America’s Car-Mart (NASDAQ:CRMT) Given New $14.00 Price Target at Jefferies Financial Group

America’s Car-Mart (NASDAQ:CRMT) had its target price decreased by Jefferies Financial Group from $29.00 to $14.00 in a research report sent to investors on Tuesday morning, MarketBeat reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other equities analysts also recently commented on CRMT. Weiss Ratings reiterated a “sell (e+)” rating on shares of America’s Car-Mart in a research note on Monday, December 29th. Wall Street Zen lowered America’s Car-Mart from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $29.50.

America’s Car-Mart Stock Performance

CRMT opened at $12.15 on Tuesday. The firm has a market cap of $100.85 million, a P/E ratio of -1.07 and a beta of 1.16. The firm has a 50-day moving average of $22.97 and a 200 day moving average of $25.39. America’s Car-Mart has a fifty-two week low of $12.00 and a fifty-two week high of $62.72.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Thursday, March 12th. The company reported ($1.53) EPS for the quarter, missing the consensus estimate of ($0.26) by ($1.27). The company had revenue of $222.62 million during the quarter, compared to the consensus estimate of $329.26 million. America’s Car-Mart had a negative return on equity of 2.63% and a negative net margin of 6.99%. Equities research analysts predict that America’s Car-Mart will post 0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On America’s Car-Mart

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRMT. Jones Financial Companies Lllp boosted its position in shares of America’s Car-Mart by 492.5% during the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after buying an additional 990 shares during the last quarter. Aquatic Capital Management LLC lifted its stake in America’s Car-Mart by 48.2% during the 3rd quarter. Aquatic Capital Management LLC now owns 3,699 shares of the company’s stock valued at $108,000 after acquiring an additional 1,203 shares during the period. Deutsche Bank AG lifted its stake in America’s Car-Mart by 12.1% during the 4th quarter. Deutsche Bank AG now owns 4,450 shares of the company’s stock valued at $112,000 after acquiring an additional 482 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of America’s Car-Mart by 264.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock valued at $135,000 after acquiring an additional 1,747 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of America’s Car-Mart during the 3rd quarter valued at about $137,000. 89.10% of the stock is owned by institutional investors.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.