StockNews.com Downgrades America’s Car-Mart (NASDAQ:CRMT) to Hold

America’s Car-Mart (NASDAQ:CRMT) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Separately, Stephens raised shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd.

America’s Car-Mart Stock Down 0.5 %

NASDAQ CRMT traded down $0.21 during trading hours on Monday, reaching $45.39. 78,036 shares of the company were exchanged, compared to its average volume of 98,798. The stock has a market capitalization of $375.01 million, a P/E ratio of -55.35, a P/E/G ratio of 1.41 and a beta of 1.71. America’s Car-Mart has a 1 year low of $36.40 and a 1 year high of $72.26. The business’s 50 day simple moving average is $46.90 and its 200-day simple moving average is $46.20.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.38. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The company had revenue of $325.73 million for the quarter, compared to analysts’ expectations of $282.83 million. As a group, sell-side analysts anticipate that America’s Car-Mart will post 0.86 earnings per share for the current year.

Insider Buying and Selling at America’s Car-Mart

In other news, Director Jonathan Z. Buba purchased 75,000 shares of the stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $43.80 per share, with a total value of $3,285,000.00. Following the completion of the acquisition, the director now owns 619,686 shares in the company, valued at $27,142,246.80. This represents a 13.77 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 19.60% of the company’s stock.

Institutional Trading of America’s Car-Mart

A number of hedge funds and other institutional investors have recently bought and sold shares of CRMT. Flaharty Asset Management LLC grew its holdings in shares of America’s Car-Mart by 75.0% during the fourth quarter. Flaharty Asset Management LLC now owns 7,000 shares of the company’s stock worth $359,000 after purchasing an additional 3,000 shares in the last quarter. JPMorgan Chase & Co. grew its stake in America’s Car-Mart by 351.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock worth $3,085,000 after buying an additional 57,304 shares in the last quarter. Geode Capital Management LLC raised its position in shares of America’s Car-Mart by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock valued at $5,896,000 after buying an additional 2,807 shares in the last quarter. PDT Partners LLC bought a new stake in shares of America’s Car-Mart during the 3rd quarter worth $974,000. Finally, Argent Capital Management LLC bought a new position in America’s Car-Mart in the fourth quarter valued at $315,000. Institutional investors 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.