Several other equities research analysts also recently issued reports on the company. Bank of America restated a buy rating and set a $110.00 price objective (up from $102.00) on shares of America’s Car-Mart in a report on Tuesday, February 26th. ValuEngine upgraded America’s Car-Mart from a sell rating to a hold rating in a research report on Saturday, December 15th. Zacks Investment Research lowered America’s Car-Mart from a strong-buy rating to a hold rating in a research report on Monday, February 4th. Finally, Buckingham Research started coverage on America’s Car-Mart in a research report on Thursday, March 28th. They issued a buy rating and a $103.00 target price for the company. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. America’s Car-Mart presently has an average rating of Buy and an average price target of $96.67.
CRMT stock opened at $96.57 on Friday. America’s Car-Mart has a 52-week low of $50.35 and a 52-week high of $96.85. The company has a market cap of $641.74 million, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 0.78 and a beta of 0.90.
America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Tuesday, February 19th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the 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 for the quarter, compared to the consensus estimate of $163.97 million. As a group, equities analysts anticipate that America’s Car-Mart will post 6.43 earnings per share for the current fiscal year.
In other news, Director William H. Henderson sold 10,000 shares of America’s Car-Mart stock in a transaction that occurred on Thursday, February 28th. The stock was 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 approximately $10,383,088.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gremp Jim Von sold 3,000 shares of America’s Car-Mart stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $92.58, for a total value of $277,740.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,500 shares of company stock valued at $1,235,950. Insiders own 10.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in America’s Car-Mart by 5.5% during the 3rd quarter. BlackRock Inc. now owns 526,838 shares of the company’s stock valued at $41,200,000 after purchasing an additional 27,370 shares during the period. Vanguard Group Inc boosted its position in America’s Car-Mart by 3.9% during the 3rd quarter. Vanguard Group Inc now owns 335,897 shares of the company’s stock valued at $26,267,000 after purchasing an additional 12,609 shares during the period. Vanguard Group Inc. boosted its position in America’s Car-Mart by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 335,897 shares of the company’s stock valued at $26,267,000 after purchasing an additional 12,609 shares during the period. Portolan Capital Management LLC acquired a new position in America’s Car-Mart during the 4th quarter valued at approximately $16,290,000. Finally, SG Capital Management LLC boosted its position in America’s Car-Mart by 129.4% during the 4th quarter. SG Capital Management LLC now owns 198,530 shares of the company’s stock valued at $14,383,000 after purchasing an additional 111,977 shares during the period. Institutional investors and hedge funds own 72.27% of the company’s stock.
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.
Read More: How mutual funds make money
Receive News & Ratings for America's Car-Mart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America's Car-Mart and related companies with MarketBeat.com's FREE daily email newsletter.