America’s Car-Mart (NASDAQ:CRMT) Now Covered by Stephens

Research analysts at Stephens assumed coverage on shares of America’s Car-Mart (NASDAQ:CRMT) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The brokerage set an “equal weight” rating and a $50.00 price target on the stock. Stephens’ target price points to a potential upside of 19.05% from the company’s previous close.

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

America’s Car-Mart Stock Performance

Shares of America’s Car-Mart stock opened at $42.00 on Wednesday. The company has a fifty day moving average of $43.80 and a 200-day moving average of $55.47. America’s Car-Mart has a 52-week low of $37.98 and a 52-week high of $85.68. The stock has a market capitalization of $268.80 million, a price-to-earnings ratio of -7.33, a price-to-earnings-growth ratio of 1.28 and a beta of 1.67.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.66 by ($0.81). The company had revenue of $347.76 million during the quarter, compared to the consensus estimate 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%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 earnings per share. On average, equities research analysts forecast that America’s Car-Mart will post 0.93 earnings per share for the current fiscal year.

Insider Activity

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

Hedge Funds Weigh In On America’s Car-Mart

A number of institutional investors and hedge funds have recently made changes to their positions in CRMT. Quest Partners LLC raised its stake in America’s Car-Mart by 3,215.7% during the 3rd quarter. Quest Partners LLC now owns 6,565 shares of the company’s stock worth $275,000 after acquiring an additional 6,367 shares during the period. Platform Technology Partners bought a new stake in America’s Car-Mart during the 3rd quarter worth approximately $312,000. WCM Investment Management LLC raised its stake in America’s Car-Mart by 4.2% during the 3rd quarter. WCM Investment Management LLC now owns 232,835 shares of the company’s stock worth $10,107,000 after acquiring an additional 9,326 shares during the period. Sentry Investment Management LLC bought a new stake in America’s Car-Mart during the 3rd quarter worth approximately $113,000. Finally, Yacktman Asset Management LP raised its stake in America’s Car-Mart by 10.3% during the 3rd quarter. Yacktman Asset Management LP now owns 32,000 shares of the company’s stock worth $1,341,000 after acquiring an additional 3,000 shares during the period. Hedge funds and other 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 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.