BidaskClub Lowers America’s Car-Mart (CRMT) to Hold

America’s Car-Mart (NASDAQ:CRMT) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other brokerages have also weighed in on CRMT. ValuEngine upgraded America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Jefferies Financial Group reiterated a “hold” rating and set a $87.00 price target on shares of America’s Car-Mart in a report on Tuesday, November 20th. Finally, Zacks Investment Research raised America’s Car-Mart from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Tuesday, November 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. America’s Car-Mart presently has a consensus rating of “Hold” and a consensus target price of $90.80.

Shares of NASDAQ CRMT opened at $70.04 on Friday. The firm has a market capitalization of $482.85 million, a price-to-earnings ratio of 19.46, a P/E/G ratio of 0.66 and a beta of 0.95. America’s Car-Mart has a 12 month low of $42.20 and a 12 month high of $89.85.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Thursday, November 15th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.48. America’s Car-Mart had a net margin of 7.06% and a return on equity of 15.52%. The company had revenue of $167.17 million for the quarter, compared to analysts’ expectations of $166.46 million. On average, sell-side analysts predict that America’s Car-Mart will post 5.78 earnings per share for the current fiscal year.

In other America’s Car-Mart news, Director Daniel J. Englander purchased 10,000 shares of the business’s stock in a transaction on Friday, December 7th. The stock was purchased at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the completion of the purchase, the director now directly owns 15,263 shares in the company, valued at $1,037,120.85. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 10.00% of the company’s stock.

Several large investors have recently bought and sold shares of CRMT. BlackRock Inc. grew its holdings in shares of America’s Car-Mart by 5.5% in the 3rd quarter. BlackRock Inc. now owns 526,838 shares of the company’s stock valued at $41,200,000 after buying an additional 27,370 shares during the period. Vanguard Group Inc. grew its holdings in shares of America’s Car-Mart by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 335,897 shares of the company’s stock valued at $26,267,000 after buying an additional 12,609 shares during the period. Vanguard Group Inc grew its holdings in shares of America’s Car-Mart by 3.9% in the 3rd quarter. Vanguard Group Inc now owns 335,897 shares of the company’s stock valued at $26,267,000 after buying an additional 12,609 shares during the period. Morgan Stanley grew its holdings in shares of America’s Car-Mart by 140.7% in the 3rd quarter. Morgan Stanley now owns 197,013 shares of the company’s stock valued at $15,407,000 after buying an additional 115,168 shares during the period. Finally, WCM Investment Management CA grew its holdings in shares of America’s Car-Mart by 18.8% in the 3rd quarter. WCM Investment Management CA now owns 164,704 shares of the company’s stock valued at $12,880,000 after buying an additional 26,021 shares during the period. Institutional investors own 74.29% of the company’s stock.

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 June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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