America’s Car-Mart (NASDAQ:CRMT) Downgraded by BidaskClub

BidaskClub downgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a buy rating to a hold rating in a report issued on Tuesday, BidAskClub reports.

A number of other analysts have also recently issued reports on the company. Zacks Investment Research boosted their target price on America’s Car-Mart to $113.25 in a report on Friday, December 20th. ValuEngine upgraded America’s Car-Mart from a strong sell rating to a sell rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. America’s Car-Mart presently has a consensus rating of Hold and an average target price of $108.31.

CRMT opened at $117.97 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.97 and a quick ratio of 1.79. The stock has a market capitalization of $779.19 million, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.96 and a beta of 0.89. The business has a 50-day moving average of $110.23 and a two-hundred day moving average of $97.71. America’s Car-Mart has a 12 month low of $79.95 and a 12 month high of $121.88.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Monday, November 18th. The company reported $2.00 EPS for the quarter, beating the 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 company had revenue of $190.00 million during the quarter, compared to analysts’ expectations of $173.47 million. During the same quarter in the previous year, the business earned $1.58 EPS. The firm’s revenue was up 13.8% on a year-over-year basis. Equities research analysts anticipate that America’s Car-Mart will post 8.12 earnings per share for the current year.

Large investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. acquired a new stake in America’s Car-Mart in the fourth quarter worth $442,000. Knights of Columbus Asset Advisors LLC acquired a new stake in America’s Car-Mart in the fourth quarter worth $1,866,000. UBS Group AG increased its position in America’s Car-Mart by 12.7% in the fourth quarter. UBS Group AG now owns 61,288 shares of the company’s stock worth $6,721,000 after buying an additional 6,886 shares during the period. SG Capital Management LLC acquired a new stake in America’s Car-Mart in the fourth quarter worth $12,781,000. Finally, Cim LLC acquired a new stake in America’s Car-Mart in the fourth quarter worth $214,000. Institutional investors and hedge funds own 77.23% 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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