America’s Car-Mart (NASDAQ:CRMT) Downgraded by StockNews.com

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

A number of other analysts have also commented on CRMT. Bank of America reduced their target price on America’s Car-Mart from $55.00 to $50.00 and set an underperform rating for the company in a report on Wednesday, April 10th. BTIG Research began coverage on America’s Car-Mart in a report on Friday, June 7th. They issued a neutral rating for the company. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat, America’s Car-Mart presently has a consensus rating of Hold and an average target price of $66.00.

America’s Car-Mart Stock Down 3.7 %

CRMT stock opened at $63.65 on Friday. America’s Car-Mart has a twelve month low of $55.00 and a twelve month high of $122.01. The firm has a market cap of $407.36 million, a PE ratio of -12.86, a price-to-earnings-growth ratio of 2.72 and a beta of 1.70. The business has a 50 day moving average of $62.07 and a 200 day moving average of $61.94.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Tuesday, June 18th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $364.67 million during the quarter, compared to analyst estimates of $361.48 million. America’s Car-Mart had a negative return on equity of 6.54% and a negative net margin of 2.25%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.32 EPS. On average, research analysts expect that America’s Car-Mart will post 2.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Adam K. Peterson acquired 26,410 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average price of $57.74 per share, with a total value of $1,524,913.40. Following the completion of the acquisition, the insider now directly owns 768,410 shares of the company’s stock, valued at approximately $44,367,993.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.10% of the stock is currently owned by corporate insiders.

Institutional Trading of America’s Car-Mart

Several large investors have recently modified their holdings of CRMT. Magnolia Group LLC grew its holdings in shares of America’s Car-Mart by 14.1% in the first quarter. Magnolia Group LLC now owns 719,950 shares of the company’s stock worth $45,983,000 after acquiring an additional 88,899 shares during the period. WCM Investment Management LLC grew its holdings in shares of America’s Car-Mart by 14.0% in the fourth quarter. WCM Investment Management LLC now owns 220,271 shares of the company’s stock worth $17,505,000 after acquiring an additional 27,027 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of America’s Car-Mart by 121.0% in the first quarter. BNP Paribas Financial Markets now owns 38,259 shares of the company’s stock worth $2,444,000 after acquiring an additional 20,949 shares during the period. Yacktman Asset Management LP lifted its position in America’s Car-Mart by 70.0% during the fourth quarter. Yacktman Asset Management LP now owns 34,000 shares of the company’s stock valued at $2,576,000 after purchasing an additional 14,000 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in America’s Car-Mart by 1.3% during the third quarter. Vanguard Group Inc. now owns 406,388 shares of the company’s stock valued at $36,977,000 after purchasing an additional 5,349 shares in the last quarter. Institutional investors 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.