The stock of America’s Car-Mart, Inc. (NASDAQ:CRMT) is a huge mover today! About 134,155 shares traded hands or 141.10% up from the average. America’s Car-Mart, Inc. (NASDAQ:CRMT) has risen 59.48% since April 18, 2016 and is uptrending. It has outperformed by 55.05% the S&P500.
The move comes after 6 months positive chart setup for the $334.64 million company. It was reported on Nov, 18 by Barchart.com. We have $119.72 PT which if reached, will make NASDAQ:CRMT worth $592.31 million more.
America’s Car-Mart, Inc. (NASDAQ:CRMT) Ratings Coverage
Out of 6 analysts covering America's Car-Mart (NASDAQ:CRMT), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. America's Car-Mart has been the topic of 9 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock of America’s Car-Mart, Inc. (NASDAQ:CRMT) earned “Buy” rating by Sidoti on Tuesday, March 15. Sidoti downgraded America’s Car-Mart, Inc. (NASDAQ:CRMT) on Tuesday, May 24 to “Neutral” rating. Bank of America upgraded the shares of CRMT in a report on Wednesday, October 19 to “Buy” rating. The firm has “Equal-Weight” rating by Stephens given on Tuesday, August 25. The firm has “Hold” rating given on Monday, August 22 by Jefferies. The rating was downgraded by Zacks to “Hold” on Tuesday, August 25. CL King downgraded America’s Car-Mart, Inc. (NASDAQ:CRMT) on Friday, November 20 to “Neutral” rating. Citigroup maintained the shares of CRMT in a report on Thursday, April 7 with “Hold” rating. The firm has “Hold” rating given on Monday, August 24 by Jefferies.
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 increased to 0.97 in 2016 Q2. Its up 0.36, from 0.61 in 2016Q1. The ratio increased, 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.
Nationwide Fund Advsrs reported 5,371 shares or 0% of all its holdings. Goldman Sachs Group Inc Inc has 19,393 shares for 0% of their US portfolio. Royal Fincl Bank Of Canada reported 12,004 shares or 0% of all its holdings. California Public Employees Retirement has 22,100 shares for 0% of their US portfolio. Teachers Advsr holds 12,011 shares or 0% of its portfolio. Bank & Trust Of Montreal Can reported 208,805 shares or 0.01% of all its holdings. Barclays Public Limited holds 24 shares or 0% of its portfolio. Deutsche National Bank Ag last reported 0% of its portfolio in the stock. Horrell Cap reported 27,000 shares or 0.42% of all its holdings. Moreover, Hutchin Hill Ltd Partnership has 0.01% invested in America’s Car-Mart, Inc. (NASDAQ:CRMT) for 13,874 shares. Invesco last reported 1.69 million shares in the company. Pnc Fin Services, a Pennsylvania-based fund reported 76 shares. Rhumbline Advisers accumulated 10,935 shares or 0% of the stock. Nantahala Cap Mngmt has 228,156 shares for 0.7% of their US portfolio. Legal General Group Public Limited Liability Company owns 1,516 shares or 0% of their US portfolio.
Insider Transactions: Since May 24, 2016, the stock had 1 buying transaction, and 8 insider sales for $1.51 million net activity. SIMMONS JOHN DAVID sold $288,000 worth of stock. $201,150 worth of America’s Car-Mart, Inc. (NASDAQ:CRMT) was sold by HIGHT EDDIE L. Shares for $198,540 were sold by HENDERSON WILLIAM H. On Tuesday, May 24 von Gremp Jim bought $42,660 worth of the stock or 2,000 shares.
Another recent and important America’s Car-Mart, Inc. (NASDAQ:CRMT) news was published by Nasdaq.com which published an article titled: “Is a Surprise Coming for America’s Car-Mart (CRMT) This Earnings Season?” on November 16, 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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