Stephens Reiterates Buy Rating for America’s Car-Mart (NASDAQ:CRMT)


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America’s Car-Mart (NASDAQ:CRMT)‘s stock had its “buy” rating reissued by research analysts at Stephens in a research note issued to investors on Thursday, TipRanks reports. They currently have a $154.00 target price on the stock. Stephens’ price objective would indicate a potential upside of 6.83% from the company’s current price.

America’s Car-Mart stock traded down $1.35 during trading hours on Thursday, hitting $144.16. 1,327 shares of the company traded hands, compared to its average volume of 40,472. The firm has a market cap of $953.33 million, a P/E ratio of 15.88, a P/E/G ratio of 0.96 and a beta of 1.44. The firm’s 50-day simple moving average is $148.01 and its two-hundred day simple moving average is $116.95. America’s Car-Mart has a 1-year low of $53.50 and a 1-year high of $165.00.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Monday, February 15th. The company reported $2.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.38 by $0.47. America’s Car-Mart had a net margin of 7.90% and a return on equity of 19.84%. The firm had revenue of $228.26 million for the quarter, compared to analysts’ expectations of $217.62 million. Analysts anticipate that America’s Car-Mart will post 10.95 EPS for the current year.

In other news, Director William H. Henderson sold 1,500 shares of the stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $127.57, for a total value of $191,355.00. Following the completion of the sale, the director now directly owns 103,732 shares of the company’s stock, valued at $13,233,091.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CRMT. Arrowstreet Capital Limited Partnership raised its position in shares of America’s Car-Mart by 44.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 52,885 shares of the company’s stock valued at $4,489,000 after purchasing an additional 16,360 shares during the period. JPMorgan Chase & Co. raised its position in shares of America’s Car-Mart by 19.5% in the third quarter. JPMorgan Chase & Co. now owns 22,051 shares of the company’s stock valued at $1,872,000 after purchasing an additional 3,605 shares during the period. Great West Life Assurance Co. Can raised its position in shares of America’s Car-Mart by 104.9% in the third quarter. Great West Life Assurance Co. Can now owns 15,935 shares of the company’s stock valued at $1,595,000 after purchasing an additional 8,159 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of America’s Car-Mart by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 41,695 shares of the company’s stock valued at $3,540,000 after purchasing an additional 807 shares during the period. Finally, Public Sector Pension Investment Board raised its position in shares of America’s Car-Mart by 2.1% in the third quarter. Public Sector Pension Investment Board now owns 14,090 shares of the company’s stock valued at $1,196,000 after purchasing an additional 290 shares during the period. 75.38% of the stock is owned by institutional investors and hedge funds.

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 December 17, 2020, it operated 151 dealerships in the South-Central United States. America's Car-Mart, Inc was founded in 1981 and is based in Rogers, Arkansas.

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