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

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

Separately, Stephens upgraded 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 $45.44 on Monday. America’s Car-Mart has a 1-year low of $36.40 and a 1-year high of $72.26. The business has a 50-day moving average price of $46.85 and a 200 day moving average price of $46.17. The company has a market capitalization of $375.43 million, a P/E ratio of -55.41, a PEG ratio of 1.41 and a beta of 1.71.

America’s Car-Mart (NASDAQ:CRMT) last posted its earnings results on Thursday, March 6th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.38. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The business had revenue of $325.73 million for the quarter, compared to the consensus estimate of $282.83 million. On average, 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 related news, Director Jonathan Z. Buba bought 75,000 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the purchase, the director now directly owns 619,686 shares of the company’s stock, valued at approximately $27,142,246.80. This trade represents a 13.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 19.60% of the company’s stock.

Hedge Funds Weigh In On America’s Car-Mart

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in shares of America’s Car-Mart by 16.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 38,498 shares of the company’s stock valued at $1,614,000 after acquiring an additional 5,377 shares during the last quarter. PDT Partners LLC purchased a new stake in America’s Car-Mart in the third quarter valued at $974,000. HITE Hedge Asset Management LLC boosted its holdings in America’s Car-Mart by 11.8% in the third quarter. HITE Hedge Asset Management LLC now owns 26,890 shares of the company’s stock valued at $1,127,000 after purchasing an additional 2,831 shares during the last quarter. Portolan Capital Management LLC acquired a new stake in America’s Car-Mart during the 3rd quarter worth about $3,197,000. Finally, Point72 Asset Management L.P. lifted its holdings in shares of America’s Car-Mart by 290.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock valued at $80,000 after buying an additional 1,414 shares during the period. Institutional investors and hedge funds 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.