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

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

A number of other analysts have also 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 began coverage on America’s Car-Mart in a research report on Friday, June 7th. They issued a neutral rating on the stock. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $66.00.

Read Our Latest Report on America’s Car-Mart

America’s Car-Mart Stock Performance

CRMT stock opened at $60.49 on Wednesday. The firm has a market cap of $386.53 million, a PE ratio of -12.22, a PEG ratio of 2.62 and a beta of 1.70. The firm’s 50 day moving average price is $61.06 and its 200-day moving average price is $62.49. America’s Car-Mart has a one year low of $55.00 and a one year high of $127.96.

America’s Car-Mart (NASDAQ:CRMTGet Free Report) last released its quarterly earnings results on Tuesday, June 18th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $364.67 million for 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 business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS. Equities research analysts predict that America’s Car-Mart will post 2.68 EPS for the current fiscal year.

Insider Buying and Selling at America’s Car-Mart

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

Hedge Funds Weigh In On America’s Car-Mart

Several institutional investors have recently modified their holdings of CRMT. Magnolia Group LLC grew its stake in shares of America’s Car-Mart by 14.1% in the first quarter. Magnolia Group LLC now owns 719,950 shares of the company’s stock worth $45,983,000 after acquiring an additional 88,899 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of America’s Car-Mart by 14.0% in the fourth 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 in the last quarter. BNP Paribas Financial Markets grew its stake in shares of America’s Car-Mart by 121.0% during the first quarter. BNP Paribas Financial Markets now owns 38,259 shares of the company’s stock worth $2,444,000 after purchasing an additional 20,949 shares in the last quarter. Yacktman Asset Management LP grew its stake in shares of America’s Car-Mart by 70.0% during the fourth quarter. Yacktman Asset Management LP now owns 34,000 shares of the company’s stock worth $2,576,000 after purchasing an additional 14,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of America’s Car-Mart by 1.3% during the third quarter. Vanguard Group Inc. now owns 406,388 shares of the company’s stock worth $36,977,000 after purchasing an additional 5,349 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

America’s Car-Mart Company Profile

(Get Free Report)

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.

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