Could America's Car-Mart, Inc. (CRMT) Go Up? The Stock Formed Bullish Double Top

September 16, 2018 - By Richard Slagle

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 increased, 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.
Paloma Prtn Com, a Connecticut-based fund reported 5,491 shares. Natl Bank Of Ny Mellon holds 41,181 shares or 0% of its portfolio. Wells Fargo & Co Mn reported 0% of its portfolio in America's Car-Mart, Inc. (NASDAQ:CRMT). Dimensional Fund Limited Partnership reported 593,445 shares. Spark Inv Ltd Co has 4,800 shares. Smith Moore holds 0.08% or 5,000 shares. Pub Employees Retirement Association Of Colorado holds 0% or 2,807 shares. Legal And General Grp Inc Public Ltd Co reported 0% stake. Invesco Ltd owns 103,094 shares. Wcm Invest Mgmt Ca holds 0.08% in America's Car-Mart, Inc. (NASDAQ:CRMT) or 138,683 shares. Matarin Capital Limited Liability Company has 15,262 shares for 0% of their portfolio. Sawgrass Asset Limited Liability Corporation holds 0.03% or 9,520 shares in its portfolio. Federated Invsts Inc Pa accumulated 41,728 shares. California State Teachers Retirement Systems has invested 0% in America's Car-Mart, Inc. (NASDAQ:CRMT). First Wilshire Securities Management invested in 13,758 shares.

Since March 30, 2018, it had 1 insider buy, and 10 selling transactions for $16.34 million activity. Judy Vickie D. sold $165,415 worth of stock. MAGNOLIA CAPITAL FUND – LP sold $2.93 million worth of stock. HENDERSON WILLIAM H had sold 15,000 shares worth $740,100 on Friday, March 30. DILLON RAY C bought $62,558 worth of stock.

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 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. Janney Capital maintained the shares of CRMT in report on Wednesday, May 23 with “Neutral” rating. Bank of America maintained America's Car-Mart, Inc. (NASDAQ:CRMT) on Thursday, September 6 with “Buy” rating. Janney Capital upgraded the stock to “Buy” rating in Monday, August 20 report.

Another recent and important America's Car-Mart, Inc. (NASDAQ:CRMT) news was published by 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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