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UPDATE: Jefferies Reiterates Hold Rating, Raises PT on America's Car-Mart on Strong Fiscal 3Q

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In a report published Wednesday, Jefferies reiterated its Hold rating on America's Car-Mart (NASDAQ: CRMT), and raised its price target from $36.00 to $43.00.

Jefferies noted, “CRMT surprised the Street with much stronger than anticipated unit sales in the quarter. Expectations were low going into the print on concerns that larger subprime auto lenders had begun to impact volume and pricing in the buy-here pay-here segment. Results clearly show these concerns to be misplaced.”

America's Car-Mart closed on Tuesday at $45.93.

Latest Ratings for CRMT

DateFirmActionFromTo
Aug 2015Stephens & Co.MaintainsEqual-weight
Aug 2015JefferiesMaintainsHold
Jul 2015Janney CapitalInitiates Coverage onNeutral

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View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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