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

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

America’s Car-Mart Price Performance

CRMT stock opened at $43.67 on Tuesday. America’s Car-Mart has a 1 year low of $36.40 and a 1 year high of $72.26. The firm has a market capitalization of $360.80 million, a PE ratio of -53.26, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. The business has a 50 day simple moving average of $46.52 and a 200-day simple moving average of $46.09.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.38. America’s Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. The company had revenue of $325.73 million during the quarter, compared to analysts’ expectations of $282.83 million. On average, equities research analysts expect that America’s Car-Mart will post 0.86 EPS for the current year.

Insider Buying and Selling

In other news, Director Jonathan Z. Buba purchased 75,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $43.80 per share, with a total value of $3,285,000.00. Following the purchase, the director now directly owns 619,686 shares in the company, valued at approximately $27,142,246.80. This represents a 13.77 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 19.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in America’s Car-Mart during the fourth quarter worth $28,000. Point72 DIFC Ltd acquired a new stake in shares of America’s Car-Mart during the 3rd quarter worth about $40,000. Point72 Asset Management L.P. increased 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 purchasing an additional 1,414 shares during the last quarter. Quantbot Technologies LP purchased a new stake in America’s Car-Mart in the 4th quarter valued at about $117,000. Finally, Aquatic Capital Management LLC lifted its position in America’s Car-Mart by 249.4% in the fourth quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company’s stock valued at $143,000 after buying an additional 1,995 shares during the last quarter. 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.