America’s Car-Mart Inc. (NASDAQ:CRMT) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the firm. Six research analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is $29.00.
CRMT has been the subject of a number of research reports. Zacks Investment Research raised shares of America’s Car-Mart from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 26th. Jefferies Group lifted their price objective on shares of America’s Car-Mart from $22.00 to $37.00 and gave the stock a “hold” rating in a report on Monday, August 22nd. Finally, Janney Montgomery Scott reaffirmed a “hold” rating on shares of America’s Car-Mart in a report on Thursday, September 22nd.
America’s Car-Mart (NASDAQ:CRMT) opened at 35.59 on Monday. America’s Car-Mart has a 1-year low of $19.49 and a 1-year high of $43.07. The stock’s 50 day moving average is $37.47 and its 200-day moving average is $29.58. The firm has a market capitalization of $278.88 million, a PE ratio of 21.54 and a beta of 1.08.
America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Thursday, August 18th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.41. America’s Car-Mart had a net margin of 2.47% and a return on equity of 7.45%. The business earned $145.80 million during the quarter, compared to the consensus estimate of $154.36 million. During the same quarter last year, the company earned $0.52 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that America’s Car-Mart will post $2.70 EPS for the current year.
In other America’s Car-Mart news, Director Eddie L. Hight sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $40.23, for a total value of $201,150.00. Following the sale, the director now directly owns 45,970 shares in the company, valued at $1,849,373.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John David Simmons sold 3,750 shares of the firm’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $36.80, for a total value of $138,000.00. Following the completion of the sale, the director now owns 17,129 shares in the company, valued at $630,347.20. The disclosure for this sale can be found here. 14.00% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of CRMT. Dynamic Technology Lab Private Ltd bought a new stake in America’s Car-Mart during the second quarter worth about $235,000. Royal Bank of Canada boosted its stake in America’s Car-Mart by 2.3% in the first quarter. Royal Bank of Canada now owns 12,183 shares of the company’s stock worth $305,000 after buying an additional 271 shares during the last quarter. Harber Asset Management LLC bought a new stake in America’s Car-Mart during the second quarter worth about $633,000. Jacobs Levy Equity Management Inc. bought a new stake in America’s Car-Mart during the first quarter worth about $708,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in 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. Institutional investors own 91.65% of the company’s stock.
America’s Car-Mart Company Profile
America’s Car-Mart, Inc is an automotive retailer in the United States 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, an Arkansas corporation (Car-Mart of Arkansas), and Colonial Auto Finance, Inc, an Arkansas corporation (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).
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