Stephens Lowers America’s Car-Mart (NASDAQ:CRMT) Price Target to $113.00

America’s Car-Mart (NASDAQ:CRMTGet Rating) had its price objective cut by equities research analysts at Stephens from $138.00 to $113.00 in a research report issued on Wednesday, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the stock. Stephens’ price objective would indicate a potential upside of 13.02% from the stock’s current price.

Other analysts have also issued reports about the stock. StockNews.com assumed coverage on shares of America’s Car-Mart in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised America’s Car-Mart from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Bank of America lowered shares of America’s Car-Mart from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $191.00 to $123.00 in a report on Wednesday, April 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $133.92.

Shares of NASDAQ:CRMT opened at $99.98 on Wednesday. The company has a market cap of $643.87 million, a P/E ratio of 6.30, a P/E/G ratio of 0.45 and a beta of 1.35. The stock’s 50-day moving average is $83.95 and its 200-day moving average is $95.72. America’s Car-Mart has a 52-week low of $72.50 and a 52-week high of $177.45.

America’s Car-Mart (NASDAQ:CRMTGet Rating) last posted its quarterly earnings results on Monday, May 23rd. The company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.91. America’s Car-Mart had a net margin of 9.66% and a return on equity of 25.67%. The company had revenue of $351.84 million for the quarter, compared to analyst estimates of $309.55 million. During the same period last year, the business posted $6.19 EPS. Research analysts predict that America’s Car-Mart will post 12.78 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of CRMT. Magnolia Group LLC bought a new position in America’s Car-Mart in the 1st quarter worth approximately $32,745,000. Marshall Wace LLP raised its position in shares of America’s Car-Mart by 1,259.1% during the 4th quarter. Marshall Wace LLP now owns 93,654 shares of the company’s stock valued at $9,591,000 after acquiring an additional 86,763 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of America’s Car-Mart by 378.4% during the 4th quarter. JPMorgan Chase & Co. now owns 64,971 shares of the company’s stock valued at $6,654,000 after acquiring an additional 51,389 shares during the last quarter. WCM Investment Management LLC raised its position in shares of America’s Car-Mart by 19.6% during the 1st quarter. WCM Investment Management LLC now owns 297,569 shares of the company’s stock valued at $23,972,000 after acquiring an additional 48,763 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of America’s Car-Mart by 13.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 355,188 shares of the company’s stock valued at $28,615,000 after acquiring an additional 41,378 shares during the last quarter. Hedge funds and other institutional investors own 73.35% of the company’s stock.

About America’s Car-Mart (Get Rating)

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 April 30, 2021, it operated 151 dealerships in the South-Central United States. America's Car-Mart, Inc was founded in 1981 and is headquartered in Rogers, Arkansas.

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