America’s Car-Mart (NASDAQ:CRMT) Stock Rating Upgraded by StockNews.com

America’s Car-Mart (NASDAQ:CRMT) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

A number of other analysts also recently issued reports on CRMT. Bank of America decreased their price target on America’s Car-Mart from $55.00 to $50.00 and set an “underperform” rating for the company in a report on Wednesday, April 10th. BTIG Research began coverage on America’s Car-Mart in a report on Friday, June 7th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, America’s Car-Mart presently has a consensus rating of “Hold” and an average target price of $66.00.

America’s Car-Mart Price Performance

CRMT opened at $65.26 on Wednesday. America’s Car-Mart has a 12 month low of $55.00 and a 12 month high of $127.96. The stock has a market capitalization of $417.01 million, a price-to-earnings ratio of -13.18, a PEG ratio of 2.62 and a beta of 1.70. The business has a fifty day moving average price of $61.10 and a 200 day moving average price of $62.48.

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

Insiders Place Their Bets

In other America’s Car-Mart news, major shareholder Adam K. Peterson bought 26,410 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were bought at an average price of $57.74 per share, for a total transaction of $1,524,913.40. Following the transaction, the insider now owns 768,410 shares of the company’s stock, valued at approximately $44,367,993.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On America’s Car-Mart

Institutional investors and hedge funds have recently modified their holdings of the company. Yacktman Asset Management LP grew its holdings in shares of America’s Car-Mart by 70.0% in the 4th quarter. Yacktman Asset Management LP now owns 34,000 shares of the company’s stock worth $2,576,000 after acquiring an additional 14,000 shares during the period. WCM Investment Management LLC grew its holdings in shares of America’s Car-Mart by 14.0% in the 4th quarter. WCM Investment Management LLC now owns 220,271 shares of the company’s stock worth $17,505,000 after acquiring an additional 27,027 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of America’s Car-Mart by 920.6% in the 4th quarter. BNP Paribas Financial Markets now owns 17,310 shares of the company’s stock worth $1,312,000 after acquiring an additional 15,614 shares during the period. Quest Partners LLC acquired a new stake in America’s Car-Mart during the 4th quarter valued at $48,000. Finally, Vanguard Group Inc. grew its holdings in America’s Car-Mart by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 406,388 shares of the company’s stock valued at $36,977,000 after buying an additional 5,349 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

About America’s Car-Mart

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.