Share on StockTwits

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, 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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.