America’s Car-Mart (NASDAQ:CRMT) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a sell rating to a hold rating in a report released on Thursday.

A number of other equities analysts also recently weighed in on the stock. BTIG Research initiated coverage on shares of America’s Car-Mart in a research note on Friday, June 7th. They set a neutral rating for the company. Bank of America lowered their price objective on America’s Car-Mart from $55.00 to $50.00 and set an underperform rating for the company in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $66.00.

America’s Car-Mart Trading Down 1.8 %

NASDAQ CRMT opened at $58.96 on Thursday. The firm has a market capitalization of $376.75 million, a PE ratio of -11.91, a price-to-earnings-growth ratio of 2.23 and a beta of 1.67. The business’s 50-day moving average price is $60.38 and its two-hundred day moving average price is $63.21. America’s Car-Mart has a 12 month low of $55.00 and a 12 month high of $127.96.

America’s Car-Mart (NASDAQ:CRMT) last announced its earnings results on Tuesday, June 18th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. America’s Car-Mart had a negative return on equity of 6.54% and a negative net margin of 2.25%. The business had revenue of $364.67 million for the quarter, compared to analysts’ expectations of $361.48 million. During the same period in the prior year, the business posted $0.32 earnings per share. The firm’s revenue was down 5.8% on a year-over-year basis. As a group, analysts forecast that America’s Car-Mart will post 3.07 earnings per share for the current fiscal year.

Insider Activity at America’s Car-Mart

In related news, CEO Douglas W. Jr. Campbell purchased 3,229 shares of America’s Car-Mart stock in a transaction on Monday, April 8th. The stock was acquired at an average cost of $61.62 per share, for a total transaction of $198,970.98. Following the completion of the acquisition, the chief executive officer now owns 70,841 shares of the company’s stock, valued at approximately $4,365,222.42. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder Adam K. Peterson acquired 13,550 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was purchased at an average price of $57.87 per share, for a total transaction of $784,138.50. Following the completion of the acquisition, the insider now directly owns 742,000 shares in the company, valued at approximately $42,939,540. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas W. Jr. Campbell bought 3,229 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was purchased at an average price of $61.62 per share, for a total transaction of $198,970.98. Following the completion of the acquisition, the chief executive officer now owns 70,841 shares in the company, valued at $4,365,222.42. The disclosure for this purchase can be found here. Insiders have purchased 25,279 shares of company stock worth $1,474,834 in the last quarter. Company insiders own 14.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CRMT. Magnolia Group LLC grew its holdings in shares of America’s Car-Mart by 14.1% during the first quarter. Magnolia Group LLC now owns 719,950 shares of the company’s stock valued at $45,983,000 after buying an additional 88,899 shares during the last quarter. Vanguard Group Inc. lifted its position in America’s Car-Mart by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 406,388 shares of the company’s stock valued at $36,977,000 after acquiring an additional 5,349 shares in the last quarter. WCM Investment Management LLC boosted its stake in America’s Car-Mart by 2.1% during the 1st quarter. WCM Investment Management LLC now owns 224,875 shares of the company’s stock valued at $14,363,000 after purchasing an additional 4,604 shares during the last quarter. Invesco Ltd. boosted its stake in America’s Car-Mart by 5.7% during the 3rd quarter. Invesco Ltd. now owns 123,760 shares of the company’s stock valued at $11,261,000 after purchasing an additional 6,720 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in America’s Car-Mart by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 86,163 shares of the company’s stock worth $7,840,000 after purchasing an additional 1,639 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 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.