America’s Car-Mart, Inc. (NASDAQ:CRMT) has received an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $41.50.

A number of research analysts recently issued reports on CRMT shares. Zacks Investment Research upgraded shares of America’s Car-Mart from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Friday, June 9th. ValuEngine cut shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Stephens started coverage on shares of America’s Car-Mart in a report on Wednesday, August 23rd. They set an “equal weight” rating and a $42.00 price objective for the company. Finally, Jefferies Group LLC restated a “hold” rating and set a $41.00 price objective on shares of America’s Car-Mart in a report on Friday, August 18th.

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Shares of America’s Car-Mart (NASDAQ CRMT) traded up 0.27% during midday trading on Wednesday, hitting $37.00. The stock had a trading volume of 31,701 shares. The firm has a 50 day moving average of $38.09 and a 200-day moving average of $36.83. America’s Car-Mart has a one year low of $30.20 and a one year high of $47.75. The company has a market cap of $279.02 million, a P/E ratio of 14.76 and a beta of 0.94.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, August 17th. The company reported $0.90 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.90. The business had revenue of $146.40 million during the quarter, compared to the consensus estimate of $153.05 million. America’s Car-Mart had a net margin of 3.41% and a return on equity of 8.72%. America’s Car-Mart’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 earnings per share. On average, analysts forecast that America’s Car-Mart will post $3.05 earnings per share for the current fiscal year.

In related news, CEO William H. Henderson sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $37.56, for a total transaction of $525,840.00. Following the completion of the transaction, the chief executive officer now owns 101,190 shares in the company, valued at $3,800,696.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Magnolia Capital Fund, Lp acquired 8,196 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were purchased at an average price of $36.55 per share, with a total value of $299,563.80. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 76,896 shares of company stock valued at $2,830,571 and have sold 26,500 shares valued at $999,903. 11.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. purchased a new position in shares of America’s Car-Mart during the first quarter worth about $304,000. American International Group Inc. boosted its position in America’s Car-Mart by 7.2% in the first quarter. American International Group Inc. now owns 4,864 shares of the company’s stock valued at $177,000 after buying an additional 326 shares during the period. Jupiter Asset Management Ltd. boosted its position in America’s Car-Mart by 4.9% in the first quarter. Jupiter Asset Management Ltd. now owns 152,388 shares of the company’s stock valued at $5,555,000 after buying an additional 7,060 shares during the period. Geode Capital Management LLC boosted its position in America’s Car-Mart by 5.4% in the first quarter. Geode Capital Management LLC now owns 61,593 shares of the company’s stock valued at $2,245,000 after buying an additional 3,130 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in America’s Car-Mart by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 550,283 shares of the company’s stock valued at $20,058,000 after buying an additional 35,398 shares during the period. Hedge funds and other institutional investors own 87.14% of the company’s stock.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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