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Investment analysts at Jefferies Group lowered their target price on shares of America’s Car-Mart (NASDAQ:CRMT) from $38.00 to $33.00 in a note issued to investors on Thursday, Stock Ratings Network.com reports. Jefferies Group’s price objective suggests a potential downside of 7.61% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at EVA Dimensions LLC downgraded shares of America’s Car-Mart from a “hold” rating to an “underweight” rating in a research note on Wednesday. Separately, analysts at Zacks upgraded shares of America’s Car-Mart from an “underperform” rating to a “neutral” rating in a research note on Monday, January 27th. They now have a $43.50 price target on the stock. Finally, analysts at Zacks downgraded shares of America’s Car-Mart from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 27th. They now have a $39.00 price target on the stock. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. America’s Car-Mart presently has a consensus rating of “Hold” and a consensus target price of $38.83.

America’s Car-Mart (NASDAQ:CRMT) remained flat at $35.72 during trading on Thursday. The stock had a trading volume of 302,512 shares. America’s Car-Mart has a 1-year low of $34.56 and a 1-year high of $50.59. The stock has a 50-day moving average of $39.98 and a 200-day moving average of $42.41. The company has a market cap of $322.1 million and a P/E ratio of 11.26.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Tuesday, February 18th. The company reported $0.68 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.70 by $0.02. On average, analysts predict that America’s Car-Mart will post $3.02 earnings per share for the current fiscal year.

America’s Car-Mart, Inc is an automotive retailer in the United States focused on the integrated auto sales and finance segment of the used car market.

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