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

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

Separately, Stephens raised 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 Price Performance

Shares of CRMT stock opened at $44.54 on Friday. America’s Car-Mart has a 12-month low of $36.40 and a 12-month high of $72.26. The firm has a market capitalization of $367.59 million, a price-to-earnings ratio of -54.32, a price-to-earnings-growth ratio of 1.41 and a beta of 1.71. The business has a 50 day simple moving average of $47.17 and a 200 day simple moving average of $47.37.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $325.73 million during the quarter, compared to analyst estimates of $282.83 million. On average, equities analysts anticipate that America’s Car-Mart will post 0.86 EPS for the current fiscal year.

Institutional Investors Weigh In On America’s Car-Mart

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC lifted its position in shares of America’s Car-Mart by 16.1% during the 4th quarter. Squarepoint Ops LLC now owns 15,510 shares of the company’s stock valued at $795,000 after acquiring an additional 2,148 shares during the last quarter. SG Capital Management LLC purchased a new stake in shares of America’s Car-Mart in the fourth quarter valued at $6,604,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of America’s Car-Mart by 31.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company’s stock valued at $208,000 after purchasing an additional 965 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in shares of America’s Car-Mart in the fourth quarter valued at $383,000. Finally, Forest Hill Capital LLC lifted its holdings in shares of America’s Car-Mart by 7.9% in the fourth quarter. Forest Hill Capital LLC now owns 26,976 shares of the company’s stock valued at $1,383,000 after purchasing an additional 1,976 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 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.