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

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

A number of other brokerages have also recently weighed in on CRMT. Bank of America reduced their price target on shares of 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 started coverage on shares of America’s Car-Mart in a report on Friday, June 7th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $66.00.

America’s Car-Mart Stock Down 2.5 %

Shares of America’s Car-Mart stock traded down $1.52 during trading on Tuesday, hitting $59.76. 39,334 shares of the company were exchanged, compared to its average volume of 95,758. America’s Car-Mart has a fifty-two week low of $55.00 and a fifty-two week high of $116.67. The firm has a 50 day moving average price of $62.78 and a 200 day moving average price of $62.27. The stock has a market capitalization of $381.99 million, a price-to-earnings ratio of -12.07, a P/E/G ratio of 0.76 and a beta of 1.69.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Tuesday, June 18th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The business 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%. The company’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 earnings per share. Analysts predict that America’s Car-Mart will post 2.14 earnings per share for the current year.

Insider Activity at America’s Car-Mart

In other America’s Car-Mart news, major shareholder Adam K. Peterson purchased 26,410 shares of America’s Car-Mart stock in a transaction dated Tuesday, June 18th. The shares were bought at an average cost of $57.74 per share, for a total transaction of $1,524,913.40. Following the transaction, the insider now owns 768,410 shares in the company, valued at approximately $44,367,993.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 14.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On America’s Car-Mart

Large investors have recently made changes to their positions in the company. Magnolia Group LLC lifted its position in America’s Car-Mart by 6.7% in the second quarter. Magnolia Group LLC now owns 768,410 shares of the company’s stock worth $46,266,000 after purchasing an additional 48,460 shares during the period. Vanguard Group Inc. lifted its holdings in shares of America’s Car-Mart by 1.3% in the third 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 period. WCM Investment Management LLC boosted its stake in America’s Car-Mart by 2.1% during the first quarter. WCM Investment Management LLC now owns 224,875 shares of the company’s stock valued at $14,363,000 after buying an additional 4,604 shares in the last quarter. Franklin Resources Inc. grew its holdings in America’s Car-Mart by 8.5% during the fourth quarter. Franklin Resources Inc. now owns 52,224 shares of the company’s stock worth $3,957,000 after acquiring an additional 4,074 shares during the period. Finally, BNP Paribas Financial Markets raised its position in 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 worth $2,444,000 after acquiring an additional 20,949 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

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.