America’s Car-Mart (CRMT) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

A number of other brokerages also recently commented on CRMT. Bank of America raised their price objective on America’s Car-Mart from $74.00 to $94.00 and gave the stock a buy rating in a research report on Thursday, September 6th. Stephens set a $84.00 price objective on America’s Car-Mart and gave the stock a hold rating in a research report on Monday, August 20th. Janney Montgomery Scott upgraded America’s Car-Mart from a neutral rating to a buy rating and raised their price objective for the stock from $61.00 to $96.00 in a research report on Monday, August 20th. Jefferies Financial Group reiterated a hold rating and issued a $82.00 price objective on shares of America’s Car-Mart in a research report on Friday, August 17th. Finally, ValuEngine downgraded America’s Car-Mart from a buy rating to a hold rating in a research report on Tuesday, October 2nd. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. America’s Car-Mart presently has a consensus rating of Buy and an average price target of $86.20.

CRMT opened at $71.58 on Tuesday. The company has a market capitalization of $538.28 million, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.02. America’s Car-Mart has a 12-month low of $40.15 and a 12-month high of $89.85.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Thursday, August 16th. The company reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.38. America’s Car-Mart had a return on equity of 13.52% and a net margin of 6.41%. The company had revenue of $164.02 million during the quarter, compared to the consensus estimate of $161.39 million. Equities research analysts forecast that America’s Car-Mart will post 5.34 earnings per share for the current fiscal year.

In other news, Director Ray C. Dillon acquired 1,000 shares of America’s Car-Mart stock in a transaction on Friday, September 21st. The stock was bought at an average price of $80.45 per share, for a total transaction of $80,450.00. Following the transaction, the director now owns 2,500 shares of the company’s stock, valued at $201,125. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ray C. Dillon acquired 750 shares of America’s Car-Mart stock in a transaction on Tuesday, September 4th. The stock was purchased at an average price of $83.41 per share, with a total value of $62,557.50. Following the transaction, the director now directly owns 1,500 shares in the company, valued at approximately $125,115. The disclosure for this purchase can be found here. Insiders sold a total of 97,261 shares of company stock valued at $6,311,731 in the last quarter. Corporate insiders own 10.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of CRMT. Russell Investments Group Ltd. bought a new position in shares of America’s Car-Mart during the 2nd quarter worth approximately $207,000. Jane Street Group LLC bought a new position in shares of America’s Car-Mart during the 2nd quarter worth approximately $235,000. Tower Research Capital LLC TRC bought a new position in shares of America’s Car-Mart during the 2nd quarter worth approximately $272,000. Spark Investment Management LLC bought a new position in shares of America’s Car-Mart during the 2nd quarter worth approximately $297,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of America’s Car-Mart during the 2nd quarter worth approximately $316,000. Institutional investors and hedge funds own 71.09% 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 June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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