America’s Car-Mart, Inc. (CRMT) Receives Average Recommendation of “Buy” from Analysts

Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) have received an average rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $86.20.

Several equities analysts have weighed in on the stock. BidaskClub upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Tuesday, August 21st. Bank of America lifted their price objective on shares of America’s Car-Mart from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Janney Montgomery Scott upgraded shares of America’s Car-Mart from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $61.00 to $96.00 in a research report on Monday, August 20th. Stephens set a $84.00 price objective on shares of America’s Car-Mart and gave the stock a “hold” rating in a research report on Monday, August 20th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $82.00 price objective on shares of America’s Car-Mart in a research report on Friday, August 17th.

NASDAQ CRMT traded up $0.82 on Friday, hitting $72.51. 35,873 shares of the stock were exchanged, compared to its average volume of 60,107. America’s Car-Mart has a 52-week low of $40.15 and a 52-week high of $89.85. The stock has a market cap of $493.46 million, a price-to-earnings ratio of 20.14, a PEG ratio of 0.69 and a beta of 1.02.



America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Thursday, August 16th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.38. America’s Car-Mart had a net margin of 6.41% and a return on equity of 13.52%. The firm had revenue of $164.02 million for the quarter, compared to analysts’ expectations of $161.39 million. On average, equities research analysts expect that America’s Car-Mart will post 5.34 earnings per share for the current fiscal year.

In related news, Director Ray C. Dillon bought 1,000 shares of the firm’s stock in a transaction on Friday, September 21st. The stock was bought at an average price of $80.45 per share, with a total value of $80,450.00. Following the purchase, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $201,125. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Cameron Smith sold 3,550 shares of America’s Car-Mart stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $85.15, for a total transaction of $302,282.50. Following the sale, the director now directly owns 133,779 shares of the company’s stock, valued at approximately $11,391,281.85. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.

Large investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in shares of America’s Car-Mart during the 2nd quarter valued at $990,000. Tower Research Capital LLC TRC acquired a new stake in shares of America’s Car-Mart during the 2nd quarter valued at $272,000. Summit Global Investments acquired a new stake in shares of America’s Car-Mart during the 2nd quarter valued at $631,000. Schwab Charles Investment Management Inc. boosted its stake in shares of America’s Car-Mart by 12.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,003 shares of the company’s stock valued at $2,477,000 after buying an additional 4,466 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of America’s Car-Mart during the 2nd quarter valued at $340,000. 70.74% of the stock is owned by institutional investors.

America’s Car-Mart Company Profile

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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