Jefferies Group reissued their hold rating on shares of America’s Car-Mart Inc. (NASDAQ:CRMT) in a report released on Wednesday. The firm currently has a $40.00 price objective on the stock, up from their prior price objective of $37.00.

Several other research analysts also recently commented on the stock. Bank of America Corp. raised shares of America’s Car-Mart from an underperform rating to a buy rating in a report on Wednesday, October 19th. Zacks Investment Research raised shares of America’s Car-Mart from a sell rating to a buy rating and set a $46.00 price target for the company in a report on Thursday, October 20th. Finally, Janney Montgomery Scott reissued a hold rating on shares of America’s Car-Mart in a report on Thursday, September 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $34.00.

Analyst Recommendations for America`s Car-Mart (NASDAQ:CRMT)

Shares of America’s Car-Mart (NASDAQ:CRMT) opened at 43.30 on Wednesday. America’s Car-Mart has a 12-month low of $19.49 and a 12-month high of $44.00. The company has a 50-day moving average price of $39.52 and a 200-day moving average price of $33.46. The firm has a market capitalization of $339.30 million, a P/E ratio of 18.44 and a beta of 1.01.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Thursday, November 17th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.12. America’s Car-Mart had a net margin of 3.33% and a return on equity of 8.55%. The firm earned $150.21 million during the quarter, compared to the consensus estimate of $134.72 million. During the same period last year, the firm earned ($0.06) EPS. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities analysts predict that America’s Car-Mart will post $2.73 EPS for the current year.

In related news, CEO William H. Henderson sold 12,986 shares of America’s Car-Mart stock in a transaction on Monday, November 21st. The shares were sold at an average price of $42.70, for a total value of $554,502.20. Following the transaction, the chief executive officer now owns 82,470 shares in the company, valued at approximately $3,521,469. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William H. Henderson sold 4,024 shares of America’s Car-Mart stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $37.00, for a total transaction of $148,888.00. Following the completion of the transaction, the chief executive officer now owns 77,718 shares in the company, valued at approximately $2,875,566. The disclosure for this sale can be found here. 14.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of CRMT. Schwab Charles Investment Management Inc. boosted its position in shares of America’s Car-Mart by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 29,109 shares of the company’s stock worth $823,000 after buying an additional 336 shares during the last quarter. Numeric Investors LLC purchased a new position in America’s Car-Mart during the second quarter worth about $2,398,000. Harber Asset Management LLC purchased a new position in America’s Car-Mart during the second quarter worth about $633,000. Parametric Portfolio Associates LLC boosted its position in America’s Car-Mart by 7.6% in the second quarter. Parametric Portfolio Associates LLC now owns 37,810 shares of the company’s stock worth $1,068,000 after buying an additional 2,660 shares during the last quarter. Finally, Counsel Portfolio Services Inc. boosted its position in America’s Car-Mart by 32.1% in the second quarter. Counsel Portfolio Services Inc. now owns 61,658 shares of the company’s stock worth $1,741,000 after buying an additional 15,000 shares during the last quarter. Institutional investors own 89.57% of the company’s stock.

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About America’s Car-Mart

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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