America’s Car-Mart (NASDAQ:CRMT) Stock Rating Upgraded by StockNews.com

America’s Car-Mart (NASDAQ:CRMT) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

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

America’s Car-Mart Price Performance

Shares of CRMT stock traded up $1.18 on Friday, hitting $49.78. The stock had a trading volume of 62,183 shares, compared to its average volume of 95,532. The company’s 50 day moving average price is $49.24 and its 200-day moving average price is $50.98. America’s Car-Mart has a 1 year low of $37.98 and a 1 year high of $74.10. The firm has a market capitalization of $410.69 million, a P/E ratio of -60.71, a P/E/G ratio of 4.84 and a beta of 1.64.

Institutional Investors Weigh In On America’s Car-Mart

Large investors have recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of America’s Car-Mart during the fourth quarter worth $28,000. Point72 DIFC Ltd purchased a new stake in America’s Car-Mart during the 3rd quarter worth about $40,000. Point72 Asset Management L.P. boosted its position in shares of America’s Car-Mart by 290.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock worth $80,000 after acquiring an additional 1,414 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of America’s Car-Mart in the 3rd quarter valued at about $113,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of America’s Car-Mart during the 2nd quarter worth about $221,000. 89.10% of the stock is owned by hedge funds and other institutional investors.

About America’s Car-Mart

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.