America's Car-Mart Coverage Initiated by Analysts at Jefferies Group (CRMT)
Investment analysts at Jefferies Group assumed coverage on shares of America's Car-Mart (NASDAQ:CRMT) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
In other America's Car-Mart news, Director John David Simmons sold 3,750 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $42.31, for a total value of $158,662.50. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on CRMT. Analysts at CL King upgraded shares of America's Car-Mart from a “neutral” rating to a “buy” rating in a research note on Friday, August 22nd. Separately, analysts at TheStreet upgraded shares of America's Car-Mart to a “buy” rating in a research note on Friday, August 15th. Finally, 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 research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $38.79.
America's Car-Mart (NASDAQ:CRMT) traded down 1.06% on Thursday, hitting $42.01. 62,421 shares of the company’s stock traded hands. America's Car-Mart has a 52 week low of $34.56 and a 52 week high of $47.93. The stock has a 50-day moving average of $39.06 and a 200-day moving average of $37.54. The company has a market cap of $364.6 million and a P/E ratio of 18.95.
America's Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.79 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.79 earnings per share. America's Car-Mart’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that America's Car-Mart will post $2.99 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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