Janney Montgomery Scott downgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a buy rating to a neutral rating in a report released on Thursday morning, Briefing.com Automated Import reports.
Several other research firms also recently commented on CRMT. Zacks Investment Research upped their price target on shares of America’s Car-Mart to $113.25 in a research report on Friday, December 20th. BidaskClub downgraded shares of America’s Car-Mart from a buy rating to a hold rating in a research report on Tuesday. Finally, ValuEngine upgraded shares of America’s Car-Mart from a strong sell rating to a sell rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $108.31.
CRMT stock traded down $2.89 on Thursday, hitting $117.97. The company’s stock had a trading volume of 169,246 shares, compared to its average volume of 118,450. The firm has a 50 day moving average of $110.03 and a two-hundred day moving average of $97.56. America’s Car-Mart has a 1 year low of $79.95 and a 1 year high of $121.88. The stock has a market cap of $772.76 million, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.96 and a beta of 0.89. The company has a current ratio of 1.97, a quick ratio of 1.79 and a debt-to-equity ratio of 0.14.
America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Monday, November 18th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.85 by $0.15. America’s Car-Mart had a net margin of 7.84% and a return on equity of 20.59%. The firm had revenue of $190.00 million during the quarter, compared to the consensus estimate of $173.47 million. During the same quarter in the prior year, the firm earned $1.58 EPS. America’s Car-Mart’s revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities analysts forecast that America’s Car-Mart will post 8.12 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in CRMT. Great West Life Assurance Co. Can purchased a new position in America’s Car-Mart in the 4th quarter valued at about $35,000. Tower Research Capital LLC TRC lifted its holdings in America’s Car-Mart by 713.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 724 shares of the company’s stock valued at $66,000 after purchasing an additional 635 shares in the last quarter. Cutler Group LP lifted its holdings in America’s Car-Mart by 23.8% in the 3rd quarter. Cutler Group LP now owns 990 shares of the company’s stock valued at $90,000 after purchasing an additional 190 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in America’s Car-Mart in the 3rd quarter valued at about $91,000. Finally, Bailard Inc. purchased a new position in America’s Car-Mart in the 4th quarter valued at about $208,000. 77.23% of the stock is currently owned by institutional investors.
About America’s Car-Mart
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 February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.
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