America’s Car-Mart, Inc. (NASDAQ:CRMT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The firm currently has a $42.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 10.82% from the company’s previous close.

According to Zacks, “America’s Car-Mart operates automotive dealerships and is one of the largest automotive retailers in the United States focused exclusively on the Buy Here/Pay Here segment of the used car market. The Company operates its dealerships primarily in small cities and rural locations throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. “

Separately, Jefferies Group LLC boosted their price objective on America’s Car-Mart from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Thursday, May 25th.

America’s Car-Mart (NASDAQ:CRMT) opened at 37.90 on Thursday. America’s Car-Mart has a 12 month low of $24.83 and a 12 month high of $47.75. The stock has a 50 day moving average of $36.82 and a 200 day moving average of $38.90. The company has a market capitalization of $288.34 million, a price-to-earnings ratio of 15.22 and a beta of 0.88.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Monday, May 22nd. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. America’s Car-Mart had a return on equity of 8.82% and a net margin of 3.43%. The business had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $158.24 million. During the same period in the previous year, the business posted $0.40 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities analysts anticipate that America’s Car-Mart will post $3.13 EPS for the current fiscal year.

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In related news, CEO William H. Henderson sold 1,608 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $38.09, for a total value of $61,248.72. Following the sale, the chief executive officer now directly owns 89,298 shares in the company, valued at approximately $3,401,360.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Magnolia Capital Fund, Lp acquired 24,607 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average price of $35.75 per share, for a total transaction of $879,700.25. The disclosure for this purchase can be found here. Insiders own 11.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Horrell Capital Management Inc. raised its position in America’s Car-Mart by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $994,000 after buying an additional 100 shares during the last quarter. American International Group Inc. raised its position in America’s Car-Mart by 7.2% in the first quarter. American International Group Inc. now owns 4,864 shares of the company’s stock worth $177,000 after buying an additional 326 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in America’s Car-Mart by 4.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 32,797 shares of the company’s stock worth $1,196,000 after buying an additional 1,368 shares during the last quarter. Teachers Advisors LLC raised its position in America’s Car-Mart by 15.3% in the first quarter. Teachers Advisors LLC now owns 14,719 shares of the company’s stock worth $537,000 after buying an additional 1,958 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in America’s Car-Mart by 5.4% in the first quarter. Geode Capital Management LLC now owns 61,593 shares of the company’s stock worth $2,245,000 after buying an additional 3,130 shares during the last quarter. 83.41% of the stock is owned by institutional investors and hedge funds.

America’s Car-Mart Company Profile

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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