Jefferies Maintains a 'Hold' on America's Car-Mart (CRMT); Growing Pains
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Price: $46.50 +1.00%
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
2 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CRMT Now!
Jefferies maintains a 'Hold' on America's Car-Mart (NASDAQ: CRMT) price target of $42.00.
Analyst, Daniel Furtado, said, "CRMT reported Q1'13 EPS of $0.83 below our estimate of $0.91 mainly due to a $200 reduction in ASP and increased provision, which ticked up to 21.8% from 20.4% Y/Y, as newer stores begin to ramp. Margins remained intact at 42.8%, and SSS came in at 5.5% . CMRT repurchased 216k shares in Q1, or 2.3% of the company, and increased the auth. to another 1M shares."
FY12 EPS estimate lowered from $3.62 to $3.49 and FY13 from $3.97 to $3.91.
For an analyst ratings summary and ratings history on America's Car-Mart click here. For more ratings news on America's Car-Mart click here.
Shares of America's Car-Mart closed at $45.28 yesterday, with a 52 week range of $25.81-$49.20.
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Analyst, Daniel Furtado, said, "CRMT reported Q1'13 EPS of $0.83 below our estimate of $0.91 mainly due to a $200 reduction in ASP and increased provision, which ticked up to 21.8% from 20.4% Y/Y, as newer stores begin to ramp. Margins remained intact at 42.8%, and SSS came in at 5.5% . CMRT repurchased 216k shares in Q1, or 2.3% of the company, and increased the auth. to another 1M shares."
FY12 EPS estimate lowered from $3.62 to $3.49 and FY13 from $3.97 to $3.91.
For an analyst ratings summary and ratings history on America's Car-Mart click here. For more ratings news on America's Car-Mart click here.
Shares of America's Car-Mart closed at $45.28 yesterday, with a 52 week range of $25.81-$49.20.
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