America’s Car-Mart, Inc. (CRMT) Upgraded to “Buy” at ValuEngine

America’s Car-Mart, Inc. (NASDAQ:CRMT) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other brokerages have also recently commented on CRMT. Zacks Investment Research cut America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Stephens began coverage on America’s Car-Mart in a research note on Wednesday, August 23rd. They issued an “equal weight” rating and a $42.00 price target on the stock. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $41.00 price target on shares of America’s Car-Mart in a research note on Friday, August 18th.

Shares of America’s Car-Mart (CRMT) traded up $4.10 on Friday, hitting $47.85. The company’s stock had a trading volume of 168,754 shares, compared to its average volume of 64,369. The firm has a market capitalization of $318.58, a PE ratio of 16.70 and a beta of 0.94. America’s Car-Mart has a 12 month low of $30.20 and a 12 month high of $48.95.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Thursday, November 16th. The company reported $0.79 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.79. The company had revenue of $149.12 million for the quarter, compared to analysts’ expectations of $149.63 million. America’s Car-Mart had a return on equity of 11.91% and a net margin of 4.78%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. equities research analysts expect that America’s Car-Mart will post 3.09 EPS for the current fiscal year.

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In related news, CEO William H. Henderson sold 6,250 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $40.65, for a total value of $254,062.50. Following the transaction, the chief executive officer now owns 93,440 shares in the company, valued at $3,798,336. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Magnolia Capital Fund, Lp acquired 12,560 shares of the business’s stock in a transaction on Monday, August 28th. The shares were purchased at an average price of $36.89 per share, for a total transaction of $463,338.40. The disclosure for this purchase can be found here. In the last quarter, insiders sold 39,870 shares of company stock worth $1,568,668. Insiders own 11.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. acquired a new stake in America’s Car-Mart during the first quarter valued at approximately $304,000. Schwab Charles Investment Management Inc. raised its stake in America’s Car-Mart by 4.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 32,797 shares of the company’s stock valued at $1,196,000 after buying an additional 1,368 shares in the last quarter. Geode Capital Management LLC raised its stake in America’s Car-Mart by 5.4% during 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 in the last quarter. American International Group Inc. raised its stake in America’s Car-Mart by 7.2% during 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 in the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in America’s Car-Mart by 21.3% during the second quarter. Kennedy Capital Management Inc. now owns 292,843 shares of the company’s stock valued at $11,392,000 after buying an additional 51,481 shares in the last quarter. Hedge funds and other institutional investors own 89.14% of the company’s stock.

About America’s Car-Mart

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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