Market Overview

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

Share:
Related CRMT
Earnings Scheduled For February 18, 2015
Top 4 Small-Cap Stocks In The Auto Dealerships Industry With The Lowest PEG Ratio

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
Feb 2015JefferiesMaintainsHold
Sep 2014JefferiesInitiates Coverage onHold
Nov 2013Stephens & Co.DowngradesOverweightEqual-weight

View More Analyst Ratings for CRMT
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (CRMT)

Around the Web, We're Loving...