America’s Car-Mart (NASDAQ:CRMT) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.
CRMT has been the topic of several other reports. BidaskClub lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Zacks Investment Research raised 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. 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 investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. America’s Car-Mart presently has a consensus rating of “Buy” and an average target price of $49.00.
CRMT opened at $53.45 on Tuesday. The firm has a market cap of $367.38, a PE ratio of 17.64 and a beta of 0.86. America’s Car-Mart has a 52-week low of $33.05 and a 52-week high of $53.85.
In related news, Director William H. Henderson sold 11,546 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $49.50, for a total value of $571,527.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William H. Henderson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $49.34, for a total value of $740,100.00. Following the completion of the sale, the director now directly owns 147,794 shares in the company, valued at $7,292,155.96. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock worth $1,484,327 over the last ninety days. 11.70% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in CRMT. WCM Investment Management CA boosted its stake in America’s Car-Mart by 85.5% in the fourth quarter. WCM Investment Management CA now owns 388,282 shares of the company’s stock valued at $17,337,000 after buying an additional 178,935 shares in the last quarter. SG Capital Management LLC acquired a new stake in shares of America’s Car-Mart during the fourth quarter valued at about $5,043,000. Goldman Sachs Group Inc. boosted its stake in shares of 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 valued at $3,242,000 after purchasing an additional 25,656 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of America’s Car-Mart during the fourth quarter valued at about $691,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of America’s Car-Mart during the fourth quarter valued at about $658,000. 82.35% of the stock is currently owned by institutional investors and hedge funds.
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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 April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.
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