America’s Car-Mart (CRMT) Downgraded by BidaskClub

BidaskClub cut shares of America’s Car-Mart (NASDAQ:CRMT) from a strong-buy rating to a buy rating in a research report released on Wednesday.

Several other research firms also recently weighed in on CRMT. Zacks Investment Research downgraded America’s Car-Mart from a buy rating to a hold rating in a research note on Tuesday, May 1st. ValuEngine downgraded America’s Car-Mart from a buy rating to a hold rating in a research note on Wednesday, April 11th. Finally, Janney Montgomery Scott raised their price objective on America’s Car-Mart from $53.00 to $61.00 and gave the company a hold rating in a research note on Wednesday, May 23rd. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. America’s Car-Mart currently has an average rating of Buy and an average target price of $57.75.

NASDAQ CRMT opened at $61.90 on Wednesday. America’s Car-Mart has a 1-year low of $33.05 and a 1-year high of $68.20. The company has a market capitalization of $441.11 million, a P/E ratio of 21.06 and a beta of 0.91.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Monday, May 21st. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.45. America’s Car-Mart had a return on equity of 11.86% and a net margin of 5.97%. The firm had revenue of $169.45 million during the quarter, compared to the consensus estimate of $158.22 million. equities analysts predict that America’s Car-Mart will post 4.59 earnings per share for the current fiscal year.

In other America’s Car-Mart news, CFO Vickie D. Judy sold 2,500 shares of the firm’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $66.17, for a total transaction of $165,425.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Magnolia Capital Fund, Lp sold 45,729 shares of the firm’s stock in a transaction on Wednesday, June 27th. The stock was sold at an average price of $64.17, for a total value of $2,934,429.93. The disclosure for this sale can be found here. Insiders have sold 150,109 shares of company stock valued at $9,373,848 in the last three months. 11.70% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in CRMT. Goldman Sachs Group Inc. grew its position in shares of America’s Car-Mart by 54.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 72,628 shares of the company’s stock valued at $3,242,000 after purchasing an additional 25,656 shares during the period. Intrinsic Edge Capital Management LLC grew its position in shares of America’s Car-Mart by 45.9% in the first quarter. Intrinsic Edge Capital Management LLC now owns 65,199 shares of the company’s stock valued at $3,289,000 after purchasing an additional 20,499 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of America’s Car-Mart in the fourth quarter valued at $691,000. Stone Ridge Asset Management LLC purchased a new stake in shares of America’s Car-Mart in the fourth quarter valued at $658,000. Finally, BlackRock Inc. grew its position in shares of America’s Car-Mart by 2.1% in the fourth quarter. BlackRock Inc. now owns 512,864 shares of the company’s stock valued at $22,900,000 after purchasing an additional 10,680 shares during the period. 74.67% of the stock is owned by institutional investors and hedge funds.

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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