America’s Car-Mart (NASDAQ:CRMT) Rating Lowered to “Sell” at Wall Street Zen

America’s Car-Mart (NASDAQ:CRMT) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Friday.

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

America’s Car-Mart Trading Down 0.6%

Shares of CRMT stock opened at $21.70 on Friday. America’s Car-Mart has a 12 month low of $17.78 and a 12 month high of $62.72. The stock has a market cap of $179.63 million, a P/E ratio of 14.00 and a beta of 1.23. The company has a 50 day simple moving average of $24.37 and a two-hundred day simple moving average of $40.26.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Thursday, September 4th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of $0.69 by ($1.38). America’s Car-Mart had a return on equity of 1.08% and a net margin of 0.95%.The business had revenue of $125.45 million for the quarter, compared to analysts’ expectations of $350.35 million. As a group, equities analysts forecast that America’s Car-Mart will post 0.86 earnings per share for the current year.

Institutional Investors Weigh In On America’s Car-Mart

A number of institutional investors and hedge funds have recently bought and sold shares of CRMT. Ameriprise Financial Inc. purchased a new position in shares of America’s Car-Mart in the third quarter valued at about $5,192,000. Massachusetts Institute of Technology bought a new stake in America’s Car-Mart during the 3rd quarter valued at approximately $4,890,000. Yacktman Asset Management LP lifted its holdings in America’s Car-Mart by 1,109.1% in the 3rd quarter. Yacktman Asset Management LP now owns 133,000 shares of the company’s stock worth $3,885,000 after purchasing an additional 122,000 shares in the last quarter. Nantahala Capital Management LLC boosted its stake in America’s Car-Mart by 18.4% in the 1st quarter. Nantahala Capital Management LLC now owns 644,686 shares of the company’s stock worth $29,262,000 after purchasing an additional 100,000 shares during the period. Finally, SG Capital Management LLC boosted its stake in America’s Car-Mart by 71.5% in the 2nd quarter. SG Capital Management LLC now owns 212,339 shares of the company’s stock worth $11,899,000 after purchasing an additional 88,554 shares during the period. 89.10% of the stock is owned by institutional investors.

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.