America’s Car-Mart (NASDAQ:CRMT) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $112.00 target price 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. “

Several other research analysts also recently commented on CRMT. Buckingham Research lifted their target price on shares of America’s Car-Mart from $105.00 to $111.00 and gave the stock a buy rating in a report on Monday, August 19th. BidaskClub downgraded shares of America’s Car-Mart from a hold rating to a sell rating in a report on Wednesday, November 13th. Finally, ValuEngine upgraded shares of America’s Car-Mart from a sell rating to a hold rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $108.00.

CRMT traded up $2.37 during trading on Thursday, hitting $101.37. The stock had a trading volume of 8,749 shares, compared to its average volume of 90,107. The firm has a market cap of $665.60 million, a PE ratio of 15.72, a P/E/G ratio of 1.69 and a beta of 0.84. America’s Car-Mart has a 12 month low of $66.26 and a 12 month high of $104.05. The company has a current ratio of 2.03, a quick ratio of 1.85 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $89.80 and a 200-day simple moving average of $89.33.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Monday, November 18th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.85 by $0.15. The firm had revenue of $190.00 million for the quarter, compared to the consensus estimate of $173.47 million. America’s Car-Mart had a net margin of 7.84% and a return on equity of 20.95%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 EPS. As a group, sell-side analysts anticipate that America’s Car-Mart will post 7.89 earnings per share for the current fiscal year.

In other news, Director William H. Henderson sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $84.88, for a total transaction of $127,320.00. Following the transaction, the director now owns 115,830 shares in the company, valued at approximately $9,831,650.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Leonard L. Walthall sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was 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. Insiders own 10.00% of the company’s stock.

Large investors have recently bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in America’s Car-Mart in the second quarter valued at about $43,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in America’s Car-Mart by 47.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 523 shares of the company’s stock valued at $45,000 after acquiring an additional 169 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in America’s Car-Mart in the second quarter valued at about $56,000. Tower Research Capital LLC TRC increased its stake in America’s Car-Mart by 713.5% in the third quarter. Tower Research Capital LLC TRC now owns 724 shares of the company’s stock valued at $66,000 after acquiring an additional 635 shares during the period. Finally, Cutler Group LP increased its stake in America’s Car-Mart by 23.8% in the third quarter. Cutler Group LP now owns 990 shares of the company’s stock valued at $90,000 after acquiring an additional 190 shares during the period. Institutional investors own 78.36% of the company’s stock.

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 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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