America’s Car-Mart (CRMT) Cut to Buy at BidaskClub

America’s Car-Mart (NASDAQ:CRMT) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other research firms have also issued reports on CRMT. Zacks Investment Research lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. ValuEngine upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research report on Tuesday, April 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $49.00.

America’s Car-Mart opened at $54.05 on Friday, Marketbeat reports. America’s Car-Mart has a 12-month low of $33.05 and a 12-month high of $56.80. The firm has a market capitalization of $381.21 million, a PE ratio of 21.20 and a beta of 0.86.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Monday, February 19th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 period last year, the company earned $0.35 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. research analysts anticipate that America’s Car-Mart will post 3.27 earnings per share for the current fiscal year.

In other America’s Car-Mart news, Director William H. Henderson sold 11,546 shares of America’s Car-Mart 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William H. Henderson sold 15,000 shares of America’s Car-Mart stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $49.34, for a total value of $740,100.00. Following the transaction, the director now owns 147,794 shares in the company, valued at $7,292,155.96. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock worth $1,484,327 over the last 90 days. 11.70% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of CRMT. Acadian Asset Management LLC bought a new position in America’s Car-Mart during the fourth quarter worth about $156,000. MetLife Investment Advisors LLC bought a new position in America’s Car-Mart during the fourth quarter worth about $160,000. Brandywine Global Investment Management LLC lifted its holdings in America’s Car-Mart by 27.0% during the fourth quarter. Brandywine Global Investment Management LLC now owns 5,262 shares of the company’s stock worth $235,000 after acquiring an additional 1,119 shares in the last quarter. Seizert Capital Partners LLC bought a new position in America’s Car-Mart during the first quarter worth about $245,000. Finally, Victory Capital Management Inc. bought a new position in America’s Car-Mart during the first quarter worth about $304,000. Hedge funds and other institutional investors own 82.66% 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 April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.

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