America’s Car-Mart Inc. (CRMT) Stock Rating Reaffirmed by Janney Montgomery Scott
America’s Car-Mart Inc. (NASDAQ:CRMT)‘s stock had its “hold” rating reiterated by analysts at Janney Montgomery Scott in a report issued on Thursday.
Several other research firms also recently issued reports on CRMT. Zacks Investment Research downgraded America’s Car-Mart from a “hold” rating to a “sell” rating in a research report on Wednesday, May 25th. Jefferies Group upped their target price on America’s Car-Mart from $22.00 to $37.00 and gave the company a “hold” rating in a research report on Monday, August 22nd. Six equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $29.00.
Shares of America’s Car-Mart (NASDAQ:CRMT) traded down 0.49% during trading on Thursday, hitting $36.79. The stock had a trading volume of 51,825 shares. America’s Car-Mart has a 12-month low of $19.49 and a 12-month high of $43.07. The firm has a market cap of $288.29 million, a P/E ratio of 22.27 and a beta of 1.08. The firm has a 50 day moving average price of $37.28 and a 200 day moving average price of $29.24.
America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Thursday, August 18th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.41. America’s Car-Mart had a return on equity of 7.45% and a net margin of 2.47%. The firm had revenue of $145.80 million for the quarter, compared to the consensus estimate of $154.36 million. During the same period in the prior year, the firm earned $0.52 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that America’s Car-Mart will post $2.70 earnings per share for the current fiscal year.
In other America’s Car-Mart news, Director Eddie L. Hight sold 5,000 shares of the stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $40.23, for a total transaction of $201,150.00. Following the sale, the director now directly owns 45,970 shares of the company’s stock, valued at approximately $1,849,373.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William H. Henderson sold 7,500 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $39.86, for a total value of $298,950.00. Following the sale, the chief executive officer now directly owns 84,484 shares in the company, valued at $3,367,532.24. The disclosure for this sale can be found here. Company insiders own 14.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. Yacktman Asset Management LP increased its stake in shares of America’s Car-Mart by 1.5% in the second quarter. Yacktman Asset Management LP now owns 580,959 shares of the company’s stock valued at $16,406,000 after buying an additional 8,623 shares in the last quarter. Bank of Montreal Can acquired a new stake in America’s Car-Mart during the second quarter worth approximately $5,897,000. WCM Investment Management CA boosted its stake in America’s Car-Mart by 5.0% in the second quarter. WCM Investment Management CA now owns 156,652 shares of the company’s stock worth $4,424,000 after buying an additional 7,450 shares during the period. Pastel & Associes SA acquired a new stake in America’s Car-Mart during the second quarter worth approximately $4,063,000. Finally, State Street Corp boosted its stake in America’s Car-Mart by 1.2% in the first quarter. State Street Corp now owns 136,415 shares of the company’s stock worth $3,417,000 after buying an additional 1,575 shares during the period. 91.76% of the stock is currently owned by institutional investors.
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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