America’s Car-Mart (NASDAQ:CRMT) Given “Neutral” Rating at BTIG Research

America’s Car-Mart (NASDAQ:CRMT)‘s stock had its “neutral” rating restated by research analysts at BTIG Research in a research note issued to investors on Monday,Benzinga reports.

CRMT has been the subject of several other research reports. Wall Street Zen raised shares of America’s Car-Mart from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. Jefferies Financial Group decreased their price target on shares of America’s Car-Mart from $29.00 to $14.00 and set a “hold” rating for the company in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, America’s Car-Mart has an average rating of “Hold” and a consensus price target of $29.50.

America’s Car-Mart Stock Performance

America’s Car-Mart stock opened at $2.41 on Monday. The company has a 50 day moving average price of $10.77 and a 200-day moving average price of $18.23. America’s Car-Mart has a fifty-two week low of $1.38 and a fifty-two week high of $62.72. The company has a market capitalization of $20.00 million, a PE ratio of -0.21 and a beta of 1.18.

Insider Buying and Selling

In related news, major shareholder Adam K. Peterson sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $12.59, for a total value of $100,720.00. Following the completion of the transaction, the insider owned 1,119,875 shares of the company’s stock, valued at $14,099,226.25. The trade was a 0.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 18.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On America’s Car-Mart

Large investors have recently bought and sold shares of the business. Massachusetts Institute of Technology bought a new position in America’s Car-Mart in the third quarter worth approximately $4,890,000. North Reef Capital Management LP raised its stake in America’s Car-Mart by 19.5% in the third quarter. North Reef Capital Management LP now owns 270,190 shares of the company’s stock worth $7,892,000 after buying an additional 44,145 shares in the last quarter. Platform Technology Partners raised its stake in America’s Car-Mart by 24.5% in the first quarter. Platform Technology Partners now owns 25,400 shares of the company’s stock worth $323,000 after buying an additional 5,000 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in America’s Car-Mart in the fourth quarter worth approximately $520,000. Finally, Deutsche Bank AG raised its stake in America’s Car-Mart by 12.1% in the fourth quarter. Deutsche Bank AG now owns 4,450 shares of the company’s stock worth $112,000 after buying an additional 482 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.