America’s Car-Mart Inc. (CRMT) Receives Hold Rating from Janney Montgomery Scott
A number of other brokerages have also weighed in on CRMT. Jefferies Group lifted their price objective on shares of America’s Car-Mart from $22.00 to $37.00 and gave the company a hold rating in a report on Monday, August 22nd. Zacks Investment Research upgraded shares of America’s Car-Mart from a strong sell rating to a hold rating in a report on Tuesday, July 26th. Six research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and an average price target of $29.00.
America’s Car-Mart (NASDAQ:CRMT) traded down 1.22% during midday trading on Thursday, hitting $36.52. 61,267 shares of the stock were exchanged. The firm’s 50 day moving average price is $37.28 and its 200 day moving average price is $29.24. The company has a market cap of $286.17 million, a PE ratio of 22.11 and a beta of 1.08. America’s Car-Mart has a 12 month low of $19.49 and a 12 month high of $43.07.
America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Thursday, August 18th. The company reported $0.87 earnings per share for the quarter, beating 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 company earned $145.80 million during the quarter, compared to analyst estimates of $154.36 million. During the same quarter last year, the business posted $0.52 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that America’s Car-Mart will post $2.70 earnings per share for the current fiscal year.
In other news, CEO William H. Henderson sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $39.71, for a total value of $198,550.00. Following the completion of the sale, the chief executive officer now owns 81,984 shares in the company, valued at approximately $3,255,584.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John David Simmons sold 3,750 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $40.00, for a total transaction of $150,000.00. Following the completion of the sale, the director now owns 17,129 shares of the company’s stock, valued at approximately $685,160. The disclosure for this sale can be found here. 14.00% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in America’s Car-Mart during the second quarter valued at approximately $5,897,000. Pastel & Associes SA purchased a new position in shares of America’s Car-Mart during the second quarter worth about $4,063,000. Numeric Investors LLC purchased a new position in shares of America’s Car-Mart during the second quarter worth about $2,398,000. Franklin Resources Inc. purchased a new position in shares of America’s Car-Mart during the second quarter worth about $1,878,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of America’s Car-Mart during the first quarter worth about $708,000. Institutional investors and hedge funds own 91.76% of the company’s stock.
About America’s Car-Mart
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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