America’s Car-Mart (NASDAQ:CRMT) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a hold rating to a buy rating in a report released on Friday morning.

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

America’s Car-Mart Trading Up 2.4 %

Shares of NASDAQ CRMT opened at $49.78 on Friday. America’s Car-Mart has a 12 month low of $37.98 and a 12 month high of $74.10. The company has a 50 day simple moving average of $49.24 and a two-hundred day simple moving average of $50.98. The stock has a market cap of $410.83 million, a price-to-earnings ratio of -60.71, a PEG ratio of 4.84 and a beta of 1.64.

Hedge Funds Weigh In On America’s Car-Mart

Several large investors have recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of America’s Car-Mart in the 4th quarter valued at $28,000. American Century Companies Inc. raised its position in America’s Car-Mart by 12.1% during the second quarter. American Century Companies Inc. now owns 8,371 shares of the company’s stock worth $504,000 after acquiring an additional 905 shares during the period. Point72 DIFC Ltd acquired a new position in America’s Car-Mart during the third quarter worth $40,000. Point72 Asset Management L.P. raised its position in America’s Car-Mart by 290.9% during the third 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 during the period. Finally, State Street Corp raised its position in America’s Car-Mart by 1.0% during the third quarter. State Street Corp now owns 180,055 shares of the company’s stock worth $7,548,000 after acquiring an additional 1,810 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

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.