How Analysts Feel About America's Car-Mart, Inc. (CRMT) After Forming Bullish Double Top Pattern?

September 16, 2018 - By Rene Reddy

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.
Campbell Communications Inv Adviser Ltd invested 0.48% in America's Car-Mart, Inc. (NASDAQ:CRMT). Stone Ridge Asset Mngmt Ltd Llc reported 0.05% stake. Sg Cap Mngmt Limited Liability Corporation accumulated 106,883 shares. Jupiter Asset Mgmt Ltd invested in 0.21% or 117,627 shares. American Incorporated reported 0% in America's Car-Mart, Inc. (NASDAQ:CRMT). Morgan Stanley stated it has 0% of its portfolio in America's Car-Mart, Inc. (NASDAQ:CRMT). Ameritas Invest Prtn Inc has 586 shares. Moreover, Eam Llc has 0.15% invested in America's Car-Mart, Inc. (NASDAQ:CRMT). Spark Inv Mgmt Limited Liability Company accumulated 4,800 shares or 0.02% of the stock. Qs Lc invested 0% in America's Car-Mart, Inc. (NASDAQ:CRMT). Matarin Cap Limited accumulated 15,262 shares. Deutsche Retail Bank Ag owns 22,190 shares or 0% of their US portfolio. Millennium Limited Liability stated it has 0% in America's Car-Mart, Inc. (NASDAQ:CRMT). Piedmont Advisors Ltd Liability Company invested in 102 shares. Engineers Gate Manager L P owns 5,907 shares.

Since March 30, 2018, it had 1 buy, and 10 selling transactions for $16.34 million activity. Another trade for 55,597 shares valued at $3.57M was sold by MAGNOLIA CAPITAL FUND – LP. DILLON RAY C also bought $62,558 worth of America's Car-Mart, Inc. (NASDAQ:CRMT) shares. 15,000 shares were sold by HENDERSON WILLIAM H, worth $740,100. On Monday, June 18 Judy Vickie D. sold $165,415 worth of America's Car-Mart, Inc. (NASDAQ:CRMT) or 2,500 shares.

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 EPS, up 32.91 % or $0.26 from last year’s $0.79 per share. CRMT’s profit will be $7.23 million for 19.68 P/E if the $1.05 EPS becomes a reality. After $1.53 actual EPS 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 stock of America's Car-Mart, Inc. (NASDAQ:CRMT) earned “Neutral” rating by Janney Capital on Wednesday, May 23. Janney Capital upgraded the shares of CRMT in report on Monday, August 20 to “Buy” rating. The firm has “Buy” rating by Bank of America given on Thursday, September 6.

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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