Stephens analyst Vincent Caintic reiterated a Hold rating on America’s Car-Mart (NASDAQ: CRMT) today and set a price target of $84. The company’s shares closed on Friday at $81.55, close to its 52-week high of $81.95.
According to TipRanks.com, Caintic is a 1-star analyst with an average return of -1.4% and a 45.8% success rate. Caintic covers the Financial sector, focusing on stocks such as Discover Financial Services, Curo Group Holdings Corp, and Enova International Inc.
America’s Car-Mart has an analyst consensus of Moderate Buy, with a price target consensus of $83, implying a 1.8% upside from current levels. In a report issued on August 17, Jefferies also reiterated a Hold rating on the stock with a $82 price target.
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Based on America’s Car-Mart’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $10.88 million. In comparison, last year the company had a net profit of $6.99 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Robert Cameron Smith, a Director at CRMT sold 22,500 shares for a total of $1,400,850.
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America’s Car-Mart, Inc. operates as an automotive retailer. It engages in selling older model used vehicles and provides financing. The company was founded in 1981 and is headquartered in Bentonville, AR.
