Does America's Car-Mart, Inc. (CRMT) Have Any Gas After Forming This Double Top?

September 16, 2018 - By Eugene Smith

America's Car-Mart, Inc. (NASDAQ:CRMT) Logo

Investors sentiment increased to 1.38 in Q2 2018. Its up 0.53, from 0.85 in 2018Q1. It is positive, as 5 investors sold America's Car-Mart, Inc. shares while 29 reduced holdings. 28 funds opened positions while 19 raised stakes. 3.93 million shares or 6.44% less from 4.20 million shares in 2018Q1 were reported.
California State Teachers Retirement, California-based fund reported 9,017 shares. Landscape Cap Mgmt Ltd Liability Com invested in 10,352 shares. Cubist Systematic Strategies Ltd has invested 0.02% in America's Car-Mart, Inc. (NASDAQ:CRMT). Morgan Stanley stated it has 81,845 shares. Brandywine Global Investment Limited Liability Company reported 0% stake. Art Advsrs Ltd Limited Liability Company reported 0.02% in America's Car-Mart, Inc. (NASDAQ:CRMT). Connor Clark And Lunn Inv Management Limited invested in 7,800 shares or 0% of the stock. Wcm Invest Mgmt Ca invested 0.08% in America's Car-Mart, Inc. (NASDAQ:CRMT). State Board Of Administration Of Florida Retirement holds 5,837 shares. Barclays Public Ltd Co, United Kingdom-based fund reported 1,010 shares. 4,381 are held by Tower Rech Ltd Liability Com (Trc). Amer Group has invested 0% in America's Car-Mart, Inc. (NASDAQ:CRMT). Geode Cap Mngmt Limited Liability reported 65,343 shares. Manufacturers Life Ins The owns 4,699 shares. Financial Bank Of America Corporation De reported 35,391 shares.

Since March 30, 2018, it had 1 insider buy, and 10 insider sales for $16.34 million activity. Another trade for 15,000 shares valued at $740,100 was made by HENDERSON WILLIAM H on Friday, March 30. MAGNOLIA CAPITAL FUND – LP sold $2.93M worth of America's Car-Mart, Inc. (NASDAQ:CRMT) on Tuesday, June 26. On Tuesday, September 4 DILLON RAY C bought $62,558 worth of America's Car-Mart, Inc. (NASDAQ:CRMT) or 750 shares. $165,415 worth of America's Car-Mart, Inc. (NASDAQ:CRMT) was sold by Judy Vickie D. on Monday, June 18.

The chart of America's Car-Mart, Inc. (CRMT) shows a double top with $90.09 target or 9.00 % above today’s $82.65 share price. The 9 months chart pattern indicates low risk for the $568.91 million company. It was reported on Sep, 16 by Finviz.com. If the $90.09 price target is reached, the company will be worth $51.20M more. Double tops are rare but powerful chart patterns.

The stock increased 0.24% or $0.2 during the last trading session, reaching $82.65. About 45,524 shares traded. America's Car-Mart, Inc. (NASDAQ:CRMT) has risen 109.07% since September 16, 2017 and is uptrending. It has outperformed by 93.45% the S&P500.

Analysts await America's Car-Mart, Inc. (NASDAQ:CRMT) to report earnings on November, 15. They expect $1.05 earnings per share, up 32.91 % or $0.26 from last year’s $0.79 per share. CRMT’s profit will be $7.23M for 19.68 P/E if the $1.05 EPS becomes a reality. After $1.53 actual earnings per share reported by America's Car-Mart, Inc. for the previous quarter, Wall Street now forecasts -31.37 % negative EPS growth.

America's Car-Mart, Inc. (NASDAQ:CRMT) Ratings Coverage

Among 2 analysts covering America’s Car-Mart (NASDAQ:CRMT), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. America’s Car-Mart had 3 analyst reports since May 23, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, May 23 by Janney Capital. Bank of America maintained the stock with “Buy” rating in Thursday, September 6 report. The company was upgraded on Monday, August 20 by Janney Capital.

Another recent and important America's Car-Mart, Inc. (NASDAQ:CRMT) news was published by 247Wallst.com which published an article titled: “Top Analyst Upgrades and Downgrades: Applied Materials, Baker Hughes, Bloom Energy, Constellation Brands …” on August 20, 2018.

America's Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company has market cap of $568.91 million. The firm primarily sells older model used vehicles and provides financing for its customers. It has a 14.91 P/E ratio. As of April 30, 2017, it operated 140 dealerships in 11 states in the South-Central United States.

America's Car-Mart, Inc. (NASDAQ:CRMT) Ratings Chart

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