America’s Car-Mart (NASDAQ:CRMT) Sees Strong Trading Volume

America’s Car-Mart, Inc. (NASDAQ:CRMT) shares saw strong trading volume on Wednesday . 1,433,191 shares were traded during mid-day trading, an increase of 1,157% from the previous session’s volume of 114,044 shares.The stock last traded at $120.52 and had previously closed at $117.15.

Several equities analysts have weighed in on the company. Janney Montgomery Scott lowered America’s Car-Mart from a “buy” rating to a “neutral” rating in a research note on Thursday. ValuEngine raised America’s Car-Mart from a “strong sell” rating to a “sell” rating in a research note on Monday. Zacks Investment Research increased their target price on America’s Car-Mart to $113.25 in a research note on Friday, December 20th. Finally, BidaskClub lowered America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. America’s Car-Mart has an average rating of “Hold” and an average target price of $108.31.

The firm has a fifty day simple moving average of $110.23 and a 200-day simple moving average of $97.71. The company has a market capitalization of $772.76 million, a P/E ratio of 15.07, a P/E/G ratio of 1.96 and a beta of 0.89. The company has a quick ratio of 1.79, a current ratio of 1.97 and a debt-to-equity ratio of 0.14.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Monday, November 18th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.15. America’s Car-Mart had a return on equity of 20.59% and a net margin of 7.84%. The company had revenue of $190.00 million during the quarter, compared to the consensus estimate of $173.47 million. During the same period in the prior year, the company earned $1.58 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, sell-side analysts predict that America’s Car-Mart, Inc. will post 8.12 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can bought a new stake in shares of America’s Car-Mart in the fourth quarter worth about $35,000. Tower Research Capital LLC TRC increased its holdings in shares of America’s Car-Mart by 713.5% in the third quarter. Tower Research Capital LLC TRC now owns 724 shares of the company’s stock worth $66,000 after acquiring an additional 635 shares in the last quarter. Cutler Group LP increased its holdings in shares of America’s Car-Mart by 23.8% in the third quarter. Cutler Group LP now owns 990 shares of the company’s stock worth $90,000 after acquiring an additional 190 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of America’s Car-Mart in the third quarter worth about $91,000. Finally, Bailard Inc. bought a new stake in shares of America’s Car-Mart in the fourth quarter worth about $208,000. Institutional investors own 77.23% of the company’s stock.

About America’s Car-Mart (NASDAQ:CRMT)

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 February 26, 2019, it operated 144 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

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