLC TRC boosted its position in shares of America’s Car-Mart by 3,157.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the company’s stock worth $137,000 after buying an additional 3,410 shares during the last quarter. American International Group Inc. boosted its position in shares of 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 worth $177,000 after buying an additional 326 shares during the last quarter. Voya Investment Management LLC bought a new position in shares of America’s Car-Mart during the second quarter worth about $206,000. The Manufacturers Life Insurance Company boosted its position in shares of America’s Car-Mart by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 6,155 shares of the company’s stock worth $240,000 after buying an additional 112 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of America’s Car-Mart during the first quarter worth about $304,000. Institutional investors and hedge funds own 83.55% of the company’s stock.

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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