America’s Car-Mart (CRMT) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other research firms have also recently issued reports on CRMT. Bank of America boosted their target price on America’s Car-Mart from $74.00 to $94.00 and gave the company a buy rating in a research note on Thursday, September 6th. Stephens set a $84.00 price target on America’s Car-Mart and gave the company a hold rating in a report on Monday, August 20th. Janney Montgomery Scott upgraded America’s Car-Mart from a neutral rating to a buy rating and boosted their price target for the company from $61.00 to $96.00 in a report on Monday, August 20th. Jefferies Financial Group restated a hold rating and issued a $82.00 price target on shares of America’s Car-Mart in a report on Friday, August 17th. Finally, BidaskClub upgraded America’s Car-Mart from a hold rating to a buy rating in a report on Tuesday, August 21st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $90.80.

NASDAQ:CRMT opened at $70.61 on Friday. America’s Car-Mart has a 1 year low of $42.20 and a 1 year high of $89.85. The stock has a market capitalization of $478.45 million, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 0.64 and a beta of 1.05.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, November 15th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.48. America’s Car-Mart had a return on equity of 15.52% and a net margin of 7.06%. The firm had revenue of $167.17 million during the quarter, compared to analysts’ expectations of $166.46 million. Equities research analysts predict that America’s Car-Mart will post 5.69 EPS for the current year.

In other news, Director Ray C. Dillon purchased 1,000 shares of the business’s stock in a transaction dated Friday, September 21st. The shares were bought at an average cost of $80.45 per share, for a total transaction of $80,450.00. Following the completion of the acquisition, the director now directly owns 2,500 shares in the company, valued at approximately $201,125. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel J. Englander purchased 10,000 shares of the business’s stock in a transaction dated Friday, December 7th. The stock was purchased at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the completion of the acquisition, the director now owns 15,263 shares of the company’s stock, valued at $1,037,120.85. The disclosure for this purchase can be found here. Insiders own 10.00% of the company’s stock.

Several institutional investors have recently modified their holdings of CRMT. Morgan Stanley lifted its holdings in shares of America’s Car-Mart by 140.7% in the third quarter. Morgan Stanley now owns 197,013 shares of the company’s stock valued at $15,407,000 after purchasing an additional 115,168 shares in the last quarter. Matarin Capital Management LLC bought a new stake in shares of America’s Car-Mart in the third quarter valued at about $5,741,000. Acadian Asset Management LLC lifted its holdings in shares of America’s Car-Mart by 213.9% in the third quarter. Acadian Asset Management LLC now owns 76,335 shares of the company’s stock valued at $5,970,000 after purchasing an additional 52,019 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of America’s Car-Mart in the third quarter valued at about $3,969,000. Finally, Renaissance Technologies LLC raised its holdings in America’s Car-Mart by 128.8% during the second quarter. Renaissance Technologies LLC now owns 69,272 shares of the company’s stock worth $4,288,000 after acquiring an additional 39,000 shares in the last quarter. Institutional investors own 73.10% 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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