America’s Car-Mart (NASDAQ:CRMT) Price Target Raised to $111.00

America’s Car-Mart (NASDAQ:CRMT) had its target price boosted by Buckingham Research from $105.00 to $111.00 in a research report sent to investors on Monday morning, AnalystRatings.com reports. The brokerage currently has a buy rating on the stock.

CRMT has been the subject of a number of other research reports. Zacks Investment Research cut America’s Car-Mart from a buy rating to a hold rating in a report on Thursday, June 6th. ValuEngine upgraded America’s Car-Mart from a sell rating to a hold rating in a report on Saturday, August 10th. Finally, BidaskClub upgraded America’s Car-Mart from a sell rating to a hold rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $100.80.

NASDAQ CRMT opened at $88.19 on Monday. The stock has a market cap of $614.90 million, a PE ratio of 13.67, a P/E/G ratio of 0.65 and a beta of 0.92. America’s Car-Mart has a fifty-two week low of $66.26 and a fifty-two week high of $104.05. The business has a 50 day moving average price of $87.79 and a two-hundred day moving average price of $87.89.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Thursday, August 15th. The company reported $2.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.54. The firm had revenue of $171.88 million during the quarter, compared to analysts’ expectations of $175.34 million. America’s Car-Mart had a return on equity of 20.72% and a net margin of 7.72%. America’s Car-Mart’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 EPS. Equities analysts anticipate that America’s Car-Mart will post 7.34 EPS for the current fiscal year.

In other news, Director William H. Henderson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $86.08, for a total transaction of $344,320.00. Following the completion of the transaction, the director now directly owns 122,830 shares in the company, valued at approximately $10,573,206.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William H. Henderson sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $89.78, for a total value of $134,670.00. Following the transaction, the director now owns 117,330 shares of the company’s stock, valued at $10,533,887.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,500 shares of company stock valued at $1,078,285. Company insiders own 10.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of America’s Car-Mart by 3.2% during the 2nd quarter. BlackRock Inc. now owns 539,127 shares of the company’s stock valued at $46,409,000 after buying an additional 16,933 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of America’s Car-Mart by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 321,244 shares of the company’s stock valued at $27,653,000 after buying an additional 4,958 shares during the last quarter. WCM Investment Management LLC boosted its stake in shares of America’s Car-Mart by 66.2% during the 1st quarter. WCM Investment Management LLC now owns 304,215 shares of the company’s stock valued at $27,787,000 after buying an additional 121,123 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of America’s Car-Mart by 51.2% during the 2nd quarter. Acadian Asset Management LLC now owns 141,118 shares of the company’s stock valued at $12,144,000 after buying an additional 47,782 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in America’s Car-Mart by 159.6% during the second quarter. Marshall Wace LLP now owns 104,366 shares of the company’s stock worth $8,984,000 after purchasing an additional 64,166 shares during the last quarter. Institutional investors own 73.60% 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 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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