Shares of America’s Car-Mart Inc. (NASDAQ:CRMT) were down 3.4% during mid-day trading on Thursday . The company traded as low as $31.57 and last traded at $31.69, with a volume of 52,503 shares traded. The stock had previously closed at $32.81.

Several research firms have weighed in on CRMT. Sidoti lowered shares of America’s Car-Mart from a “buy” rating to a “neutral” rating and lowered their target price for the company from $33.00 to $24.00 in a research note on Tuesday, May 24th. Jefferies Group lowered their target price on shares of America’s Car-Mart to $26.00 and set a “hold” rating for the company in a research note on Thursday, April 7th. Zacks Investment Research lowered shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a research note on Wednesday, May 25th. Finally, Citigroup Inc. lowered their target price on shares of America’s Car-Mart from $29.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $29.00.

The stock’s 50-day moving average is $26.56 and its 200 day moving average is $25.13. The stock has a market capitalization of $255.63 million and a P/E ratio of 23.98.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Monday, May 23rd. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.18. During the same period in the prior year, the firm earned $0.81 earnings per share. The business earned $155 million during the quarter, compared to analysts’ expectations of $149.13 million. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts expect that America’s Car-Mart Inc. will post $2.02 EPS for the current year.

In other America’s Car-Mart news, Director John David Simmons sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $24.20, for a total transaction of $90,750.00. Following the completion of the sale, the director now owns 19,979 shares of the company’s stock, valued at $483,491.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gremp Jim Von bought 2,000 shares of the firm’s stock in a transaction on Tuesday, May 24th. The shares were bought at an average cost of $21.33 per share, with a total value of $42,660.00. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in America’s Car-Mart stock. Opus Capital Group LLC increased its position in America’s Car-Mart Inc. (NASDAQ:CRMT) by 78.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,514 shares of the company’s stock after buying an additional 61,942 shares during the period. Opus Capital Group LLC owned approximately 1.66% of America’s Car-Mart worth $3,750,000 as of its most recent SEC filing.

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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