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

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

CRMT has been the subject of several other reports. BTIG Research began coverage on shares of America’s Car-Mart in a research note on Friday, June 7th. They issued a neutral rating for the company. Bank of America decreased their target price on shares of America’s Car-Mart from $55.00 to $50.00 and set an underperform rating for the company in a research note 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. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $66.00.

America’s Car-Mart Stock Up 3.8 %

Shares of CRMT opened at $60.03 on Thursday. The stock has a market capitalization of $383.71 million, a P/E ratio of -12.13, a P/E/G ratio of 2.15 and a beta of 1.67. America’s Car-Mart has a twelve month low of $55.00 and a twelve month high of $127.96. The company has a 50 day moving average of $60.34 and a 200-day moving average of $63.38.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Tuesday, June 18th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $364.67 million during the quarter, compared to analysts’ expectations of $361.48 million. America’s Car-Mart had a negative net margin of 2.25% and a negative return on equity of 6.54%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. On average, sell-side analysts anticipate that America’s Car-Mart will post 3.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Adam K. Peterson acquired 8,500 shares of America’s Car-Mart stock in a transaction on Thursday, April 4th. The stock was purchased 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 directly owns 728,450 shares in the company, valued at approximately $42,140,832.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, major shareholder Adam K. Peterson acquired 8,500 shares of America’s Car-Mart stock in a transaction on Thursday, April 4th. The stock was purchased 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 directly owns 728,450 shares in the company, valued at approximately $42,140,832.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Douglas W. Jr. Campbell bought 3,229 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were purchased at an average cost of $61.62 per share, with a total value of $198,970.98. Following the acquisition, the chief executive officer now directly 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 purchased a total of 25,279 shares of company stock valued at $1,474,834 over the last ninety days. 14.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On America’s Car-Mart

Hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank raised its stake in America’s Car-Mart by 1.5% in the third quarter. Swiss National Bank now owns 13,300 shares of the company’s stock valued at $1,210,000 after purchasing an additional 200 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in America’s Car-Mart by 6.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,656 shares of the company’s stock valued at $277,000 after purchasing an additional 225 shares in the last quarter. Anchor Investment Management LLC acquired a new position in America’s Car-Mart in the fourth quarter valued at about $25,000. Graham Capital Management L.P. raised its stake in America’s Car-Mart by 15.6% in the third quarter. Graham Capital Management L.P. now owns 2,839 shares of the company’s stock valued at $258,000 after purchasing an additional 384 shares in the last quarter. Finally, Values First Advisors Inc. raised its stake in America’s Car-Mart by 7.0% in the fourth quarter. Values First Advisors Inc. now owns 6,165 shares of the company’s stock valued at $467,000 after purchasing an additional 404 shares in the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

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.