America’s Car-Mart (CRMT) Given Hold Rating at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of America’s Car-Mart (NASDAQ:CRMT) in a research note released on Tuesday. The brokerage currently has a $87.00 target price on the stock.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of America’s Car-Mart from a strong-buy rating to a hold rating in a research report on Tuesday, November 6th. ValuEngine upgraded shares of America’s Car-Mart from a hold rating to a buy rating in a research report on Friday, November 16th. TheStreet upgraded shares of America’s Car-Mart from a c+ rating to a b rating in a research report on Wednesday, August 15th. BidaskClub upgraded shares of America’s Car-Mart from a hold rating to a buy rating in a research report on Wednesday, October 31st. Finally, Stephens set a $84.00 target price on shares of America’s Car-Mart and gave the stock a hold rating in a research report on Monday, August 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $90.80.

NASDAQ CRMT opened at $74.11 on Tuesday. The stock has a market cap of $574.48 million, a P/E ratio of 20.59, a PEG ratio of 0.80 and a beta of 1.01. America’s Car-Mart has a 52-week low of $42.20 and a 52-week high of $89.85.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, November 15th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.48. The firm had revenue of $167.17 million during the quarter, compared to analysts’ expectations of $166.46 million. America’s Car-Mart had a net margin of 7.06% and a return on equity of 15.68%. As a group, analysts predict that America’s Car-Mart will post 5.34 EPS for the current fiscal year.

In related news, Director Ray C. Dillon bought 1,000 shares of the stock in a transaction on Friday, September 21st. The shares were bought at an average cost of $80.45 per share, for a total transaction of $80,450.00. Following the completion of the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $201,125. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ray C. Dillon bought 750 shares of the stock in a transaction on Tuesday, September 4th. The shares were bought at an average price of $83.41 per share, for a total transaction of $62,557.50. Following the completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at approximately $125,115. The disclosure for this purchase can be found here. Corporate insiders own 10.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of CRMT. Jefferies Group LLC acquired a new stake in shares of America’s Car-Mart in the third quarter valued at approximately $202,000. Russell Investments Group Ltd. acquired a new stake in shares of America’s Car-Mart in the second quarter valued at approximately $207,000. Jane Street Group LLC acquired a new stake in shares of America’s Car-Mart in the second quarter valued at approximately $235,000. Tower Research Capital LLC TRC acquired a new stake in shares of America’s Car-Mart in the second quarter valued at approximately $272,000. Finally, Spark Investment Management LLC acquired a new stake in shares of America’s Car-Mart in the second quarter valued at approximately $297,000. Institutional investors own 69.42% of the company’s stock.

About America’s Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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