News stories about America’s Car-Mart (NASDAQ:CRMT) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. America’s Car-Mart earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.2342512041411 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several brokerages have recently issued reports on CRMT. BidaskClub upgraded America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 27th. Zacks Investment Research upgraded America’s Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, January 17th. ValuEngine upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Finally, Stephens set a $50.00 price objective on America’s Car-Mart and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. America’s Car-Mart has an average rating of “Buy” and a consensus price target of $49.00.
Shares of NASDAQ CRMT opened at $50.30 on Friday. America’s Car-Mart has a fifty-two week low of $33.05 and a fifty-two week high of $52.45. The stock has a market cap of $348.01, a PE ratio of 19.73 and a beta of 0.86.
America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Monday, February 19th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. America’s Car-Mart had a return on equity of 9.91% and a net margin of 5.30%. The business had revenue of $147.20 million for the quarter, compared to analyst estimates of $136.55 million. During the same quarter last year, the company earned $0.35 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. research analysts forecast that America’s Car-Mart will post 3.27 earnings per share for the current fiscal year.
In other news, Director William H. Henderson sold 11,546 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $49.50, for a total transaction of $571,527.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William H. Henderson sold 3,454 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $50.00, for a total value of $172,700.00. Following the sale, the director now directly owns 137,190 shares in the company, valued at approximately $6,859,500. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock worth $1,484,327 in the last three months. Corporate insiders own 11.70% of the company’s stock.
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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 April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.
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