America's Car-Mart (NASDAQ:CRMT) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.
A number of other analysts have also issued reports on CRMT. Zacks Investment Research upgraded America's Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday, January 17th. Jefferies Group boosted their price objective on America's Car-Mart from $41.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, November 20th. ValuEngine upgraded America's Car-Mart from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Finally, Stephens set a $50.00 price objective on America's Car-Mart and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $49.00.
Shares of America's Car-Mart (CRMT) opened at $51.35 on Friday. The stock has a market capitalization of $350.69, a price-to-earnings ratio of 12.31 and a beta of 0.99. America's Car-Mart has a one year low of $30.50 and a one year high of $51.45.
America's Car-Mart (NASDAQ:CRMT) last issued its earnings results on Monday, February 19th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.06. The firm had revenue of $147.20 million for the quarter, compared to analyst estimates of $136.55 million. America's Car-Mart had a return on equity of 9.94% and a net margin of 5.30%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. equities analysts forecast that America's Car-Mart will post 3.25 EPS for the current fiscal year.
America's Car-Mart announced that its board has initiated a share repurchase plan on Thursday, November 16th that authorizes the company to buyback 1,000,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
Several large investors have recently added to or reduced their stakes in the stock. Magnolia Group LLC raised its stake in shares of America's Car-Mart by 7.3% during the 3rd quarter. Magnolia Group LLC now owns 887,411 shares of the company’s stock valued at $36,495,000 after purchasing an additional 60,526 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of America's Car-Mart by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 573,608 shares of the company’s stock valued at $23,590,000 after purchasing an additional 3,531 shares during the period. BlackRock Inc. grew its position in America's Car-Mart by 2.1% during the fourth quarter. BlackRock Inc. now owns 512,864 shares of the company’s stock worth $22,900,000 after buying an additional 10,680 shares in the last quarter. WCM Investment Management CA grew its position in America's Car-Mart by 85.5% during the fourth quarter. WCM Investment Management CA now owns 388,282 shares of the company’s stock worth $17,337,000 after buying an additional 178,935 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in America's Car-Mart by 6.2% during the second quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock worth $13,549,000 after buying an additional 20,317 shares in the last quarter. Institutional investors own 86.41% 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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