America’s Car-Mart Completes Consolidation of 18 Locations to Enhance Operational Efficiency
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Consolidation Count: America’s Car-Mart has completed the consolidation of 13 locations in Phase 2, bringing the total to 18 consolidated stores, aimed at enhancing overall operational efficiency and optimizing resource allocation.
- Market Coverage: The consolidation spans several South-Central markets including Alabama, Arkansas, Georgia, Kentucky, Oklahoma, and Texas, ensuring customers continue to receive sales and service through nearby dealerships.
- Strategic Decision Context: CEO Doug Campbell stated that this consolidation reflects the company's commitment to operational excellence and disciplined capital allocation, concentrating resources in high-performing markets to improve returns while maintaining exceptional customer experience.
- Stock Performance: According to Benzinga Pro data, CRMT stock has lost over 37% in 2023, despite the company's efforts to enhance profitability and long-term growth potential through these consolidations.
Analyst Views on CRMT
Wall Street analysts forecast CRMT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRMT is 29.00 USD with a low forecast of 29.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 27.540
Low
29.00
Averages
29.00
High
29.00
Current: 27.540
Low
29.00
Averages
29.00
High
29.00
About CRMT
America’s Car-Mart, Inc. is an automotive retailer in the United States focused on the Integrated Auto Sales and Finance segment of the used car market. The Company's operations are principally conducted through its two operating subsidiaries, America’s Car Mart, Inc., an Arkansas corporation (Car-Mart of Arkansas), and Colonial Auto Finance, Inc., an Arkansas corporation (Colonial). The Company primarily sells older model used vehicles and provides financing for substantially all of its customers. The Company’s dealerships operate on a decentralized basis. It operates approximately 154 dealerships in 12 states, located primarily in small cities throughout the South-Central United States. It is an option for those who may not qualify for traditional used car financing because of bad credit, no credit, repossession or past bankruptcy. Its products include peace of mind, service contract plus, pay your way, financing options, flexible trade-in, hand selected vehicles and sell-a-friend.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
