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Monday, March 28, 2011

America's Car-Mart Upgraded or Downgraded? (NASDAQ: CRMT)

NEW YORK - Shares of America's Car-Mart the largest used car retailer with a pay here model, continued to roar higher. This followed a surge on Friday where the stock gained 6%. The car retailer, has announced the opening of its 105th dealership and it plans to open 10 dealerships a year going forward. The company has already opened 9 dealerships this year and it plans to open 1 more before its yearend in April.

As we head to the close the stock is higher by nearly 1%

To read our premium CRMT report click here.

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