Stock Worth Watching: Is America’s Car-Mart, Inc.’s Fuel Running Low? The Stock Reaches 52-Week High Today

Stock Worth Watching: Is America's Car Mart, Inc.'s Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of America’s Car-Mart, Inc. (NASDAQ:CRMT) hit a new 52-week high and has $58.07 target or 36.00% above today’s $42.70 share price. The 5 months bullish chart indicates low risk for the $330.58 million company. The 1-year high was reported on Nov, 18 by Barchart.com. If the $58.07 price target is reached, the company will be worth $119.01M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 83,940 shares traded hands or 50.86% 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.

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. $40 is the highest target while $26 is the lowest. The $34.33 average target is -19.60% below today’s ($42.7) stock price. America's Car-Mart has been the topic of 9 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Sidoti on Tuesday, March 15. As per Tuesday, May 24, the company rating was downgraded by Sidoti. The firm earned “Equal-Weight” rating on Tuesday, August 25 by Stephens. On Tuesday, August 25 the stock rating was downgraded by Zacks to “Hold”. The stock has “Hold” rating given by Jefferies on Monday, August 22. The rating was downgraded by CL King to “Neutral” on Friday, November 20. The stock of America’s Car-Mart, Inc. (NASDAQ:CRMT) has “Hold” rating given on Monday, August 24 by Jefferies. The stock has “Hold” rating given by Citigroup on Thursday, April 7. The firm has “Buy” rating given on Wednesday, October 19 by Bank of America.

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 improved, 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.
Northern Trust last reported 92,566 shares in the company. State Street has 129,063 shares for 0% of their US portfolio. Pnc Fincl Services last reported 0% of its portfolio in the stock. Federated Invsts Pa reported 28,359 shares or 0% of all its holdings. Jacobs Levy Equity Mgmt has 0.01% invested in the company for 15,256 shares. California State Teachers Retirement Sys, a California-based fund reported 16,547 shares. Vanguard Grp Incorporated has 306,576 shares for 0% of their US portfolio. Tower Ltd Llc (Trc) last reported 0% of its portfolio in the stock. Wells Fargo & Co Mn reported 3,533 shares or 0% of all its holdings. Blackrock Inc reported 1,967 shares or 0% of all its holdings. Morgan Stanley last reported 0% of its portfolio in the stock. Moreover, Geode Cap Mgmt Limited Liability Corporation has 0% invested in America’s Car-Mart, Inc. (NASDAQ:CRMT) for 55,091 shares. Dimensional Fund Advisors Limited Partnership accumulated 420,315 shares or 0.01% of the stock. Tiaa Cref Inv Mgmt Ltd Liability Com reported 24,028 shares or 0% of all its holdings. Eidelman Virant holds 24,700 shares or 0.43% of its portfolio.

Insider Transactions: Since May 24, 2016, the stock had 1 insider buy, and 8 sales for $1.51 million net activity. HIGHT EDDIE L sold $200,000 worth of America’s Car-Mart, Inc. (NASDAQ:CRMT) on Wednesday, August 24. Shares for $288,000 were sold by SIMMONS JOHN DAVID. Another trade for 7,500 shares valued at $300,375 was made by HENDERSON WILLIAM H on Thursday, October 20. von Gremp Jim bought $42,660 worth of stock.

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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