UPDATE: Stephens Downgrades America's Car-Mart as Competitive Pressures Continue to Weigh on the Business
November 21, 2013 at 11:42 AM EST
In a report published Thursday, Stephens analyst John Hecht downgraded the rating on America's Car-Mart (NASDAQ: CRMT ) from Overweight to Equal-Weight, and lowered the price target from $47.00 to $40.00. In the report, Stephens noted, “America's Car-Mart, Inc. (CRMT) reported fiscal 2Q14 EPS of $0.61 versus our $0.77 and