America's Car-Mart (CRMT) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of America's Car-Mart (NASDAQ:CRMT) from a buy rating to a hold rating in a report issued on Friday morning.

CRMT has been the subject of a number of other reports. BidaskClub lowered America's Car-Mart from a buy rating to a hold rating in a report on Wednesday, January 31st. Jefferies Group upped their price target on America's Car-Mart from $41.00 to $45.00 and gave the stock a hold rating in a report on Monday, November 20th. Zacks Investment Research upgraded America's Car-Mart from a strong sell rating to a hold rating in a report on Monday, October 30th. Finally, Stephens set a $50.00 price target on America's Car-Mart and gave the stock a hold rating in a report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $49.00.

America's Car-Mart (NASDAQ:CRMT) opened at $43.25 on Friday. America's Car-Mart has a 1-year low of $30.20 and a 1-year high of $49.40. The company has a market capitalization of $318.18, a P/E ratio of 16.12 and a beta of 0.99.

America's Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Thursday, November 16th. The company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. America's Car-Mart had a return on equity of 9.18% and a net margin of 3.58%. The company had revenue of $149.12 million during the quarter, compared to analyst estimates of $149.63 million. During the same period in the previous year, the company earned $0.62 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. equities research analysts expect that America's Car-Mart will post 3.07 EPS for the current fiscal year.

America's Car-Mart declared that its Board of Directors has approved a share repurchase plan on Thursday, November 16th that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

In related news, Director Robert Cameron Smith sold 2,600 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $48.44, for a total value of $125,944.00. Following the completion of the transaction, the director now directly owns 3,550 shares in the company, valued at $171,962. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Magnolia Group LLC raised its stake in shares of America's Car-Mart by 7.3% in the third quarter. Magnolia Group LLC now owns 887,411 shares of the company’s stock valued at $36,495,000 after purchasing an additional 60,526 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of America's Car-Mart by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 573,608 shares of the company’s stock valued at $23,590,000 after purchasing an additional 3,531 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of America's Car-Mart by 6.2% in the second quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock valued at $13,549,000 after purchasing an additional 20,317 shares in the last quarter. WCM Investment Management CA raised its stake in shares of America's Car-Mart by 1.3% in the third quarter. WCM Investment Management CA now owns 209,347 shares of the company’s stock valued at $8,609,000 after purchasing an additional 2,690 shares in the last quarter. Finally, State Street Corp raised its stake in shares of America's Car-Mart by 5.0% in the second quarter. State Street Corp now owns 144,997 shares of the company’s stock valued at $5,641,000 after purchasing an additional 6,957 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.

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About America's Car-Mart

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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