Janney Montgomery Scott cut shares of America’s Car-Mart (NASDAQ:CRMT) from a buy rating to a neutral rating in a report issued on Thursday morning, Briefing.com Automated Import reports.

A number of other brokerages also recently commented on CRMT. BidaskClub downgraded shares of America’s Car-Mart from a buy rating to a hold rating in a research note on Tuesday. ValuEngine upgraded shares of America’s Car-Mart from a strong sell rating to a sell rating in a research note on Monday. Finally, Zacks Investment Research upped their target price on shares of America’s Car-Mart to $113.25 in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $108.31.

Shares of America’s Car-Mart stock traded down $2.89 during trading hours on Thursday, reaching $117.97. The company’s stock had a trading volume of 169,246 shares, compared to its average volume of 118,450. The firm has a 50 day moving average price of $110.03 and a 200-day moving average price of $97.56. America’s Car-Mart has a one year low of $79.95 and a one year high of $121.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.97 and a quick ratio of 1.79. The stock has a market cap of $772.76 million, a P/E ratio of 15.07, a P/E/G ratio of 1.96 and a beta of 0.89.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Monday, November 18th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.15. The firm had revenue of $190.00 million for the quarter, compared to the consensus estimate of $173.47 million. America’s Car-Mart had a net margin of 7.84% and a return on equity of 20.59%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 EPS. As a group, sell-side analysts forecast that America’s Car-Mart will post 8.12 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in CRMT. Great West Life Assurance Co. Can purchased a new stake in America’s Car-Mart during the fourth quarter valued at approximately $35,000. Tower Research Capital LLC TRC raised its stake in America’s Car-Mart by 713.5% during the third quarter. Tower Research Capital LLC TRC now owns 724 shares of the company’s stock worth $66,000 after purchasing an additional 635 shares during the period. Cutler Group LP increased its position in shares of America’s Car-Mart by 23.8% during the third quarter. Cutler Group LP now owns 990 shares of the company’s stock valued at $90,000 after acquiring an additional 190 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of America’s Car-Mart during the third quarter valued at about $91,000. Finally, Bailard Inc. acquired a new stake in shares of America’s Car-Mart during the fourth quarter valued at about $208,000. 77.23% of the stock is owned by hedge funds and other 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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