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

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

Separately, Jefferies Financial Group dropped their price objective on shares of America’s Car-Mart from $29.00 to $14.00 and set a “hold” rating on the stock in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $29.50.

America’s Car-Mart Price Performance

Shares of America’s Car-Mart stock opened at $12.32 on Friday. The firm’s fifty day simple moving average is $12.34 and its 200-day simple moving average is $19.32. The stock has a market capitalization of $102.26 million, a price-to-earnings ratio of -1.08 and a beta of 1.18. America’s Car-Mart has a 12 month low of $10.58 and a 12 month high of $62.72.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Thursday, March 12th. The company reported ($1.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($1.27). The firm had revenue of $222.62 million during the quarter, compared to analyst estimates of $329.26 million. America’s Car-Mart had a negative net margin of 6.99% and a negative return on equity of 2.63%.

Insider Activity at America’s Car-Mart

In other America’s Car-Mart news, major shareholder Adam K. Peterson sold 8,000 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $12.59, for a total transaction of $100,720.00. Following the sale, the insider directly owned 1,119,875 shares in the company, valued at approximately $14,099,226.25. The trade was a 0.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 18.50% of the company’s stock.

Institutional Investors Weigh In On America’s Car-Mart

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its position in shares of America’s Car-Mart by 492.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock worth $54,000 after purchasing an additional 990 shares in the last quarter. Aquatic Capital Management LLC boosted its position in shares of America’s Car-Mart by 48.2% in the 3rd quarter. Aquatic Capital Management LLC now owns 3,699 shares of the company’s stock worth $108,000 after buying an additional 1,203 shares in the last quarter. Deutsche Bank AG boosted its position in shares of America’s Car-Mart by 12.1% in the 4th quarter. Deutsche Bank AG now owns 4,450 shares of the company’s stock worth $112,000 after buying an additional 482 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of America’s Car-Mart by 264.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock worth $135,000 after buying an additional 1,747 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of America’s Car-Mart in the 3rd quarter worth about $137,000. 89.10% of the stock is currently owned by hedge funds and other institutional investors.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.