America’s Car-Mart (NASDAQ:CRMT) Price Target Cut to $72.00 by Analysts at Stephens

America’s Car-Mart (NASDAQ:CRMTGet Rating) had its price objective reduced by Stephens to $72.00 in a research report sent to investors on Monday morning, Stock Target Advisor reports.

Separately, StockNews.com cut America’s Car-Mart from a hold rating to a sell rating in a research report on Friday.

America’s Car-Mart Stock Down 1.0 %

Shares of NASDAQ CRMT opened at $69.32 on Monday. The stock has a market capitalization of $441.43 million, a price-to-earnings ratio of 7.49 and a beta of 1.39. The stock’s fifty day simple moving average is $66.02 and its 200 day simple moving average is $85.41. America’s Car-Mart has a 52-week low of $52.24 and a 52-week high of $127.05.

Institutional Trading of America’s Car-Mart

A number of institutional investors have recently bought and sold shares of the company. Magnolia Group LLC boosted its position in America’s Car-Mart by 27.0% during the third quarter. Magnolia Group LLC now owns 582,291 shares of the company’s stock valued at $35,531,000 after purchasing an additional 123,899 shares during the last quarter. FMR LLC boosted its position in America’s Car-Mart by 1.5% during the second quarter. FMR LLC now owns 423,049 shares of the company’s stock valued at $42,558,000 after purchasing an additional 6,407 shares during the last quarter. Vanguard Group Inc. raised its holdings in America’s Car-Mart by 2.3% during the third quarter. Vanguard Group Inc. now owns 412,537 shares of the company’s stock valued at $25,173,000 after buying an additional 9,204 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in America’s Car-Mart by 13.2% during the first quarter. Dimensional Fund Advisors LP now owns 355,188 shares of the company’s stock valued at $28,615,000 after buying an additional 41,378 shares in the last quarter. Finally, WCM Investment Management LLC raised its holdings in America’s Car-Mart by 19.6% during the first quarter. WCM Investment Management LLC now owns 297,569 shares of the company’s stock valued at $23,972,000 after buying an additional 48,763 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

About America’s Car-Mart

(Get Rating)

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. It primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2022, the company operated 154 dealerships in the South-Central United States. The company was founded in 1981 and is based in Rogers, Arkansas.

See Also

Receive News & Ratings for America's Car-Mart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America's Car-Mart and related companies with MarketBeat.com's FREE daily email newsletter.