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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
Apr 2016CitigroupMaintainsHold
Mar 2016Sidoti & Co.Initiates Coverage onBuy
Aug 2015Stephens & Co.MaintainsEqual-weight

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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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