America’s Car-Mart (CRMT) Stock Rating Lowered by Zacks Investment Research

America’s Car-Mart (NASDAQ:CRMT) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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. “

CRMT has been the topic of a number of other reports. Bank of America upped their price target on shares of America’s Car-Mart from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th. ValuEngine downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. TheStreet raised shares of America’s Car-Mart from a “c+” rating to a “b” rating in a research note on Wednesday, August 15th. BidaskClub raised shares of America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 21st. Finally, Stephens set a $84.00 price target on shares of America’s Car-Mart and gave the stock a “hold” rating in a research note on Monday, August 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $86.20.

NASDAQ CRMT opened at $76.52 on Tuesday. America’s Car-Mart has a 1-year low of $40.60 and a 1-year high of $89.85. The firm has a market capitalization of $532.56 million, a PE ratio of 17.79, a P/E/G ratio of 0.74 and a beta of 1.01.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, August 16th. The company reported $1.53 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $164.02 million for the quarter, compared to the consensus estimate of $161.39 million. Research analysts predict that America’s Car-Mart will post 5.34 EPS for the current fiscal year.

In other America’s Car-Mart news, Director Ray C. Dillon acquired 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was purchased at an average cost of $83.41 per share, for a total transaction of $62,557.50. Following the completion of the acquisition, the director now owns 1,500 shares of the company’s stock, valued at approximately $125,115. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray C. Dillon acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The stock was acquired at an average price of $80.45 per share, with a total value of $80,450.00. Following the completion of the acquisition, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $201,125. The disclosure for this purchase can be found here. Corporate insiders own 10.00% of the company’s stock.

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in America’s Car-Mart during the second quarter valued at about $207,000. Jane Street Group LLC bought a new stake in America’s Car-Mart during the second quarter valued at about $235,000. Tower Research Capital LLC TRC bought a new stake in America’s Car-Mart during the second quarter valued at about $272,000. Spark Investment Management LLC bought a new stake in America’s Car-Mart during the second quarter valued at about $297,000. Finally, Cubist Systematic Strategies LLC bought a new stake in America’s Car-Mart during the second quarter valued at about $316,000. Hedge funds and other institutional investors own 70.45% 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 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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