America’s Car-Mart Inc. (NASDAQ:CRMT)’s share price shot up 5.5% during trading on Friday . The stock traded as high as $30.44 and last traded at $30.36, with a volume of 58,841 shares changing hands. The stock had previously closed at $28.79.

Several brokerages recently commented on CRMT. Sidoti initiated coverage on shares of America’s Car-Mart in a report on Tuesday, March 15th. They set a “buy” rating and a $33.00 price target on the stock. Jefferies Group dropped their target price on shares of America’s Car-Mart to $26.00 and set a “hold” rating on the stock in a research note on Thursday, April 7th. Citigroup Inc. dropped their target price on shares of America’s Car-Mart from $29.00 to $26.00 and set a “hold” rating on the stock in a research note on Thursday, April 7th. Finally, Zacks Investment Research downgraded shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a research note on Wednesday, May 25th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $33.00.

The firm has a market cap of $243.37 million and a PE ratio of 22.83. The stock’s 50-day moving average price is $25.24 and its 200-day moving average price is $24.97.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Monday, May 23rd. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.18. The firm had revenue of $155 million for the quarter, compared to analysts’ expectations of $149.13 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. Analysts predict that America’s Car-Mart Inc. will post $2.02 EPS for the current year.

In other America’s Car-Mart news, Director Gremp Jim Von purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The shares were purchased at an average cost of $21.33 per share, with a total value of $42,660.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John David Simmons sold 3,750 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 19,979 shares in the company, valued at $483,491.80. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in America’s Car-Mart stock. Bank of Montreal Can increased its position in shares of America’s Car-Mart Inc. (NASDAQ:CRMT) by 55.2% during the fourth quarter, Holdings Channel reports. The firm owned 233,462 shares of the company’s stock after buying an additional 83,036 shares during the period. Bank of Montreal Can owned about 2.76% of America’s Car-Mart worth $6,232,000 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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