America’s Car-Mart (NASDAQ:CRMT) Coverage Initiated by Analysts at Stephens

Stephens started coverage on shares of America’s Car-Mart (NASDAQ:CRMT) in a report issued on Wednesday, MarketBeat.com reports. The firm issued an equal weight rating and a $50.00 price target on the stock.

Separately, StockNews.com raised America’s Car-Mart from a “sell” rating to a “hold” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.00.

America’s Car-Mart Stock Performance

Shares of NASDAQ CRMT opened at $42.18 on Wednesday. The company’s 50 day moving average price is $43.45 and its 200-day moving average price is $55.36. America’s Car-Mart has a 52-week low of $37.98 and a 52-week high of $85.68.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.81). The company had revenue of $347.76 million during the quarter, compared to analysts’ expectations of $338.78 million. America’s Car-Mart had a negative return on equity of 7.75% and a negative net margin of 2.66%. America’s Car-Mart’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. On average, analysts predict that America’s Car-Mart will post 0.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Adam K. Peterson purchased 813,953 shares of America’s Car-Mart stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average cost of $43.00 per share, for a total transaction of $34,999,979.00. Following the completion of the transaction, the insider now owns 1,582,363 shares in the company, valued at $68,041,609. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other news, major shareholder Adam K. Peterson acquired 813,953 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of $43.00 per share, for a total transaction of $34,999,979.00. Following the acquisition, the insider now owns 1,582,363 shares of the company’s stock, valued at $68,041,609. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joshua G. Welch acquired 23,255 shares of the stock in a transaction dated Thursday, September 19th. The shares were acquired at an average cost of $43.00 per share, with a total value of $999,965.00. Following the completion of the transaction, the director now owns 148,955 shares in the company, valued at approximately $6,405,065. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On America’s Car-Mart

Hedge funds have recently made changes to their positions in the business. Sentry Investment Management LLC purchased a new stake in shares of America’s Car-Mart during the third quarter worth about $113,000. EntryPoint Capital LLC bought a new position in shares of America’s Car-Mart in the first quarter valued at $178,000. Hsbc Holdings PLC bought a new position in shares of America’s Car-Mart in the second quarter valued at $221,000. Argent Capital Management LLC acquired a new stake in America’s Car-Mart during the 2nd quarter valued at $231,000. Finally, Bayesian Capital Management LP purchased a new position in shares of America’s Car-Mart during the 1st quarter valued at $240,000. 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.