Stephens Reiterates Buy Rating for America’s Car-Mart (NASDAQ:CRMT)

America’s Car-Mart (NASDAQ:CRMT)‘s stock had its “buy” rating reiterated by research analysts at Stephens in a report issued on Thursday, TipRanks reports. They currently have a $154.00 target price on the stock. Stephens’ target price indicates a potential upside of 6.83% from the stock’s current price.

CRMT stock traded down $1.35 during midday trading on Thursday, hitting $144.16. The company’s stock had a trading volume of 1,327 shares, compared to its average volume of 40,472. America’s Car-Mart has a 52-week low of $53.50 and a 52-week high of $165.00. The firm has a market capitalization of $953.33 million, a P/E ratio of 15.88, a PEG ratio of 0.96 and a beta of 1.44. The firm has a 50-day simple moving average of $148.01 and a 200-day simple moving average of $116.95.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Monday, February 15th. The company reported $2.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.47. America’s Car-Mart had a net margin of 7.90% and a return on equity of 19.84%. The firm had revenue of $228.26 million for the quarter, compared to analyst estimates of $217.62 million. On average, research analysts expect that America’s Car-Mart will post 10.95 earnings per share for the current year.

In other America’s Car-Mart news, COO Leonard L. Walthall sold 1,500 shares of America’s Car-Mart stock in a transaction on Friday, February 19th. The shares were sold at an average price of $134.00, for a total value of $201,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 11.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in America’s Car-Mart by 3.4% in the fourth quarter. BlackRock Inc. now owns 1,024,689 shares of the company’s stock valued at $112,553,000 after purchasing an additional 33,813 shares during the period. Royce & Associates LP boosted its holdings in America’s Car-Mart by 2.0% during the fourth quarter. Royce & Associates LP now owns 340,862 shares of the company’s stock worth $37,440,000 after buying an additional 6,763 shares in the last quarter. Northern Trust Corp raised its position in shares of America’s Car-Mart by 2.1% in the fourth quarter. Northern Trust Corp now owns 142,682 shares of the company’s stock valued at $15,673,000 after buying an additional 2,869 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of America’s Car-Mart by 33.2% in the fourth quarter. Russell Investments Group Ltd. now owns 130,394 shares of the company’s stock valued at $14,321,000 after buying an additional 32,503 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of America’s Car-Mart by 44.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 52,885 shares of the company’s stock valued at $4,489,000 after buying an additional 16,360 shares during the last quarter. Institutional investors own 75.38% 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 December 17, 2020, it operated 151 dealerships in the South-Central United States. America's Car-Mart, Inc was founded in 1981 and is based in Rogers, Arkansas.

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