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

StockNews.com upgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

America’s Car-Mart Trading Down 0.4 %

Shares of CRMT stock opened at $43.50 on Tuesday. The stock has a market cap of $359.40 million, a P/E ratio of -53.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. America’s Car-Mart has a 1 year low of $36.40 and a 1 year high of $72.26. The stock has a 50 day simple moving average of $46.26 and a 200 day simple moving average of $46.07.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.38. The firm had revenue of $325.73 million during 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%. Analysts forecast that America’s Car-Mart will post 0.86 EPS for the current year.

Insider Activity

In other America’s Car-Mart news, Director Jonathan Z. Buba purchased 75,000 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $43.80 per share, for a total transaction of $3,285,000.00. Following the purchase, the director now owns 619,686 shares in the company, valued at approximately $27,142,246.80. This trade represents a 13.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 19.60% of the company’s stock.

Institutional Trading of America’s Car-Mart

Large investors have recently bought and sold shares of the business. R Squared Ltd bought a new position in shares of America’s Car-Mart in the fourth quarter worth about $28,000. Point72 DIFC Ltd bought a new position in America’s Car-Mart in the 3rd quarter valued at approximately $40,000. Point72 Asset Management L.P. boosted its position 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 buying an additional 1,414 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of America’s Car-Mart during the fourth quarter worth $117,000. Finally, Aquatic Capital Management LLC lifted its stake in shares of America’s Car-Mart by 249.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company’s stock valued at $143,000 after acquiring an additional 1,995 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

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.