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

CRMT has been the topic of several recent analyst reports. Citigroup Inc. cut 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 report on Thursday, April 7th. Jefferies Group cut their price target on shares of America’s Car-Mart to $26.00 and set a “hold” rating on the stock in a report on Thursday, April 7th. Zacks Investment Research cut shares of America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Wednesday, May 25th. Finally, Sidoti cut shares of America’s Car-Mart from a “buy” rating to a “neutral” rating and cut their price target for the company from $33.00 to $24.00 in a report on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $33.00.

The company’s 50-day moving average is $26.30 and its 200 day moving average is $25.10. The stock has a market capitalization of $253.39 million and a price-to-earnings ratio of 23.77.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Monday, May 23rd. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by $0.18. During the same period in the previous year, the business posted $0.81 EPS. The business earned $155 million during the quarter, compared to the consensus estimate of $149.13 million. The business’s revenue was up 12.5% compared to the same quarter last year. On average, equities research analysts forecast that America’s Car-Mart Inc. will post $2.02 EPS for the current fiscal year.

In other news, Director Gremp Jim Von acquired 2,000 shares of America’s Car-Mart stock in a transaction dated Tuesday, May 24th. The stock was purchased at an average cost of $21.33 per share, for a total transaction of $42,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $90,750.00. Following the completion of the transaction, the director now owns 19,979 shares of the company’s stock, valued at $483,491.80. The disclosure for this sale can be found here.

An institutional investor recently raised its position in America’s Car-Mart stock. Opus Capital Group LLC boosted its stake 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 firm owned 140,514 shares of the company’s stock after buying an additional 61,942 shares during the period. Opus Capital Group LLC owned 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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