America’s Car-Mart (NASDAQ:CRMT) Lifted to “Hold” at StockNews.com

StockNews.com upgraded shares of America’s Car-Mart (NASDAQ:CRMTFree Report) from a sell rating to a hold rating in a research report report published on Thursday morning.

Several other research analysts also recently commented on the stock. Bank of America decreased their target price on shares of America’s Car-Mart from $55.00 to $50.00 and set an underperform rating on the stock in a research note on Wednesday, April 10th. BTIG Research started coverage on America’s Car-Mart in a research report on Friday, June 7th. They issued a neutral rating for the company. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $66.00.

Get Our Latest Report on CRMT

America’s Car-Mart Trading Down 1.8 %

CRMT stock opened at $58.96 on Thursday. The firm has a 50 day moving average of $60.38 and a 200-day moving average of $63.21. America’s Car-Mart has a 12 month low of $55.00 and a 12 month high of $127.96. The firm has a market capitalization of $376.75 million, a P/E ratio of -11.91, a price-to-earnings-growth ratio of 2.23 and a beta of 1.67.

America’s Car-Mart (NASDAQ:CRMTGet Free Report) last released its quarterly earnings data on Tuesday, June 18th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $364.67 million during the quarter, compared to analyst estimates of $361.48 million. America’s Car-Mart had a negative net margin of 2.25% and a negative return on equity of 6.54%. America’s Car-Mart’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.32 earnings per share. Sell-side analysts predict that America’s Car-Mart will post 3.07 EPS for the current year.

Insider Buying and Selling

In other America’s Car-Mart news, major shareholder Adam K. Peterson purchased 8,500 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were acquired at an average price of $57.85 per share, for a total transaction of $491,725.00. Following the completion of the purchase, the insider now owns 728,450 shares of the company’s stock, valued at $42,140,832.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other America’s Car-Mart news, major shareholder Adam K. Peterson bought 13,550 shares of America’s Car-Mart stock in a transaction dated Thursday, April 11th. The stock was acquired at an average cost of $57.87 per share, with a total value of $784,138.50. Following the purchase, the insider now directly owns 742,000 shares in the company, valued at approximately $42,939,540. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Adam K. Peterson purchased 8,500 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were purchased at an average price of $57.85 per share, with a total value of $491,725.00. Following the completion of the transaction, the insider now directly owns 728,450 shares of the company’s stock, valued at approximately $42,140,832.50. The disclosure for this purchase can be found here. Insiders purchased a total of 25,279 shares of company stock worth $1,474,834 over the last three months. 14.10% of the stock is owned by insiders.

Hedge Funds Weigh In On America’s Car-Mart

A number of hedge funds have recently modified their holdings of the business. Magnolia Group LLC raised its position in America’s Car-Mart by 14.1% in the 1st quarter. Magnolia Group LLC now owns 719,950 shares of the company’s stock valued at $45,983,000 after purchasing an additional 88,899 shares in the last quarter. WCM Investment Management LLC raised its holdings in America’s Car-Mart by 14.0% during the fourth quarter. WCM Investment Management LLC now owns 220,271 shares of the company’s stock worth $17,505,000 after purchasing an additional 27,027 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of America’s Car-Mart in the third quarter worth $2,308,000. BNP Paribas Financial Markets grew its position in shares of America’s Car-Mart by 121.0% in the first quarter. BNP Paribas Financial Markets now owns 38,259 shares of the company’s stock valued at $2,444,000 after purchasing an additional 20,949 shares during the period. Finally, Yacktman Asset Management LP grew its position in shares of America’s Car-Mart by 70.0% in the fourth quarter. Yacktman Asset Management LP now owns 34,000 shares of the company’s stock valued at $2,576,000 after purchasing an additional 14,000 shares during the period. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

About America’s Car-Mart

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America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas.

Further Reading

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