News articles about America's Car-Mart (NASDAQ:CRMT) have trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. America's Car-Mart earned a news impact score of 0.01 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.4130082403348 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
CRMT has been the subject of several recent research reports. Zacks Investment Research upgraded shares of America's Car-Mart from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Wednesday, January 17th. ValuEngine upgraded shares of America's Car-Mart from a “hold” rating to a “buy” rating in a research report on Saturday, February 17th. BidaskClub upgraded shares of America's Car-Mart from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Stephens set a $50.00 target price on shares of America's Car-Mart and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Finally, Jefferies Group increased their target price on shares of America's Car-Mart from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, November 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. America's Car-Mart presently has a consensus rating of “Buy” and a consensus target price of $49.00.
America's Car-Mart (NASDAQ:CRMT) opened at $49.95 on Wednesday. The stock has a market cap of $347.31, a PE ratio of 11.98 and a beta of 0.88. America's Car-Mart has a 12-month low of $31.85 and a 12-month high of $51.65.
America's Car-Mart declared that its Board of Directors has initiated a share buyback plan on Thursday, November 16th that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In other news, Director William H. Henderson sold 3,454 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $50.00, for a total transaction of $172,700.00. Following the completion of the transaction, the director now owns 137,190 shares in the company, valued at approximately $6,859,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William H. Henderson sold 11,546 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $49.50, for a total transaction of $571,527.00. The disclosure for this sale can be found here. Corporate insiders own 11.70% of the company’s stock.
America's Car-Mart Company Profile
America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).
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