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

A number of other analysts also recently issued reports on the company. ValuEngine downgraded America’s Car-Mart from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Stephens initiated coverage on America’s Car-Mart in a research note on Wednesday, August 23rd. They issued an “equal weight” rating and a $42.00 price objective on the stock. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $41.00 price objective on shares of America’s Car-Mart in a research note on Friday, August 18th.

Shares of America’s Car-Mart (CRMT) traded down 1.83% on Monday, reaching $42.80. 44,804 shares of the company’s stock were exchanged. America’s Car-Mart has a one year low of $30.20 and a one year high of $47.75. The company has a 50 day moving average price of $41.55 and a 200 day moving average price of $38.57. The firm has a market cap of $315.22 million, a PE ratio of 17.08 and a beta of 0.96.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, August 17th. The company reported $0.90 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 business had revenue of $146.40 million for the quarter, compared to the consensus estimate of $153.05 million. During the same quarter in the previous year, the company posted $0.87 EPS. The company’s revenue was up .4% compared to the same quarter last year. Analysts expect that America’s Car-Mart will post $3.07 EPS for the current fiscal year.

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In related news, major shareholder Magnolia Capital Fund, Lp bought 14,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were purchased at an average price of $37.61 per share, with a total value of $526,540.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William H. Henderson sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.65, for a total value of $254,062.50. Following the transaction, the chief executive officer now directly owns 93,440 shares in the company, valued at approximately $3,798,336. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 34,756 shares of company stock worth $1,289,442 and sold 46,120 shares worth $1,811,480. Insiders own 11.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP increased its position in shares of America’s Car-Mart by 211.1% during the 4th quarter. Two Sigma Investments LP now owns 17,867 shares of the company’s stock valued at $782,000 after purchasing an additional 12,124 shares during the last quarter. Pastel & Associes SA bought a new position in shares of America’s Car-Mart during the 2nd quarter valued at approximately $4,063,000. Citadel Advisors LLC bought a new position in shares of America’s Car-Mart during the 3rd quarter valued at approximately $246,000. Prudential Financial Inc. bought a new position in shares of America’s Car-Mart during the 1st quarter valued at approximately $304,000. Finally, Yacktman Asset Management LP increased its position in shares of America’s Car-Mart by 1,198.1% during the 4th quarter. Yacktman Asset Management LP now owns 249,229 shares of the company’s stock valued at $6,652,000 after purchasing an additional 230,029 shares during the last quarter. 88.39% 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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