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

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

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

America’s Car-Mart Price Performance

CRMT stock opened at $49.78 on Friday. The stock has a market cap of $410.69 million, a price-to-earnings ratio of -60.71, a P/E/G ratio of 4.84 and a beta of 1.64. The company has a 50 day simple moving average of $49.24 and a 200 day simple moving average of $50.91. America’s Car-Mart has a 1 year low of $37.98 and a 1 year high of $74.10.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRMT. R Squared Ltd acquired a new position in America’s Car-Mart in the 4th quarter valued at approximately $28,000. Point72 DIFC Ltd bought a new stake in shares of America’s Car-Mart in the third quarter worth $40,000. Point72 Asset Management L.P. increased its holdings in America’s Car-Mart by 290.9% in the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock valued at $80,000 after purchasing an additional 1,414 shares during the period. Sentry Investment Management LLC bought a new position in America’s Car-Mart during the 3rd quarter worth $113,000. Finally, Hsbc Holdings PLC bought a new position in America’s Car-Mart during the 2nd quarter worth $221,000. Institutional investors own 89.10% of the company’s stock.

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.