Fintel reports that on July 17, 2023, Stephens & Co. upgraded their outlook for Americas Car Mart (NASDAQ:CRMT) from Equal-Weight to Overweight .
Analyst Price Forecast Suggests 37.49% Downside
As of July 6, 2023, the average one-year price target for Americas Car Mart is 74.72. The forecasts range from a low of 60.60 to a high of $88.20. The average price target represents a decrease of 37.49% from its latest reported closing price of 119.53.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Americas Car Mart is 1,497MM, an increase of 8.78%. The projected annual non-GAAP EPS is 7.34.
What is the Fund Sentiment?
There are 346 funds or institutions reporting positions in Americas Car Mart. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to CRMT is 0.16%, a decrease of 16.73%. Total shares owned by institutions increased in the last three months by 0.57% to 6,724K shares. 
The put/call ratio of CRMT is 0.52, indicating a bullish outlook.
What are Other Shareholders Doing?
Magnolia Group holds 726K shares representing 11.39% ownership of the company. No change in the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 420K shares representing 6.59% ownership of the company. In it's prior filing, the firm reported owning 429K shares, representing a decrease of 2.29%. The firm increased its portfolio allocation in CRMT by 4.13% over the last quarter.
FSCRX - Fidelity Small Cap Discovery Fund holds 319K shares representing 5.01% ownership of the company. In it's prior filing, the firm reported owning 300K shares, representing an increase of 5.93%. The firm increased its portfolio allocation in CRMT by 6.85% over the last quarter.
Ranger Investment Management holds 284K shares representing 4.46% ownership of the company. In it's prior filing, the firm reported owning 272K shares, representing an increase of 4.25%. The firm increased its portfolio allocation in CRMT by 3.35% over the last quarter.
Wcm Investment Management holds 246K shares representing 3.86% ownership of the company. In it's prior filing, the firm reported owning 245K shares, representing an increase of 0.39%. The firm increased its portfolio allocation in CRMT by 20.16% over the last quarter.
Americas Car Mart Background Information
(This description is provided by the company.)
America's Car-Mart, Inc. operates automotive dealerships in twelve states and is one of the largest publicly held automotive retailers in the United States focused exclusively on the 'Integrated Auto Sales and Finance' segment of the used car market. The Company emphasizes superior customer service and the building of strong personal relationships with its customers. The Company operates its dealerships primarily in smaller cities throughout the South-Central United States selling quality used vehicles and providing financing for substantially all of its customers.
Additional reading:
- AMERICA’S CAR-MART, INC. SHORT-TERM INCENTIVE PLAN (EFFECTIVE APRIL 1, 2023)
- EXECUTION VERSION 753507376 PURCHASE AGREEMENT dated as of July 6, 2023 between COLONIAL AUTO FINANCE, INC. , as Seller and ACM FUNDING, LLC, as Purchaser 753507376 3 Purchase Agreement (ACMAT 2023 - 2) execute, to deliver and to perform its obligati
- EXECUTION VERSION 753507386 23738694 SALE AND SERVICING AGREEMENT by and among ACM AUTO TRUST 2023 - 2, as Issuer ACM FUNDING, LLC, as Seller AMERICA’S CAR MART, INC., as Servicer and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Indenture Trustee, Back
- EXECUTION VERSION ACM AUTO TRUST 2023 - 2 Class A 7.97% Auto Loan Asset Backed Notes Class B 9.85% Auto Loan Asset Backed Notes INDENTURE Dated as of July 6, 2023 WILMINGTON TRUST, NATIONAL ASSOCIATION , as the Indenture Trustee 753507413 23738694 i
- FORM OF AMERICA’S CAR-MART, INC. as Trustee Dated as of [●] Providing for Issuance of Debt Securities in Series TABLE OF CONTENTS
This story originally appeared on Fintel.
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