America’s Car-Mart (NASDAQ:CRMT) had its price objective lifted by Buckingham Research from $105.00 to $111.00 in a report released on Monday morning, AnalystRatings.com reports. They currently have a buy rating on the stock.

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

Shares of CRMT stock opened at $87.55 on Monday. The firm has a market cap of $593.58 million, a price-to-earnings ratio of 12.08, a P/E/G ratio of 0.59 and a beta of 0.92. America’s Car-Mart has a 52 week low of $66.26 and a 52 week high of $104.05. The firm’s 50-day simple moving average is $87.81 and its two-hundred day simple moving average is $87.98.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Thursday, August 15th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.67 by $0.54. The business had revenue of $171.88 million for the quarter, compared to analyst estimates of $175.34 million. America’s Car-Mart had a net margin of 7.72% and a return on equity of 20.72%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 earnings per share. As a group, analysts expect that America’s Car-Mart will post 7.68 earnings per share for the current year.

In other news, Director William H. Henderson sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $86.11, for a total value of $129,165.00. Following the sale, the director now owns 112,515 shares of the company’s stock, valued at $9,688,666.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William H. Henderson sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $85.50, for a total transaction of $342,000.00. Following the completion of the sale, the director now directly owns 122,830 shares in the company, valued at approximately $10,501,965. The disclosure for this sale can be found here. In the last three months, insiders sold 12,500 shares of company stock worth $1,078,285. Insiders own 10.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CRMT. Voloridge Investment Management LLC purchased a new stake in shares of America’s Car-Mart in the 2nd quarter valued at $311,000. Voce Capital Management LLC boosted its stake in shares of America’s Car-Mart by 69.3% in the 2nd quarter. Voce Capital Management LLC now owns 47,878 shares of the company’s stock valued at $4,121,000 after purchasing an additional 19,600 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of America’s Car-Mart in the 2nd quarter valued at $2,281,000. Citadel Advisors LLC boosted its stake in shares of America’s Car-Mart by 64.2% in the 2nd quarter. Citadel Advisors LLC now owns 100,380 shares of the company’s stock valued at $8,641,000 after purchasing an additional 39,231 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of America’s Car-Mart in the 2nd quarter valued at $715,000. 73.60% of the stock is currently owned by institutional investors.

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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