America's Car-Mart (NASDAQ:CRMT) received a $50.00 price objective from investment analysts at Stephens in a research note issued to investors on Wednesday, January 3rd. The firm currently has a “hold” rating on the stock. Stephens’ price target points to a potential upside of 5.49% from the stock’s current price.
Several other research analysts have also recently issued reports on CRMT. Zacks Investment Research cut America's Car-Mart from a “hold” rating to a “strong sell” rating in a research report on Monday, October 23rd. ValuEngine raised America's Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Jefferies Group boosted their target price on America's Car-Mart from $41.00 to $45.00 and gave the company a “hold” rating in a report on Monday, November 20th. Finally, BidaskClub downgraded America's Car-Mart from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $47.50.
America's Car-Mart (NASDAQ:CRMT) traded up $2.05 during trading hours on Wednesday, reaching $47.40. The company’s stock had a trading volume of 153,176 shares, compared to its average volume of 57,609. America's Car-Mart has a 12 month low of $30.20 and a 12 month high of $49.40. The stock has a market capitalization of $324.26, a P/E ratio of 17.62 and a beta of 0.95.
America's Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Thursday, November 16th. The company reported $0.79 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.79. America's Car-Mart had a return on equity of 9.18% and a net margin of 3.58%. The business had revenue of $149.12 million during the quarter, compared to analysts’ expectations of $149.63 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The company’s revenue was down .7% on a year-over-year basis. research analysts anticipate that America's Car-Mart will post 3.01 earnings per share for the current fiscal year.
America's Car-Mart announced that its board has approved a stock buyback plan on Thursday, November 16th that authorizes the company to buyback 1,000,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Robert Cameron Smith sold 2,600 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.44, for a total transaction of $125,944.00. Following the completion of the transaction, the director now directly owns 3,550 shares of the company’s stock, valued at approximately $171,962. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 11.70% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CRMT. Schwab Charles Investment Management Inc. grew its holdings in shares of America's Car-Mart by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 32,949 shares of the company’s stock worth $1,282,000 after acquiring an additional 152 shares during the period. Federated Investors Inc. PA grew its holdings in America's Car-Mart by 5.0% during the 2nd quarter. Federated Investors Inc. PA now owns 49,690 shares of the company’s stock valued at $1,933,000 after buying an additional 2,372 shares during the last quarter. Kennedy Capital Management Inc. grew its holdings in America's Car-Mart by 21.3% during the 2nd quarter. Kennedy Capital Management Inc. now owns 292,843 shares of the company’s stock valued at $11,392,000 after buying an additional 51,481 shares during the last quarter. Magnolia Group LLC grew its holdings in America's Car-Mart by 84.1% during the 2nd quarter. Magnolia Group LLC now owns 826,885 shares of the company’s stock valued at $32,166,000 after buying an additional 377,841 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in America's Car-Mart by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock valued at $13,549,000 after buying an additional 20,317 shares during the last quarter. Institutional investors and hedge funds own 84.08% of the company’s stock.
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America's Car-Mart Company Profile
America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).
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