America’s Car-Mart (CRMT) Lowered to “Buy” at BidaskClub

BidaskClub lowered shares of America’s Car-Mart (NASDAQ:CRMT) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday, April 3rd, BidAskClub reports.

CRMT has been the topic of several other research reports. Zacks Investment Research raised America’s Car-Mart from a hold rating to a buy rating and set a $78.00 price target on the stock in a research report on Tuesday, February 5th. ValuEngine raised America’s Car-Mart from a sell rating to a hold rating in a research report on Saturday, December 15th. Bank of America reaffirmed a buy rating and set a $110.00 price target (up previously from $102.00) on shares of America’s Car-Mart in a research report on Tuesday, February 26th. Finally, Buckingham Research started coverage on America’s Car-Mart in a research report on Thursday, March 28th. They set a buy rating and a $103.00 price target on the stock. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $96.67.

America’s Car-Mart stock traded up $2.11 during midday trading on Wednesday, reaching $101.89. The stock had a trading volume of 66,348 shares, compared to its average volume of 98,473. America’s Car-Mart has a 1-year low of $52.20 and a 1-year high of $101.96. The firm has a market cap of $671.10 million, a PE ratio of 28.30, a P/E/G ratio of 0.80 and a beta of 0.90.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Tuesday, February 19th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.53. The business had revenue of $161.05 million for the quarter, compared to analyst estimates of $163.97 million. America’s Car-Mart had a return on equity of 18.04% and a net margin of 6.53%. As a group, analysts anticipate that America’s Car-Mart will post 6.43 EPS for the current fiscal year.

In related news, Director William H. Henderson sold 10,000 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $82.12, for a total value of $821,200.00. Following the completion of the sale, the director now directly owns 126,438 shares in the company, valued at approximately $10,383,088.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gremp Jim Von sold 3,000 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $92.58, for a total value of $277,740.00. The disclosure for this sale can be found here. Insiders have sold a total of 14,500 shares of company stock valued at $1,235,950 over the last quarter. 10.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised its holdings in America’s Car-Mart by 101.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,687 shares of the company’s stock valued at $524,000 after acquiring an additional 3,370 shares in the last quarter. Wells Fargo & Company MN raised its holdings in America’s Car-Mart by 37.7% in the 3rd quarter. Wells Fargo & Company MN now owns 14,080 shares of the company’s stock valued at $1,101,000 after acquiring an additional 3,857 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in America’s Car-Mart by 109.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,340 shares of the company’s stock valued at $1,746,000 after acquiring an additional 11,668 shares in the last quarter. Prudential Financial Inc. acquired a new position in America’s Car-Mart in the 3rd quarter valued at $617,000. Finally, BlackRock Inc. raised its holdings in America’s Car-Mart by 5.5% in the 3rd quarter. BlackRock Inc. now owns 526,838 shares of the company’s stock valued at $41,200,000 after acquiring an additional 27,370 shares in the last quarter. Institutional investors and hedge funds own 72.21% 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 February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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Analyst Recommendations for America`s Car-Mart (NASDAQ:CRMT)

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