Recent Investment Analysts’ Ratings Changes for America’s Car-Mart (CRMT)

Several brokerages have updated their recommendations and price targets on shares of America’s Car-Mart (NASDAQ: CRMT) in the last few weeks:

  • 11/20/2018 – America’s Car-Mart had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $87.00 price target on the stock.
  • 11/20/2018 – America’s Car-Mart was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $93.00 price target on the stock. According to Zacks, “America’s Car-Mart operates automotive dealerships and is one of the largest automotive retailers in the United States focused exclusively on the Buy Here/Pay Here segment of the used car market. The Company operates its dealerships primarily in small cities and rural locations throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. “
  • 11/16/2018 – America’s Car-Mart was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/15/2018 – America’s Car-Mart was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 11/6/2018 – America’s Car-Mart was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “America’s Car-Mart operates automotive dealerships and is one of the largest automotive retailers in the United States focused exclusively on the Buy Here/Pay Here segment of the used car market. The Company operates its dealerships primarily in small cities and rural locations throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. “
  • 10/31/2018 – America’s Car-Mart was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/9/2018 – America’s Car-Mart was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of CRMT stock opened at $74.21 on Monday. America’s Car-Mart, Inc. has a twelve month low of $42.20 and a twelve month high of $89.85. The stock has a market capitalization of $510.81 million, a P/E ratio of 20.61, a PEG ratio of 0.67 and a beta of 1.01.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Thursday, November 15th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.48. America’s Car-Mart had a net margin of 7.06% and a return on equity of 15.68%. The firm had revenue of $167.17 million during the quarter, compared to the consensus estimate of $166.46 million. Equities analysts expect that America’s Car-Mart, Inc. will post 5.64 earnings per share for the current fiscal year.

In other news, Director Ray C. Dillon bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The stock was purchased at an average price of $80.45 per share, with a total value of $80,450.00. Following the purchase, 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 is accessible through this hyperlink. Also, Director Ray C. Dillon bought 750 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was purchased at an average cost of $83.41 per share, with a total value of $62,557.50. Following the purchase, the director now directly owns 1,500 shares in the company, valued at approximately $125,115. The disclosure for this purchase can be found here. Insiders own 10.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Jefferies Group LLC acquired a new position in shares of America’s Car-Mart during the 3rd quarter valued at about $202,000. Russell Investments Group Ltd. acquired a new position in shares of America’s Car-Mart during the 2nd quarter valued at about $207,000. Jane Street Group LLC acquired a new position in shares of America’s Car-Mart during the 2nd quarter valued at about $235,000. Tower Research Capital LLC TRC acquired a new position in shares of America’s Car-Mart during the 2nd quarter valued at about $272,000. Finally, Spark Investment Management LLC acquired a new position in shares of America’s Car-Mart during the 2nd quarter valued at about $297,000. 69.42% of the stock is owned by hedge funds and other institutional investors.

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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