Somewhat Favorable Media Coverage Somewhat Unlikely to Impact America’s Car-Mart (CRMT) Share Price
News articles about America’s Car-Mart (NASDAQ:CRMT) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. America’s Car-Mart earned a news impact score of 0.17 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.8920670811307 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s rankings:
- Carvana (CVNA) and America’s Car-Mart (CRMT) Critical Survey (americanbankingnews.com)
- ETFs with exposure to America’s Car-Mart, Inc. : December 13, 2017 (finance.yahoo.com)
- Comparing Carvana (CVNA) and America’s Car-Mart (CRMT) (americanbankingnews.com)
- America’s Car-Mart, Inc. :CRMT-US: Earnings Analysis: Q2, 2018 By the Numbers : December 12, 2017 (finance.yahoo.com)
A number of equities analysts have weighed in on the stock. Jefferies Group reiterated a “hold” rating and issued a $41.00 price target on shares of America’s Car-Mart in a report on Friday, August 18th. Stephens assumed coverage on shares of America’s Car-Mart in a report on Wednesday, August 23rd. They issued an “equal weight” rating and a $42.00 price target on the stock. Zacks Investment Research lowered shares of America’s Car-Mart from a “hold” rating to a “strong sell” rating in a report on Monday, October 23rd. Finally, ValuEngine lowered shares of America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd.
America’s Car-Mart (CRMT) opened at $44.35 on Thursday. The firm has a market cap of $317.82, a price-to-earnings ratio of 16.10 and a beta of 0.94. America’s Car-Mart has a 1-year low of $30.20 and a 1-year high of $49.40.
America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, November 16th. The company reported $0.79 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. The business had revenue of $149.12 million for the quarter, compared to analyst estimates of $149.63 million. America’s Car-Mart had a net margin of 3.58% and a return on equity of 9.09%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 EPS. research analysts forecast that America’s Car-Mart will post 3.04 earnings per share for the current year.
America’s Car-Mart declared that its board has authorized a stock buyback plan on Thursday, November 16th that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In other America’s Car-Mart news, Director Robert Cameron Smith sold 1,875 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $48.61, for a total value of $91,143.75. Following the transaction, the director now owns 3,550 shares in the company, valued at approximately $172,565.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William H. Henderson sold 6,250 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.65, for a total transaction of $254,062.50. Following the completion of the transaction, the chief executive officer now owns 93,440 shares in the company, valued at approximately $3,798,336. The disclosure for this sale can be found here. Insiders have sold a total of 10,725 shares of company stock worth $471,150 in the last 90 days. Company insiders own 11.70% of the company’s stock.
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About America’s Car-Mart
America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations 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).
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