America's Car-Mart (CRMT) PT Raised to $45 at Jefferies

Jefferies raised its price target on America's Car-Mart (NASDAQ: CRMT) to $45.00 (from $41.00) while maintaining a Hold rating after the company's Q4 EP beat while revenue missed.

While revenue missed, analyst John Hecht notes sales price, margins improved and store efficiency held in. In addition, credit showed continued stabilization.

"We are encouraged by the positive credit trends, yet remain on the sidelines due to valuation and competitive factors," the analyst commented.

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