Stock Worth Mentioning: Is America’s Car-Mart, Inc. a Buy? The Stock Rises Again

Stock Worth Mentioning: Is America's Car Mart, Inc. a Buy? The Stock Rises Again

The stock of America’s Car-Mart, Inc. (NASDAQ:CRMT) is a huge mover today! About 135,950 shares traded hands or 213.26% up from the average. America’s Car-Mart, Inc. (NASDAQ:CRMT) has risen 44.35% since March 16, 2016 and is uptrending. It has outperformed by 38.81% the S&P500.
The move comes after 8 months positive chart setup for the $321.33M company. It was reported on Oct, 19 by Barchart.com. We have $112.05 PT which if reached, will make NASDAQ:CRMT worth $546.26M more.

America’s Car-Mart, Inc. (NASDAQ:CRMT) Ratings Coverage

Out of 5 analysts covering America's Car-Mart (NASDAQ:CRMT), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. America's Car-Mart has been the topic of 8 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, March 15 by Sidoti. The stock of America’s Car-Mart, Inc. (NASDAQ:CRMT) earned “Hold” rating by Zacks on Tuesday, August 25. The rating was downgraded by CL King on Friday, November 20 to “Neutral”. On Tuesday, August 25 the stock rating was maintained by Stephens with “Equal-Weight”. The company was downgraded on Tuesday, May 24 by Sidoti. Jefferies maintained it with “Hold” rating and $37 target price in Monday, August 22 report. The stock has “Hold” rating given by Citigroup on Thursday, April 7. Jefferies maintained America’s Car-Mart, Inc. (NASDAQ:CRMT) rating on Monday, August 24. Jefferies has “Hold” rating and $38 price target.

According to Zacks Investment Research, “America’s Car-Mart operates automotive dealerships and is one of the largest automotive retailers in the United States focused exclusively on the Buy Here/Pay Here segment of the used car market. The Company operates its dealerships primarily in small cities and rural locations throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers.”

Insitutional Activity: The institutional sentiment decreased to 0.61 in 2016 Q2. Its down 1.06, from 1.67 in 2016Q1. The ratio worsened, as 9 funds sold all America’s Car-Mart, Inc. shares owned while 27 reduced positions. 9 funds bought stakes while 13 increased positions. They now own 6.57 million shares or 6.67% less from 7.04 million shares in 2016Q1.
Metropolitan Life Insur Ny holds 5,787 shares or 0% of its portfolio. Vanguard accumulated 0% or 306,576 shares. Blackrock Fund Advsrs, a California-based fund reported 202,610 shares. Great West Life Assurance Can holds 0% or 699 shares in its portfolio. Invesco Ltd owns 1.69 million shares or 0.02% of their US portfolio. First Commercial Bank Sioux Falls last reported 69 shares in the company. Counsel Port Inc accumulated 61,658 shares or 0.17% of the stock. Credit Suisse Ag last reported 11,198 shares in the company. Blackrock Advsrs Ltd Limited Liability Company holds 0% of its portfolio in America’s Car-Mart, Inc. (NASDAQ:CRMT) for 3,879 shares. Pub Employees Retirement Association Of Colorado holds 0% of its portfolio in America’s Car-Mart, Inc. (NASDAQ:CRMT) for 5,351 shares. Barrow Hanley Mewhinney Strauss owns 38,408 shares or 0% of their US portfolio. Federated Incorporated Pa, a Pennsylvania-based fund reported 28,359 shares. Geode Cap Management Limited Liability Company last reported 55,091 shares in the company. National Bank & Trust Of New York Mellon, a New York-based fund reported 46,311 shares. Sunbelt Secs Inc accumulated 0% or 100 shares.

Insider Transactions: Since May 24, 2016, the stock had 1 insider purchase, and 7 sales for $1.21 million net activity. 7,500 America’s Car-Mart, Inc. (NASDAQ:CRMT) shares with value of $288,000 were sold by SIMMONS JOHN DAVID. 2,000 America’s Car-Mart, Inc. (NASDAQ:CRMT) shares with value of $42,660 were bought by von Gremp Jim. On Thursday, September 8 HIGHT EDDIE L sold $201,150 worth of the stock or 5,000 shares. Shares for $148,888 were sold by HENDERSON WILLIAM H on Tuesday, September 20.

More important recent America’s Car-Mart, Inc. (NASDAQ:CRMT) news were published by: Benzinga.com which released: “Benzinga’s Volume Movers” on October 19, 2016, also Investorplace.com published article titled: “Trade In Your Old Auto Stocks For America’s Car-Mart, Inc. (CRMT)”, Quotes.Wsj.com published: “News America’s Car-Mart Inc.CRMT” on February 11, 2011. More interesting news about America’s Car-Mart, Inc. (NASDAQ:CRMT) was released by: Globenewswire.com and their article: “America’s Car-Mart, Inc. Schedules Release of Third Quarter 2016 Results and …” with publication date: February 02, 2016.

CRMT Company Profile

America’s Car-Mart, Inc., incorporated on August 23, 1989, is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Firm conducts its activities 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). The Firm primarily sells older model used vehicles and provides financing for all of its customers. As of April 30, 2016, the Company operated 143 dealerships located primarily in small cities throughout the South-Central United States.

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