BidaskClub upgraded shares of America's Car-Mart (NASDAQ:CRMT) from a hold rating to a buy rating in a report issued on Friday morning.
Several other equities analysts also recently commented on CRMT. Zacks Investment Research downgraded shares of America's Car-Mart from a hold rating to a strong sell rating in a research note on Monday, October 23rd. ValuEngine upgraded shares of America's Car-Mart from a hold rating to a buy rating in a research note on Friday, November 17th. Jefferies Group boosted their price target on shares of America's Car-Mart from $41.00 to $45.00 and gave the stock a hold rating in a research note on Monday, November 20th. Finally, Stephens set a $50.00 price target on shares of America's Car-Mart and gave the stock a hold rating in a research note on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $49.00.
America's Car-Mart (NASDAQ:CRMT) opened at $45.10 on Friday. The company has a market cap of $323.54, a price-to-earnings ratio of 16.76 and a beta of 0.99. America's Car-Mart has a 12 month low of $30.20 and a 12 month high of $49.40.
America's Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, November 16th. The company reported $0.79 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. The business had revenue of $149.12 million during the quarter, compared to the consensus estimate of $149.63 million. America's Car-Mart had a net margin of 3.58% and a return on equity of 9.18%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. research analysts forecast that America's Car-Mart will post 3.13 earnings per share for the current fiscal year.
America's Car-Mart announced that its board has initiated a stock buyback program on Thursday, November 16th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
In other news, Director Robert Cameron Smith sold 2,600 shares of America's Car-Mart stock in a transaction on Monday, November 20th. The shares were sold at an average price of $48.44, for a total transaction of $125,944.00. Following the completion of the sale, the director now directly owns 3,550 shares of the company’s stock, valued at approximately $171,962. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.70% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of America's Car-Mart during the 4th quarter worth $156,000. Voya Investment Management LLC purchased a new stake in shares of America's Car-Mart during the 2nd quarter worth $206,000. Smith Moore & CO. purchased a new stake in shares of America's Car-Mart during the 3rd quarter worth $206,000. The Manufacturers Life Insurance Company lifted its position in shares of America's Car-Mart by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,155 shares of the company’s stock worth $240,000 after purchasing an additional 112 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of America's Car-Mart during the 3rd quarter worth $287,000. 87.48% of the stock is owned by institutional investors and hedge funds.
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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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