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

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. “

Several other research firms also recently issued reports on CRMT. ValuEngine downgraded America’s Car-Mart from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Stephens began coverage on America’s Car-Mart in a report on Wednesday, August 23rd. They issued an “equal weight” rating and a $42.00 price target for the company. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $41.00 price target on shares of America’s Car-Mart in a report on Friday, August 18th.

Shares of America’s Car-Mart (CRMT) traded up 0.12% during trading on Monday, reaching $42.70. 25,926 shares of the company’s stock traded hands. The stock has a market capitalization of $314.49 million, a PE ratio of 17.04 and a beta of 0.97. America’s Car-Mart has a 1-year low of $30.20 and a 1-year high of $47.75. The company has a 50 day moving average price of $41.04 and a 200 day moving average price of $38.31.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings data on Thursday, August 17th. The company reported $0.90 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.90. America’s Car-Mart had a return on equity of 8.70% and a net margin of 3.41%. The company had revenue of $146.40 million for the quarter, compared to the consensus estimate of $153.05 million. During the same period in the previous year, the business earned $0.87 EPS. America’s Car-Mart’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts forecast that America’s Car-Mart will post $3.07 EPS for the current fiscal year.

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In other America’s Car-Mart news, CEO William H. Henderson sold 6,250 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.65, for a total transaction of $254,062.50. Following the completion of the transaction, the chief executive officer now owns 93,440 shares in the company, valued at approximately $3,798,336. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Magnolia Capital Fund, Lp purchased 19,000 shares of America’s Car-Mart stock in a transaction on Tuesday, July 25th. The shares were acquired at an average price of $37.71 per share, with a total value of $716,490.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 53,756 shares of company stock valued at $2,005,932 and have sold 46,120 shares valued at $1,811,480. Insiders own 11.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of America’s Car-Mart by 3,157.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the company’s stock valued at $137,000 after buying an additional 3,410 shares during the period. American International Group Inc. lifted its holdings in shares of America’s Car-Mart by 7.2% in the first quarter. American International Group Inc. now owns 4,864 shares of the company’s stock valued at $177,000 after buying an additional 326 shares during the period. Voya Investment Management LLC acquired a new stake in shares of America’s Car-Mart in the second quarter valued at $206,000. The Manufacturers Life Insurance Company lifted its holdings in shares of America’s Car-Mart by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 6,155 shares of the company’s stock valued at $240,000 after buying an additional 112 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of America’s Car-Mart in the third quarter valued at $246,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

America’s Car-Mart Company Profile

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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