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

StockNews.com cut shares of America’s Car-Mart (NASDAQ:CRMT) from a buy rating to a hold rating in a research note published on Monday.

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

America’s Car-Mart Price Performance

NASDAQ:CRMT opened at $45.39 on Monday. The company’s 50-day moving average is $46.90 and its two-hundred day moving average is $46.20. 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 $375.01 million, a price-to-earnings ratio of -55.35, a PEG ratio of 1.41 and a beta of 1.71.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.38. The firm had revenue of $325.73 million for the quarter, compared to analysts’ expectations of $282.83 million. America’s Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. As a group, equities analysts anticipate that America’s Car-Mart will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling at America’s Car-Mart

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

Hedge Funds Weigh In On America’s Car-Mart

Several hedge funds have recently bought and sold shares of the company. Flaharty Asset Management LLC lifted its position in shares of America’s Car-Mart by 75.0% during the fourth quarter. Flaharty Asset Management LLC now owns 7,000 shares of the company’s stock worth $359,000 after purchasing an additional 3,000 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in America’s Car-Mart by 351.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock worth $3,085,000 after buying an additional 57,304 shares in the last quarter. Geode Capital Management LLC boosted its position in America’s Car-Mart by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock valued at $5,896,000 after buying an additional 2,807 shares during the period. PDT Partners LLC acquired a new position in shares of America’s Car-Mart in the third quarter worth $974,000. Finally, Argent Capital Management LLC purchased a new stake in shares of America’s Car-Mart during the fourth quarter worth $315,000. 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.