Zacks Investment Research upgraded shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) from a hold rating to a buy rating in a research note published on Thursday. They currently have $42.00 price target on the stock.

According to Zacks, “America’s Car-Mart operates automotive dealerships and is one of the largest automotive retailers in the United States focused exclusively on the Buy Here/Pay Here segment of the used car market. The Company operates its dealerships primarily in small cities and rural locations throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. “

Separately, Jefferies Group LLC raised their price target on shares of America’s Car-Mart from $36.00 to $41.00 and gave the company a hold rating in a research report on Thursday, May 25th.

America’s Car-Mart (CRMT) opened at 36.60 on Thursday. The firm has a market capitalization of $276.26 million, a price-to-earnings ratio of 14.70 and a beta of 0.88. America’s Car-Mart has a 1-year low of $24.81 and a 1-year high of $47.75. The stock’s 50 day moving average is $36.80 and its 200 day moving average is $38.75.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Monday, May 22nd. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. America’s Car-Mart had a net margin of 3.43% and a return on equity of 8.82%. The company had revenue of $152.90 million for the quarter, compared to analyst estimates of $158.24 million. During the same period last year, the firm earned $0.40 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Analysts predict that America’s Car-Mart will post $3.05 EPS for the current fiscal year.

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In other America’s Car-Mart news, CEO William H. Henderson sold 20,000 shares of America’s Car-Mart stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $35.00, for a total value of $700,000.00. Following the sale, the chief executive officer now owns 96,984 shares of the company’s stock, valued at $3,394,440. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William H. Henderson sold 1,608 shares of America’s Car-Mart stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $38.09, for a total transaction of $61,248.72. Following the completion of the sale, the chief executive officer now directly owns 89,298 shares in the company, valued at approximately $3,401,360.82. The disclosure for this sale can be found here. Insiders own 11.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CRMT. American International Group Inc. raised its stake in shares of America’s Car-Mart by 7.2% in the first quarter. American International Group Inc. now owns 4,864 shares of the company’s stock valued at $177,000 after buying an additional 326 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of America’s Car-Mart during the first quarter valued at approximately $304,000. Highbridge Capital Management LLC bought a new stake in shares of America’s Car-Mart during the fourth quarter valued at approximately $305,000. Russell Investments Group Ltd. bought a new stake in shares of America’s Car-Mart during the fourth quarter valued at approximately $529,000. Finally, Teachers Advisors LLC raised its stake in shares of America’s Car-Mart by 15.3% in the first quarter. Teachers Advisors LLC now owns 14,719 shares of the company’s stock valued at $537,000 after buying an additional 1,958 shares in the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc is an automotive retailer 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 (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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