Wall Street Zen Upgrades America’s Car-Mart (NASDAQ:CRMT) to “Hold”

America’s Car-Mart (NASDAQ:CRMT) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings cut America’s Car-Mart from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $14.00.

America’s Car-Mart Price Performance

NASDAQ CRMT opened at $1.04 on Friday. The company has a market capitalization of $8.67 million, a price-to-earnings ratio of -0.04 and a beta of 1.34. The stock has a fifty day simple moving average of $1.50 and a 200 day simple moving average of $9.38. America’s Car-Mart has a twelve month low of $0.57 and a twelve month high of $28.70.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Wednesday, September 9th. The company reported ($6.65) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($5.98). The firm had revenue of $89.90 million for the quarter, compared to the consensus estimate of $253.03 million. America’s Car-Mart had a negative net margin of 18.21% and a negative return on equity of 15.19%.

Institutional Trading of America’s Car-Mart

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP increased its position in shares of America’s Car-Mart by 41.5% in the second quarter. Engineers Gate Manager LP now owns 15,268 shares of the company’s stock valued at $43,000 after buying an additional 4,475 shares in the last quarter. Platform Technology Partners lifted its position in shares of America’s Car-Mart by 24.5% in the 1st quarter. Platform Technology Partners now owns 25,400 shares of the company’s stock valued at $323,000 after acquiring an additional 5,000 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in America’s Car-Mart in the second quarter worth approximately $29,000. Quantinno Capital Management LP raised its stake in America’s Car-Mart by 41.4% during the 1st quarter. Quantinno Capital Management LP now owns 45,899 shares of the company’s stock valued at $584,000 after purchasing an additional 13,434 shares during the last quarter. Finally, North Reef Capital Management LP increased its position in shares of America’s Car-Mart by 6.8% during the 1st quarter. North Reef Capital Management LP now owns 258,637 shares of the company’s stock worth $3,292,000 after purchasing an additional 16,450 shares in the last quarter. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

About America’s Car-Mart

America’s Car-Mart, Inc is a specialty automotive retailer that sells used vehicles and provides financing to consumers, including customers who may have limited or damaged credit histories. The company operates under a “buy here, pay here” business model, generally originating and servicing installment loans for vehicles purchased through its dealerships.

Its dealerships offer a selection of used cars, trucks and sport utility vehicles, with inventory typically acquired through auctions, trade-ins and other wholesale channels.