America’s Car-Mart, Inc. (NASDAQ:CRMT) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday.

According to Zacks, “America’s Car-Mart operates automotive dealerships and is one of the largest automotive retailers in the United States focused exclusively on the Buy Here/Pay Here segment of the used car market. The Company operates its dealerships primarily in small cities and rural locations throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. “

Separately, Jefferies Group LLC upped their price target on America’s Car-Mart from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Thursday, May 25th.

Shares of America’s Car-Mart (NASDAQ:CRMT) traded up 0.93% during mid-day trading on Tuesday, reaching $37.95. The company’s stock had a trading volume of 66,747 shares. America’s Car-Mart has a 52-week low of $30.20 and a 52-week high of $47.75. The firm’s 50 day moving average is $37.96 and its 200-day moving average is $37.53. The company has a market capitalization of $286.45 million, a PE ratio of 15.24 and a beta of 0.95.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Monday, May 22nd. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. The firm had revenue of $152.90 million for the quarter, compared to analyst estimates of $158.24 million. America’s Car-Mart had a return on equity of 8.82% and a net margin of 3.43%. America’s Car-Mart’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share. Analysts forecast that America’s Car-Mart will post $3.06 EPS for the current year.

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In related news, CEO William H. Henderson sold 6,250 shares of the company’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $37.00, for a total transaction of $231,250.00. Following the transaction, the chief executive officer now directly owns 93,440 shares of the company’s stock, valued at $3,457,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William H. Henderson sold 1,608 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $38.09, for a total value of $61,248.72. Following the transaction, the chief executive officer now directly owns 89,298 shares in the company, valued at $3,401,360.82. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 35,700 shares of company stock worth $1,287,977 and have sold 21,858 shares worth $818,339. 11.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP raised its position in America’s Car-Mart by 211.1% in the fourth quarter. Two Sigma Investments LP now owns 17,867 shares of the company’s stock valued at $782,000 after buying an additional 12,124 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of America’s Car-Mart during the fourth quarter valued at $529,000. WCM Investment Management CA raised its position in shares of America’s Car-Mart by 12.1% in the first quarter. WCM Investment Management CA now owns 204,642 shares of the company’s stock valued at $7,459,000 after buying an additional 22,045 shares during the last quarter. Horrell Capital Management Inc. raised its position in shares of America’s Car-Mart by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock valued at $994,000 after buying an additional 100 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its position in shares of America’s Car-Mart by 4.9% in the first quarter. Jupiter Asset Management Ltd. now owns 152,388 shares of the company’s stock valued at $5,555,000 after buying an additional 7,060 shares during the last quarter. 83.86% of the stock is currently owned by hedge funds and other institutional investors.

About America’s Car-Mart

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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