StockNews.com Lowers America’s Car-Mart (NASDAQ:CRMT) to Sell

America’s Car-Mart (NASDAQ:CRMT) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Several other research firms also recently issued reports on CRMT. Bank of America cut their target price on America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th. BTIG Research assumed coverage on America’s Car-Mart in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $66.00.

America’s Car-Mart Stock Performance

Shares of NASDAQ CRMT traded up $1.04 during mid-day trading on Tuesday, hitting $60.51. The stock had a trading volume of 45,502 shares, compared to its average volume of 98,017. The company has a 50 day moving average of $60.84 and a two-hundred day moving average of $63.01. America’s Car-Mart has a twelve month low of $55.00 and a twelve month high of $127.96. The firm has a market cap of $386.66 million, a PE ratio of -12.22, a PEG ratio of 2.57 and a beta of 1.70.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Tuesday, June 18th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. America’s Car-Mart had a negative return on equity of 6.54% and a negative net margin of 2.25%. The firm had revenue of $364.67 million for the quarter, compared to the consensus estimate of $361.48 million. During the same period in the prior year, the firm earned $0.32 EPS. The firm’s revenue was down 5.8% on a year-over-year basis. Equities research analysts predict that America’s Car-Mart will post 2.68 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Adam K. Peterson purchased 8,500 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were bought at an average cost of $57.85 per share, with a total value of $491,725.00. Following the transaction, the insider now owns 728,450 shares of the company’s stock, valued at $42,140,832.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas W. Jr. Campbell bought 3,229 shares of the stock in a transaction dated Monday, April 8th. The shares were acquired at an average cost of $61.62 per share, with a total value of $198,970.98. Following the purchase, the chief executive officer now directly owns 70,841 shares in the company, valued at approximately $4,365,222.42. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Adam K. Peterson bought 8,500 shares of the stock in a transaction dated Thursday, April 4th. The shares were purchased at an average cost 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 in the company, valued at $42,140,832.50. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 51,689 shares of company stock valued at $2,999,748. Company insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On America’s Car-Mart

Several hedge funds have recently modified their holdings of CRMT. Harbor Capital Advisors Inc. lifted its position in shares of America’s Car-Mart by 6.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,656 shares of the company’s stock valued at $277,000 after acquiring an additional 225 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of America’s Car-Mart in the fourth quarter worth approximately $25,000. Graham Capital Management L.P. boosted its stake in shares of America’s Car-Mart by 15.6% in the third quarter. Graham Capital Management L.P. now owns 2,839 shares of the company’s stock worth $258,000 after acquiring an additional 384 shares during the last quarter. Values First Advisors Inc. boosted its stake in shares of America’s Car-Mart by 7.0% in the fourth quarter. Values First Advisors Inc. now owns 6,165 shares of the company’s stock worth $467,000 after acquiring an additional 404 shares during the last quarter. Finally, BOKF NA boosted its stake in shares of America’s Car-Mart by 1.9% in the first quarter. BOKF NA now owns 24,674 shares of the company’s stock worth $1,546,000 after acquiring an additional 453 shares during the last quarter. 89.10% of the stock is owned by hedge funds and other institutional investors.

America’s Car-Mart Company Profile

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.