America’s Car-Mart (NASDAQ:CRMT) Upgraded at StockNews.com

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

America’s Car-Mart Stock Performance

CRMT stock traded up $0.30 during midday trading on Wednesday, reaching $46.94. The stock had a trading volume of 57,043 shares, compared to its average volume of 98,561. America’s Car-Mart has a 52-week low of $36.40 and a 52-week high of $72.26. The stock has a market cap of $387.82 million, a PE ratio of -57.24, a P/E/G ratio of 1.41 and a beta of 1.40. The firm has a fifty day simple moving average of $45.96 and a two-hundred day simple moving average of $46.20.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data 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. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The business had revenue of $325.73 million during the quarter, compared to the consensus estimate of $282.83 million. On average, sell-side analysts predict that America’s Car-Mart will post 0.86 EPS for the current fiscal year.

Insider Activity

In other news, Director Jonathan Z. Buba acquired 75,000 shares of the firm’s 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 transaction, the director now owns 619,686 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 19.60% of the company’s stock.

Institutional Trading of America’s Car-Mart

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kize Capital LP acquired a new position in America’s Car-Mart during the 4th quarter worth approximately $11,043,000. SG Capital Management LLC purchased a new stake in America’s Car-Mart in the 4th quarter worth approximately $6,604,000. WCM Investment Management LLC increased its stake in shares of America’s Car-Mart by 39.2% during the 4th quarter. WCM Investment Management LLC now owns 324,091 shares of the company’s stock valued at $16,577,000 after acquiring an additional 91,256 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of America’s Car-Mart by 351.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock valued at $3,085,000 after purchasing an additional 57,304 shares during the last quarter. Finally, Divisadero Street Capital Management LP increased its stake in America’s Car-Mart by 1,050.7% during the fourth quarter. Divisadero Street Capital Management LP now owns 58,687 shares of the company’s stock worth $3,008,000 after acquiring an additional 53,587 shares during 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 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.