Shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) have been given an average recommendation of “Buy” by the eight analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $86.20.

CRMT has been the subject of several analyst reports. ValuEngine cut America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. TheStreet raised America’s Car-Mart from a “c+” rating to a “b” rating in a report on Wednesday, August 15th. BidaskClub cut America’s Car-Mart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 27th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $82.00 price objective on shares of America’s Car-Mart in a report on Friday, August 17th. Finally, Stephens set a $84.00 price objective on America’s Car-Mart and gave the company a “hold” rating in a report on Monday, August 20th.

NASDAQ:CRMT opened at $72.28 on Friday. The company has a market cap of $490.78 million, a P/E ratio of 20.08, a PEG ratio of 0.68 and a beta of 1.02. America’s Car-Mart has a 1-year low of $40.15 and a 1-year high of $89.85.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Thursday, August 16th. The company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.38. The business had revenue of $164.02 million during the quarter, compared to analysts’ expectations of $161.39 million. America’s Car-Mart had a return on equity of 13.52% and a net margin of 6.41%. Analysts predict that America’s Car-Mart will post 5.34 earnings per share for the current year.

In other America’s Car-Mart news, Director Ray C. Dillon purchased 750 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were bought at an average price of $83.41 per share, for a total transaction of $62,557.50. Following the purchase, the director now owns 1,500 shares in the company, valued at approximately $125,115. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ray C. Dillon purchased 1,000 shares of the firm’s stock in a transaction dated Friday, September 21st. The stock was acquired at an average price of $80.45 per share, for a total transaction of $80,450.00. Following the purchase, the director now owns 2,500 shares in the company, valued at approximately $201,125. The disclosure for this purchase can be found here. 10.00% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of CRMT. Renaissance Technologies LLC increased its stake in shares of America’s Car-Mart by 128.8% in the 2nd quarter. Renaissance Technologies LLC now owns 69,272 shares of the company’s stock valued at $4,288,000 after purchasing an additional 39,000 shares during the last quarter. Millennium Management LLC bought a new stake in America’s Car-Mart during the 2nd quarter worth $1,373,000. Algert Global LLC bought a new stake in America’s Car-Mart during the 2nd quarter worth $1,365,000. EAM Global Investors LLC bought a new stake in America’s Car-Mart during the 2nd quarter worth $1,220,000. Finally, Citadel Advisors LLC bought a new stake in America’s Car-Mart during the 2nd quarter worth $990,000. Institutional investors own 70.74% of the company’s stock.

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 June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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