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

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

A number of other research analysts have also recently commented on CRMT. BTIG Research began coverage on America’s Car-Mart in a research note on Friday, June 7th. They set a neutral rating on the stock. Bank of America cut their price objective on America’s Car-Mart from $55.00 to $50.00 and set an underperform rating on the stock in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, America’s Car-Mart presently has a consensus rating of Hold and an average price target of $66.00.

View Our Latest Analysis on America’s Car-Mart

America’s Car-Mart Stock Down 1.8 %

CRMT stock opened at $58.96 on Thursday. America’s Car-Mart has a twelve month low of $55.00 and a twelve month high of $127.96. The stock has a market capitalization of $376.75 million, a price-to-earnings ratio of -11.91, a price-to-earnings-growth ratio of 2.23 and a beta of 1.67. The firm’s fifty day simple moving average is $60.38 and its two-hundred day simple moving average is $63.21.

America’s Car-Mart (NASDAQ:CRMTGet Free Report) last released its quarterly earnings results on Tuesday, June 18th. The company reported $0.06 EPS 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 firm had revenue of $364.67 million during the quarter, compared to analysts’ expectations of $361.48 million. During the same period in the previous year, the company earned $0.32 EPS. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, equities research analysts expect that America’s Car-Mart will post 3.07 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Adam K. Peterson bought 8,500 shares of America’s Car-Mart stock in a transaction dated Thursday, April 4th. The shares were acquired at an average cost of $57.85 per share, with a total value of $491,725.00. Following the completion of the transaction, the insider now owns 728,450 shares in the company, valued at approximately $42,140,832.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, major shareholder Adam K. Peterson bought 8,500 shares of the stock in a transaction on Thursday, April 4th. The stock was acquired at an average cost of $57.85 per share, for a total transaction of $491,725.00. Following the acquisition, the insider now owns 728,450 shares of the company’s stock, valued at $42,140,832.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas W. Jr. Campbell purchased 3,229 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were purchased at an average price of $61.62 per share, for a total transaction of $198,970.98. Following the purchase, the chief executive officer now owns 70,841 shares of the company’s stock, valued at approximately $4,365,222.42. The disclosure for this purchase can be found here. Insiders have purchased 25,279 shares of company stock worth $1,474,834 in the last three months. Corporate insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On America’s Car-Mart

Several large investors have recently modified their holdings of the business. Magnolia Group LLC increased its holdings in America’s Car-Mart by 14.1% during the first quarter. Magnolia Group LLC now owns 719,950 shares of the company’s stock valued at $45,983,000 after buying an additional 88,899 shares during the period. Vanguard Group Inc. lifted its holdings in America’s Car-Mart by 1.3% during the third quarter. Vanguard Group Inc. now owns 406,388 shares of the company’s stock worth $36,977,000 after buying an additional 5,349 shares during the period. WCM Investment Management LLC boosted its position in America’s Car-Mart by 2.1% during the 1st quarter. WCM Investment Management LLC now owns 224,875 shares of the company’s stock valued at $14,363,000 after acquiring an additional 4,604 shares in the last quarter. Invesco Ltd. increased its holdings in shares of America’s Car-Mart by 5.7% in the 3rd quarter. Invesco Ltd. now owns 123,760 shares of the company’s stock valued at $11,261,000 after acquiring an additional 6,720 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of America’s Car-Mart by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 86,163 shares of the company’s stock worth $7,840,000 after acquiring an additional 1,639 shares in the last quarter. Institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Company Profile

(Get Free Report)

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.

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