Janney Montgomery Scott Lowers America’s Car-Mart (NASDAQ:CRMT) to Neutral

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America’s Car-Mart (NASDAQ:CRMT) was downgraded by stock analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports.

A number of other brokerages also recently weighed in on CRMT. BidaskClub downgraded shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine raised shares of America’s Car-Mart from a “strong sell” rating to a “sell” rating in a report on Monday, February 10th. Finally, Zacks Investment Research increased their price target on shares of America’s Car-Mart to $113.25 in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $108.31.

Shares of America’s Car-Mart stock opened at $117.97 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.97 and a quick ratio of 1.79. America’s Car-Mart has a fifty-two week low of $79.95 and a fifty-two week high of $121.88. The firm has a fifty day moving average price of $110.23 and a two-hundred day moving average price of $97.71. The company has a market cap of $798.26 million, a PE ratio of 15.07, a price-to-earnings-growth ratio of 2.02 and a beta of 0.89.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Monday, November 18th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.15. America’s Car-Mart had a net margin of 7.84% and a return on equity of 20.59%. The firm 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 firm earned $1.58 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Analysts expect that America’s Car-Mart will post 8.12 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Horrell Capital Management Inc. lifted its holdings in shares of America’s Car-Mart by 0.4% during the 4th quarter. Horrell Capital Management Inc. now owns 30,990 shares of the company’s stock worth $3,398,000 after acquiring an additional 114 shares during the period. California State Teachers Retirement System lifted its holdings in shares of America’s Car-Mart by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 9,728 shares of the company’s stock worth $892,000 after acquiring an additional 117 shares during the period. Wakefield Asset Management LLLP lifted its holdings in shares of America’s Car-Mart by 2.0% during the 3rd quarter. Wakefield Asset Management LLLP now owns 6,590 shares of the company’s stock worth $604,000 after acquiring an additional 129 shares during the period. Cutler Group LP lifted its holdings in shares of America’s Car-Mart by 23.8% during the 3rd quarter. Cutler Group LP now owns 990 shares of the company’s stock worth $90,000 after acquiring an additional 190 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of America’s Car-Mart by 3.2% during the 3rd quarter. SG Americas Securities LLC now owns 7,533 shares of the company’s stock worth $691,000 after acquiring an additional 236 shares during the period. 77.23% of the stock is owned by institutional investors.

America’s Car-Mart Company Profile

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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