America’s Car-Mart (NASDAQ:CRMT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a sell rating to a hold rating in a report released on Saturday morning.

CRMT has been the topic of several other research reports. Stephens cut their price objective on shares of America’s Car-Mart from $67.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, September 5th. Weiss Ratings restated a “sell (d)” rating on shares of America’s Car-Mart in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, America’s Car-Mart currently has a consensus rating of “Hold” and a consensus target price of $45.00.

America’s Car-Mart Stock Up 8.0%

CRMT opened at $26.86 on Friday. America’s Car-Mart has a 52-week low of $24.85 and a 52-week high of $62.72. The company has a market cap of $222.40 million, a P/E ratio of 17.33 and a beta of 1.23. The firm’s 50-day moving average price is $35.68 and its 200-day moving average price is $45.48.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Thursday, September 4th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($1.38). America’s Car-Mart had a net margin of 0.95% and a return on equity of 1.08%. The company had revenue of $125.45 million for the quarter, compared to analyst estimates of $350.35 million. On average, research analysts anticipate that America’s Car-Mart will post 0.86 EPS for the current fiscal year.

Institutional Investors Weigh In On America’s Car-Mart

A number of large investors have recently bought and sold shares of the company. Nantahala Capital Management LLC boosted its position in America’s Car-Mart by 18.4% in the first quarter. Nantahala Capital Management LLC now owns 644,686 shares of the company’s stock valued at $29,262,000 after buying an additional 100,000 shares during the last quarter. Vanguard Group Inc. boosted its position in America’s Car-Mart by 3.3% in the first quarter. Vanguard Group Inc. now owns 440,347 shares of the company’s stock valued at $19,987,000 after buying an additional 13,895 shares during the last quarter. Kize Capital LP boosted its position in America’s Car-Mart by 34.5% in the first quarter. Kize Capital LP now owns 289,712 shares of the company’s stock valued at $13,150,000 after buying an additional 74,240 shares during the last quarter. SG Capital Management LLC boosted its position in America’s Car-Mart by 71.5% in the second quarter. SG Capital Management LLC now owns 212,339 shares of the company’s stock valued at $11,899,000 after buying an additional 88,554 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in America’s Car-Mart by 11.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock worth $8,890,000 after purchasing an additional 19,389 shares in the last quarter. 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.