Stock analysts at Stephens assumed coverage on shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) in a note issued to investors on Wednesday. The firm set an “equal weight” rating and a $42.00 price target on the stock. Stephens’ target price points to a potential upside of 13.82% from the stock’s current price.
Several other equities analysts have also weighed in on CRMT. Jefferies Group LLC restated a “hold” rating and set a $41.00 price target on shares of America’s Car-Mart in a research report on Friday, August 18th. Zacks Investment Research lowered shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $41.67.
America’s Car-Mart (CRMT) opened at 36.90 on Wednesday. The firm has a market cap of $278.26 million, a price-to-earnings ratio of 14.72 and a beta of 0.94. America’s Car-Mart has a 52-week low of $30.20 and a 52-week high of $47.75. The firm’s 50-day moving average is $38.11 and its 200-day moving average is $36.87.
America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, August 17th. The company reported $0.90 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.90. The company had revenue of $146.40 million during the quarter, compared to analyst estimates of $153.05 million. America’s Car-Mart had a net margin of 3.41% and a return on equity of 8.72%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. Analysts forecast that America’s Car-Mart will post $3.10 EPS for the current fiscal year.
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In related news, CEO William H. Henderson sold 6,250 shares of the stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $37.00, for a total transaction of $231,250.00. Following the completion of the transaction, the chief executive officer now owns 93,440 shares in the company, valued at $3,457,280. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Magnolia Capital Fund, Lp purchased 8,196 shares of America’s Car-Mart stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average price of $36.55 per share, with a total value of $299,563.80. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 76,896 shares of company stock valued at $2,830,571 and have sold 26,500 shares valued at $999,903. 11.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of CRMT. Tower Research Capital LLC TRC increased its stake in America’s Car-Mart by 3,157.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the company’s stock valued at $137,000 after buying an additional 3,410 shares during the period. American International Group Inc. increased its stake 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 valued at $177,000 after buying an additional 326 shares during the period. Voya Investment Management LLC acquired a new stake in America’s Car-Mart during the second quarter valued at approximately $206,000. The Manufacturers Life Insurance Company increased its stake in America’s Car-Mart by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 6,155 shares of the company’s stock valued at $240,000 after buying an additional 112 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in America’s Car-Mart during the first quarter valued at approximately $304,000. Institutional investors own 83.55% of the company’s stock.
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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