Jefferies Financial Group Cuts America’s Car-Mart (NASDAQ:CRMT) Price Target to $14.00

America’s Car-Mart (NASDAQ:CRMT) had its target price lowered by Jefferies Financial Group from $29.00 to $14.00 in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a hold rating on the stock.

Several other equities analysts have also issued reports on CRMT. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of America’s Car-Mart in a report on Monday, December 29th. Wall Street Zen downgraded America’s Car-Mart from a “hold” rating to a “sell” rating in a report on Friday, November 28th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, America’s Car-Mart presently has a consensus rating of “Hold” and a consensus price target of $29.50.

America’s Car-Mart Price Performance

Shares of NASDAQ CRMT opened at $12.18 on Tuesday. The business has a 50-day moving average of $22.36 and a two-hundred day moving average of $25.20. The company has a market capitalization of $101.09 million, a price-to-earnings ratio of -1.07 and a beta of 1.16. America’s Car-Mart has a 1 year low of $11.04 and a 1 year high of $62.72.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Thursday, March 12th. The company reported ($1.53) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($1.27). America’s Car-Mart had a negative return on equity of 2.63% and a negative net margin of 6.99%.The company had revenue of $222.62 million for the quarter, compared to analysts’ expectations of $329.26 million. As a group, equities research analysts expect that America’s Car-Mart will post 0.86 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CRMT. Rockefeller Capital Management L.P. purchased a new stake in shares of America’s Car-Mart in the fourth quarter valued at about $520,000. Invesco Ltd. grew its holdings in shares of America’s Car-Mart by 8.8% during the fourth quarter. Invesco Ltd. now owns 17,796 shares of the company’s stock worth $450,000 after buying an additional 1,441 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of America’s Car-Mart during the fourth quarter worth about $898,000. Bridgeway Capital Management LLC acquired a new position in America’s Car-Mart in the 4th quarter valued at about $303,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in America’s Car-Mart in the 4th quarter valued at about $275,000. 89.10% of the stock is owned by hedge funds and other institutional investors.

About America’s Car-Mart

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.