BidaskClub upgraded shares of America's Car-Mart (NASDAQ:CRMT) from a hold rating to a buy rating in a research report report published on Friday.
A number of other research analysts have also weighed in on CRMT. Zacks Investment Research raised shares of America's Car-Mart from a strong sell rating to a hold rating in a report on Monday, October 30th. ValuEngine raised shares of America's Car-Mart from a hold rating to a buy rating in a research note on Friday, November 17th. Jefferies Group lifted their price objective on shares of America's Car-Mart from $41.00 to $45.00 and gave the stock a hold rating in a research note on Monday, November 20th. Finally, Stephens set a $50.00 price objective on shares of America's Car-Mart and gave the stock a hold rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. America's Car-Mart has an average rating of Buy and an average target price of $49.00.
America's Car-Mart (CRMT) traded up $1.65 during mid-day trading on Friday, hitting $51.35. 45,860 shares of the company were exchanged, compared to its average volume of 36,901. America's Car-Mart has a 1 year low of $30.50 and a 1 year high of $51.45. 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 declared that its board has approved a stock repurchase program on Thursday, November 16th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of CRMT. WCM Investment Management CA boosted its stake 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 during the period. SG Capital Management LLC purchased a new position in America's Car-Mart during the fourth quarter worth $5,043,000. Magnolia Group LLC boosted its stake in America's Car-Mart by 7.3% during the third quarter. Magnolia Group LLC now owns 887,411 shares of the company’s stock worth $36,495,000 after buying an additional 60,526 shares during the period. Goldman Sachs Group Inc. boosted its stake in America's Car-Mart by 54.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 72,628 shares of the company’s stock worth $3,242,000 after buying an additional 25,656 shares during the period. Finally, Vanguard Group Inc. boosted its stake 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 during the period. 86.41% of the stock is owned by institutional investors.
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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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