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

StockNews.com downgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a buy rating to a hold rating in a report released on Monday morning.

Separately, Stephens upgraded America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

America’s Car-Mart Trading Up 4.8 %

Shares of CRMT opened at $47.62 on Monday. America’s Car-Mart has a 12-month low of $36.40 and a 12-month high of $72.26. The company has a market capitalization of $393.44 million, a PE ratio of -58.07, a price-to-earnings-growth ratio of 1.41 and a beta of 1.71. The business’s 50 day moving average is $46.84 and its 200 day moving average is $46.18.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.38. The firm had revenue of $325.73 million during the quarter, compared to analyst estimates of $282.83 million. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. Equities research analysts predict that America’s Car-Mart will post 0.86 earnings per share for the current year.

Insider Buying and Selling at America’s Car-Mart

In related news, Director Jonathan Z. Buba acquired 75,000 shares of the stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $43.80 per share, with a total value of $3,285,000.00. Following the purchase, the director now directly owns 619,686 shares of the company’s stock, valued at approximately $27,142,246.80. This trade represents a 13.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 19.60% of the stock is owned by company insiders.

Institutional Trading of America’s Car-Mart

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in America’s Car-Mart by 7.7% during the fourth quarter. Vanguard Group Inc. now owns 426,452 shares of the company’s stock valued at $21,856,000 after acquiring an additional 30,306 shares during the last quarter. WCM Investment Management LLC raised its position in America’s Car-Mart by 39.2% in the 4th quarter. WCM Investment Management LLC now owns 324,091 shares of the company’s stock worth $16,577,000 after purchasing an additional 91,256 shares during the period. North Reef Capital Management LP lifted its stake in America’s Car-Mart by 7.9% in the fourth quarter. North Reef Capital Management LP now owns 227,000 shares of the company’s stock worth $11,634,000 after purchasing an additional 16,593 shares during the last quarter. Kize Capital LP purchased a new position in shares of America’s Car-Mart during the fourth quarter valued at approximately $11,043,000. Finally, State Street Corp grew its stake in shares of America’s Car-Mart by 1.0% during the third quarter. State Street Corp now owns 180,055 shares of the company’s stock valued at $7,548,000 after buying an additional 1,810 shares during the last quarter. Hedge funds and other institutional investors 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 for the used car market 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.