America’s Car-Mart (CRMT) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a hold rating to a buy rating in a research report report published on Friday.

A number of other research analysts have also weighed in on CRMT. TheStreet raised shares of America’s Car-Mart from a c+ rating to a b rating in a report on Wednesday, August 15th. Jefferies Financial Group restated a hold rating and issued a $82.00 price target on shares of America’s Car-Mart in a research report on Friday, August 17th. Janney Montgomery Scott upgraded America’s Car-Mart from a neutral rating to a buy rating and raised their price target for the stock from $61.00 to $96.00 in a research report on Monday, August 20th. Stephens set a $84.00 price target on America’s Car-Mart and gave the stock a hold rating in a research report on Monday, August 20th. Finally, BidaskClub upgraded America’s Car-Mart from a hold rating to a buy rating in a research report on Tuesday, August 21st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $86.20.

CRMT stock opened at $83.46 on Friday. America’s Car-Mart has a fifty-two week low of $42.20 and a fifty-two week high of $89.85. The firm has a market capitalization of $578.06 million, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 0.81 and a beta of 1.01.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, November 15th. The company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.48. America’s Car-Mart had a net margin of 7.06% and a return on equity of 15.68%. The firm had revenue of $167.17 million during the quarter, compared to analyst estimates of $166.46 million. As a group, research analysts predict that America’s Car-Mart will post 5.34 EPS for the current year.

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

Several large investors have recently added to or reduced their stakes in CRMT. Jefferies Group LLC bought a new stake in shares of America’s Car-Mart during the third quarter worth $202,000. Russell Investments Group Ltd. bought a new stake in shares of America’s Car-Mart during the second quarter worth $207,000. Jane Street Group LLC bought a new stake in shares of America’s Car-Mart during the second quarter worth $235,000. Tower Research Capital LLC TRC bought a new stake in shares of America’s Car-Mart during the second quarter worth $272,000. Finally, Spark Investment Management LLC bought a new stake in shares of America’s Car-Mart during the second quarter worth $297,000. Institutional investors and hedge funds own 69.42% 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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