America’s Car-Mart (NASDAQ:CRMT) Stock Rating Lowered by ValuEngine

America’s Car-Mart (NASDAQ:CRMT) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday, ValuEngine reports.

A number of other research analysts have also recently issued reports on CRMT. Buckingham Research increased their target price on shares of America’s Car-Mart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Monday, August 19th. Zacks Investment Research cut shares of America’s Car-Mart from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, BidaskClub cut shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. America’s Car-Mart has an average rating of “Hold” and an average price target of $102.60.

NASDAQ CRMT opened at $87.66 on Thursday. The stock has a market capitalization of $584.69 million, a P/E ratio of 11.95, a P/E/G ratio of 1.52 and a beta of 0.84. America’s Car-Mart has a 52-week low of $66.26 and a 52-week high of $104.05. The firm has a 50-day moving average price of $89.53 and a 200 day moving average price of $89.54. The company has a quick ratio of 1.85, a current ratio of 2.03 and a debt-to-equity ratio of 0.13.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, August 15th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.54. The firm had revenue of $171.88 million during the quarter, compared to analysts’ expectations of $175.34 million. America’s Car-Mart had a net margin of 7.72% and a return on equity of 20.25%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 earnings per share. On average, equities research analysts expect that America’s Car-Mart will post 7.82 earnings per share for the current fiscal year.

In other America’s Car-Mart news, Director William H. Henderson sold 1,500 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $84.88, for a total value of $127,320.00. Following the completion of the transaction, the director now directly owns 115,830 shares of the company’s stock, valued at $9,831,650.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Leonard L. Walthall sold 1,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.00, for a total transaction of $90,000.00. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in America’s Car-Mart by 3.2% in the second quarter. BlackRock Inc. now owns 539,127 shares of the company’s stock valued at $46,409,000 after buying an additional 16,933 shares in the last quarter. Vanguard Group Inc. grew its position in shares of America’s Car-Mart by 1.6% in the second quarter. Vanguard Group Inc. now owns 321,244 shares of the company’s stock valued at $27,653,000 after purchasing an additional 4,958 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of America’s Car-Mart by 51.2% in the second quarter. Acadian Asset Management LLC now owns 141,118 shares of the company’s stock valued at $12,144,000 after purchasing an additional 47,782 shares during the last quarter. Marshall Wace LLP grew its position in shares of America’s Car-Mart by 159.6% in the second quarter. Marshall Wace LLP now owns 104,366 shares of the company’s stock valued at $8,984,000 after purchasing an additional 64,166 shares during the last quarter. Finally, Citadel Advisors LLC grew its position in shares of America’s Car-Mart by 64.2% in the second quarter. Citadel Advisors LLC now owns 100,380 shares of the company’s stock valued at $8,641,000 after purchasing an additional 39,231 shares during the last quarter. 76.93% of the stock is owned by institutional investors.

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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