Jefferies Reports Solid Quarter For America's Car Mart

According to Jefferies, America's Car-Mart (NASDAQ: CRMT) announced FY 1Q12 EPS of $0.78 per share, or $0.03 higher than Street estimates.

Jefferies said that CRMT posted another solid quarter with EPS of $0.78 per diluted share, or $0.07 higher than estimate. “Our $30 price target is based upon a 10x multiple to our forward earnings estimate of $2.93, which is slightly below CRMT's long term average. Risks to our investment thesis include a rapid deterioration of portfolio credit and higher gasoline prices.”

America's Car-Mart closed on Friday at $29.64.