America’s Car-Mart, Inc. (NASDAQ:CRMT) has received an average recommendation of “Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $96.60.

Several research analysts recently weighed in on CRMT shares. BidaskClub upgraded shares of America’s Car-Mart from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Bank of America reiterated a “buy” rating and set a $110.00 price target (up from $102.00) on shares of America’s Car-Mart in a research report on Tuesday, February 26th. Zacks Investment Research cut shares of America’s Car-Mart from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Buckingham Research began coverage on shares of America’s Car-Mart in a research report on Thursday, March 28th. They set a “buy” rating and a $103.00 price target on the stock. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $99.00 price target on shares of America’s Car-Mart in a research report on Monday, April 15th.

Shares of CRMT stock traded down $0.19 during trading on Wednesday, hitting $94.88. The company had a trading volume of 12,701 shares, compared to its average volume of 101,179. The stock has a market cap of $637.92 million, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 0.70 and a beta of 0.91. America’s Car-Mart has a 52 week low of $52.75 and a 52 week high of $104.05.

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

In related news, Director William H. Henderson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $82.12, for a total transaction of $821,200.00. Following the transaction, the director now owns 126,438 shares in the company, valued at $10,383,088.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gremp Jim Von sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $92.58, for a total transaction of $277,740.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,000 shares of company stock worth $1,385,110. Corporate insiders own 10.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in America’s Car-Mart by 37.7% in the third quarter. Wells Fargo & Company MN now owns 14,080 shares of the company’s stock valued at $1,101,000 after acquiring an additional 3,857 shares during the last quarter. 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 worth $41,200,000 after buying an additional 27,370 shares during the period. JPMorgan Chase & Co. lifted its position in shares of America’s Car-Mart by 109.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,340 shares of the company’s stock worth $1,746,000 after purchasing an additional 11,668 shares during the period. Renaissance Technologies LLC lifted its position in shares of America’s Car-Mart by 6.6% in the 3rd quarter. Renaissance Technologies LLC now owns 73,872 shares of the company’s stock worth $5,777,000 after purchasing an additional 4,600 shares during the period. Finally, MetLife Investment Advisors LLC lifted its position in shares of America’s Car-Mart by 25.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 4,495 shares of the company’s stock worth $352,000 after purchasing an additional 915 shares during the period. Institutional investors and hedge funds own 71.43% 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 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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