America’s Car-Mart (NASDAQ:CRMT) Hits New 52-Week High at $112.53

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America’s Car-Mart, Inc. (NASDAQ:CRMT)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $112.53 and last traded at $112.22, with a volume of 718 shares changing hands. The stock had previously closed at $110.35.

CRMT has been the subject of several recent analyst reports. ValuEngine downgraded shares of America’s Car-Mart from a “sell” rating to a “strong sell” rating in a research note on Friday, January 10th. Zacks Investment Research raised their target price on shares of America’s Car-Mart to $113.25 in a research note on Friday, December 20th. Finally, BidaskClub upgraded shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $108.31.

The company’s 50-day simple moving average is $108.08 and its 200-day simple moving average is $95.04. 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 capitalization of $730.69 million, a price-to-earnings ratio of 13.95, a P/E/G ratio of 1.85 and a beta of 0.88.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Monday, November 18th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.15. The firm had revenue of $190.00 million during 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 revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. Research analysts expect that America’s Car-Mart, Inc. will post 8.12 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. Horrell Capital Management Inc. lifted its position in America’s Car-Mart by 0.4% during the fourth quarter. Horrell Capital Management Inc. now owns 30,990 shares of the company’s stock worth $3,398,000 after acquiring an additional 114 shares during the last quarter. California State Teachers Retirement System lifted its position in America’s Car-Mart by 1.2% during the third quarter. California State Teachers Retirement System now owns 9,728 shares of the company’s stock worth $892,000 after acquiring an additional 117 shares during the last quarter. Wakefield Asset Management LLLP lifted its position in America’s Car-Mart by 2.0% during the third quarter. Wakefield Asset Management LLLP now owns 6,590 shares of the company’s stock worth $604,000 after acquiring an additional 129 shares during the last quarter. Cutler Group LP lifted its position in America’s Car-Mart by 23.8% during the third quarter. Cutler Group LP now owns 990 shares of the company’s stock worth $90,000 after acquiring an additional 190 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in America’s Car-Mart by 3.2% during the third quarter. SG Americas Securities LLC now owns 7,533 shares of the company’s stock worth $691,000 after acquiring an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.

About America’s Car-Mart (NASDAQ:CRMT)

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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