America’s Car-Mart (NASDAQ:CRMT) Downgraded by ValuEngine to Strong Sell

ValuEngine downgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a sell rating to a strong sell rating in a report released on Friday morning, ValuEngine reports.

Several other brokerages have also recently weighed in on CRMT. BidaskClub upgraded America’s Car-Mart from a sell rating to a hold rating in a research report on Thursday, November 21st. Zacks Investment Research upped their price target on America’s Car-Mart to $113.25 in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $108.31.

Shares of CRMT opened at $109.79 on Friday. The business’s 50-day moving average price is $107.53 and its 200-day moving average price is $93.76. America’s Car-Mart has a twelve month low of $67.61 and a twelve month high of $111.11. The stock has a market cap of $715.24 million, a PE ratio of 17.02, a P/E/G ratio of 1.79 and a beta of 0.88. The company has a quick ratio of 1.79, a current ratio of 1.97 and a debt-to-equity ratio of 0.14.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Monday, November 18th. The company reported $2.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $0.15. America’s Car-Mart had a return on equity of 20.59% and a net margin of 7.84%. The firm had revenue of $190.00 million for the quarter, compared to analysts’ expectations of $173.47 million. During the same period in the prior year, the business posted $1.58 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. Analysts expect that America’s Car-Mart will post 8.05 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its position in shares of America’s Car-Mart by 713.5% in the third quarter. Tower Research Capital LLC TRC now owns 724 shares of the company’s stock worth $66,000 after purchasing an additional 635 shares during the last quarter. Cutler Group LP increased its position in shares of America’s Car-Mart by 23.8% in the third quarter. Cutler Group LP now owns 990 shares of the company’s stock worth $90,000 after purchasing an additional 190 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of America’s Car-Mart in the third quarter worth approximately $91,000. Paloma Partners Management Co bought a new position in shares of America’s Car-Mart in the second quarter worth approximately $246,000. Finally, Eqis Capital Management Inc. increased its position in shares of America’s Car-Mart by 29.6% in the third quarter. Eqis Capital Management Inc. now owns 3,283 shares of the company’s stock worth $301,000 after purchasing an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 77.74% 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 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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