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

StockNews.com lowered shares of America’s Car-Mart (NASDAQ:CRMT) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Separately, BTIG Research began coverage on shares of America’s Car-Mart in a report on Friday, June 7th. They issued a neutral rating for the company. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $66.00.

America’s Car-Mart Trading Up 0.4 %

NASDAQ CRMT opened at $61.00 on Thursday. The stock has a fifty day simple moving average of $62.34 and a 200-day simple moving average of $62.03. The stock has a market cap of $389.91 million, a PE ratio of -12.32, a P/E/G ratio of 0.76 and a beta of 1.69. America’s Car-Mart has a twelve month low of $55.00 and a twelve month high of $113.72.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Tuesday, June 18th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $361.48 million. During the same quarter in the prior year, the business posted $0.32 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Research analysts predict that America’s Car-Mart will post 2.14 EPS for the current year.

Insider Activity at America’s Car-Mart

In other news, major shareholder Adam K. Peterson bought 26,410 shares of the stock in a transaction on Tuesday, June 18th. The shares were bought at an average price of $57.74 per share, with a total value of $1,524,913.40. Following the completion of the acquisition, the insider now owns 768,410 shares of the company’s stock, valued at $44,367,993.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 14.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On America’s Car-Mart

Institutional investors have recently made changes to their positions in the stock. Quest Partners LLC purchased a new stake in America’s Car-Mart during the 4th quarter worth about $48,000. EntryPoint Capital LLC purchased a new stake in shares of America’s Car-Mart during the first quarter worth about $178,000. Louisiana State Employees Retirement System acquired a new position in shares of America’s Car-Mart in the fourth quarter valued at approximately $220,000. Hsbc Holdings PLC purchased a new position in shares of America’s Car-Mart during the second quarter valued at approximately $221,000. Finally, Argent Capital Management LLC acquired a new stake in America’s Car-Mart during the second quarter worth approximately $231,000. 89.10% of the stock is owned by institutional investors and hedge funds.

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.