America’s Car-Mart, Inc. (NASDAQ:CRMT) has been assigned an average recommendation of “Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $96.67.

Several analysts have issued reports on the company. BidaskClub raised America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a report on Friday, March 22nd. Buckingham Research assumed coverage on America’s Car-Mart in a report on Thursday, March 28th. They set a “buy” rating and a $103.00 price target for the company. Zacks Investment Research raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a report on Friday, February 22nd. Bank of America reissued a “buy” rating and set a $110.00 price target (up previously from $102.00) on shares of America’s Car-Mart in a report on Tuesday, February 26th. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $99.00 price target on shares of America’s Car-Mart in a report on Monday.

In other news, Director Gremp Jim Von sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $92.58, for a total value of $277,740.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Henderson sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $82.12, for a total value of $821,200.00. Following the completion of the transaction, the director now owns 126,438 shares in the company, valued at $10,383,088.56. The disclosure for this sale can be found here. Insiders have sold 14,500 shares of company stock valued at $1,235,950 in the last three months. 10.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in CRMT. Lavaca Capital LLC purchased a new position in shares of America’s Car-Mart in the fourth quarter valued at about $25,000. Advisor Group Inc. lifted its position in shares of America’s Car-Mart by 925.0% in the fourth quarter. Advisor Group Inc. now owns 1,025 shares of the company’s stock valued at $74,000 after acquiring an additional 925 shares in the last quarter. Legal & General Group Plc lifted its position in shares of America’s Car-Mart by 27.8% in the fourth quarter. Legal & General Group Plc now owns 1,095 shares of the company’s stock valued at $79,000 after acquiring an additional 238 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of America’s Car-Mart in the fourth quarter valued at about $93,000. Finally, Nordea Investment Management AB purchased a new position in shares of America’s Car-Mart in the fourth quarter valued at about $101,000. Institutional investors and hedge funds own 72.27% of the company’s stock.

Shares of CRMT traded down $0.25 during trading hours on Friday, hitting $94.93. The stock had a trading volume of 89,575 shares, compared to its average volume of 97,425. America’s Car-Mart has a 12 month low of $51.30 and a 12 month high of $97.55. The firm has a market capitalization of $650.00 million, a P/E ratio of 26.37, a PEG ratio of 0.80 and a beta of 0.90.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Tuesday, February 19th. The company reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.53. America’s Car-Mart had a return on equity of 18.04% and a net margin of 6.53%. The company had revenue of $161.05 million during the quarter, compared to analyst estimates of $163.97 million. On average, research analysts anticipate that America’s Car-Mart will post 6.43 earnings per share for the current fiscal year.

America’s Car-Mart Company Profile

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 February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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Analyst Recommendations for America`s Car-Mart (NASDAQ:CRMT)

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