America’s Car-Mart (NASDAQ:CRMT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage currently has a $93.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 25.49% from the stock’s current price.

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. “

CRMT has been the topic of a number of other research reports. Bank of America increased their price target on America’s Car-Mart from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. ValuEngine downgraded America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. TheStreet raised America’s Car-Mart from a “c+” rating to a “b” rating in a research note on Wednesday, August 15th. BidaskClub raised America’s Car-Mart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 21st. Finally, Stephens set a $84.00 price target on America’s Car-Mart and gave the company a “hold” rating in a research note on Monday, August 20th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $90.80.

Shares of CRMT stock traded down $9.35 during trading hours on Tuesday, reaching $74.11. The company had a trading volume of 302,480 shares, compared to its average volume of 57,650. The company has a market cap of $578.06 million, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 0.81 and a beta of 1.01. America’s Car-Mart has a 1-year low of $42.20 and a 1-year high of $89.85.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, November 15th. The company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.48. The company had revenue of $167.17 million for the quarter, compared to the consensus estimate of $166.46 million. America’s Car-Mart had a return on equity of 15.68% and a net margin of 7.06%. Analysts predict that America’s Car-Mart will post 5.34 EPS for the current year.

In other America’s Car-Mart news, Director Ray C. Dillon acquired 750 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were acquired at an average price of $83.41 per share, with a total value of $62,557.50. Following the purchase, the director now owns 1,500 shares of the company’s stock, valued at approximately $125,115. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ray C. Dillon acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The shares were acquired at an average cost of $80.45 per share, for a total transaction of $80,450.00. Following the purchase, the director now directly owns 2,500 shares in the company, valued at approximately $201,125. The disclosure for this purchase can be found here. Company insiders own 10.00% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Jefferies Group LLC acquired a new stake in America’s Car-Mart during the 3rd quarter worth $202,000. Russell Investments Group Ltd. acquired a new stake in America’s Car-Mart during the 2nd quarter worth $207,000. Jane Street Group LLC acquired a new stake in America’s Car-Mart during the 2nd quarter worth $235,000. Tower Research Capital LLC TRC acquired a new stake in America’s Car-Mart during the 2nd quarter worth $272,000. Finally, Spark Investment Management LLC acquired a new stake in America’s Car-Mart during the 2nd quarter worth $297,000. 69.42% of the stock is currently owned by institutional investors and hedge funds.

About America’s Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company primarily sells older model used vehicles and provides financing for its customers. As of June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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