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

StockNews.com upgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a sell rating to a hold rating in a research report report published on Monday.

CRMT has been the topic of a number of other research reports. Bank of America dropped their price objective on shares of America’s Car-Mart from $55.00 to $50.00 and set an underperform rating on the stock in a report on Wednesday, April 10th. BTIG Research assumed coverage on shares of America’s Car-Mart in a report on Friday, June 7th. They issued a neutral rating on the stock. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, America’s Car-Mart has a consensus rating of Hold and a consensus price target of $66.00.

America’s Car-Mart Stock Performance

Shares of NASDAQ:CRMT opened at $65.55 on Monday. America’s Car-Mart has a 1-year low of $55.00 and a 1-year high of $121.69. The company’s fifty day moving average is $62.75 and its two-hundred day moving average is $62.23. The stock has a market capitalization of $419.00 million, a price-to-earnings ratio of -13.24, a price-to-earnings-growth ratio of 0.79 and a beta of 1.70.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Tuesday, June 18th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. America’s Car-Mart had a negative net margin of 2.25% and a negative return on equity of 6.54%. The business had revenue of $364.67 million for the quarter, compared to analysts’ expectations of $361.48 million. During the same quarter last year, the company earned $0.32 EPS. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. Sell-side analysts expect that America’s Car-Mart will post 2.14 EPS for the current fiscal year.

Insider Activity at America’s Car-Mart

In related news, major shareholder Adam K. Peterson bought 26,410 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was purchased at an average price of $57.74 per share, for a total transaction of $1,524,913.40. Following the transaction, the insider now directly owns 768,410 shares of the company’s stock, valued at approximately $44,367,993.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On America’s Car-Mart

Several large investors have recently made changes to their positions in the business. Rhumbline Advisers boosted its position in shares of America’s Car-Mart by 4.0% during the 2nd quarter. Rhumbline Advisers now owns 10,006 shares of the company’s stock valued at $602,000 after purchasing an additional 381 shares in the last quarter. Kings Path Partners LLC bought a new position in shares of America’s Car-Mart during the 2nd quarter valued at about $468,000. Bank of New York Mellon Corp boosted its position in shares of America’s Car-Mart by 8.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 25,897 shares of the company’s stock valued at $1,559,000 after purchasing an additional 1,963 shares in the last quarter. Argent Capital Management LLC bought a new position in shares of America’s Car-Mart during the 2nd quarter valued at about $231,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of America’s Car-Mart during the 2nd quarter valued at about $245,000. 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 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.