America's Car-Mart (NASDAQ:CRMT) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Other research analysts have also issued reports about the company. ValuEngine upgraded America's Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Zacks Investment Research upgraded America's Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Wednesday, January 17th. Stephens set a $50.00 price objective on America's Car-Mart and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Finally, Jefferies Group increased their price objective on America's Car-Mart from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, November 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $49.00.

Shares of America's Car-Mart (NASDAQ:CRMT) opened at $44.20 on Friday. The stock has a market capitalization of $315.32, a P/E ratio of 16.37 and a beta of 0.99. America's Car-Mart has a 52-week low of $30.20 and a 52-week high of $49.40.

America's Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, November 16th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The business had revenue of $149.12 million during the quarter, compared to analyst estimates of $149.63 million. America's Car-Mart had a return on equity of 9.18% and a net margin of 3.58%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. analysts forecast that America's Car-Mart will post 3.07 EPS for the current fiscal year.

America's Car-Mart declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 16th that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

In related news, Director Robert Cameron Smith sold 1,875 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $48.61, for a total value of $91,143.75. Following the completion of the transaction, the director now directly owns 3,550 shares in the company, valued at $172,565.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its stake in America's Car-Mart by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 6,155 shares of the company’s stock worth $240,000 after purchasing an additional 112 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in America's Car-Mart by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 32,949 shares of the company’s stock worth $1,282,000 after purchasing an additional 152 shares in the last quarter. Wells Fargo & Company MN lifted its stake in America's Car-Mart by 16.4% during the fourth quarter. Wells Fargo & Company MN now owns 11,317 shares of the company’s stock worth $506,000 after purchasing an additional 1,592 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in America's Car-Mart by 8.7% during the second quarter. Parametric Portfolio Associates LLC now owns 24,971 shares of the company’s stock worth $971,000 after purchasing an additional 2,003 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in America's Car-Mart by 23.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 11,751 shares of the company’s stock worth $483,000 after purchasing an additional 2,226 shares in the last quarter. Institutional investors own 85.39% of the company’s stock.

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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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