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America's Car-Mart (NASDAQ:CRMT) was upgraded by investment analysts at CL King from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.

America's Car-Mart (NASDAQ:CRMT) traded up 0.93% on Friday, hitting $42.25. The stock had a trading volume of 146,500 shares. America's Car-Mart has a 1-year low of $34.56 and a 1-year high of $47.93. The stock has a 50-day moving average of $38.40 and a 200-day moving average of $37.21. The company has a market cap of $368.6 million and a P/E ratio of 18.68.

America's Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.17. The company had revenue of $127.00 million for the quarter, compared to the consensus estimate of $116.33 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts predict that America's Car-Mart will post $2.81 earnings per share for the current fiscal year.

A number of other firms have also recently commented on CRMT. Analysts at TheStreet upgraded shares of America's Car-Mart to a “buy” rating in a research note on Friday, August 15th. Analysts at Bank of America initiated coverage on shares of America's Car-Mart in a research note on Friday, July 18th. They set an “underperform” rating and a $37.57 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. America's Car-Mart has a consensus rating of “Hold” and a consensus price target of $36.86.

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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