America’s Car-Mart (NASDAQ:CRMT) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a hold rating to a sell rating in a report published on Tuesday.

Other research analysts have also recently issued research reports about the company. BTIG Research began coverage on America’s Car-Mart in a research report on Friday, June 7th. They issued a neutral rating on the stock. Bank of America decreased their price target on shares of America’s Car-Mart from $55.00 to $50.00 and set an underperform rating on the stock in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $66.00.

America’s Car-Mart Trading Down 0.7 %

America’s Car-Mart stock traded down $0.42 during trading hours on Tuesday, reaching $58.87. 44,551 shares of the stock were exchanged, compared to its average volume of 94,713. The stock has a 50 day moving average of $62.66 and a two-hundred day moving average of $62.16. The company has a market cap of $376.30 million, a P/E ratio of -11.89, a price-to-earnings-growth ratio of 0.76 and a beta of 1.69. America’s Car-Mart has a twelve month low of $55.00 and a twelve month high of $114.73.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings data on Tuesday, June 18th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $364.67 million for the quarter, compared to analysts’ expectations of $361.48 million. America’s Car-Mart had a negative net margin of 2.25% and a negative return on equity of 6.54%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. On average, analysts expect that America’s Car-Mart will post 2.14 earnings per share for the current fiscal year.

Insider Buying and Selling at America’s Car-Mart

In other news, major shareholder Adam K. Peterson purchased 26,410 shares of America’s Car-Mart stock in a transaction dated Tuesday, June 18th. The shares were bought at an average cost of $57.74 per share, for a total transaction of $1,524,913.40. Following the completion of the acquisition, the insider now owns 768,410 shares in the company, valued at approximately $44,367,993.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 14.10% of the company’s stock.

Institutional Trading of America’s Car-Mart

Several institutional investors have recently modified their holdings of CRMT. Vanguard Group Inc. lifted its holdings in America’s Car-Mart by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 406,388 shares of the company’s stock worth $36,977,000 after buying an additional 5,349 shares during the period. WCM Investment Management LLC increased its position in shares of America’s Car-Mart by 14.0% during the fourth quarter. WCM Investment Management LLC now owns 220,271 shares of the company’s stock worth $17,505,000 after buying an additional 27,027 shares during the period. Louisiana State Employees Retirement System bought a new position in America’s Car-Mart during the fourth quarter worth $220,000. Everence Capital Management Inc. acquired a new position in America’s Car-Mart in the fourth quarter valued at $246,000. Finally, Cornerstone Investment Partners LLC lifted its stake in shares of America’s Car-Mart by 56.0% in the 4th quarter. Cornerstone Investment Partners LLC now owns 3,963 shares of the company’s stock valued at $300,000 after purchasing an additional 1,423 shares during the period. Institutional investors own 89.10% of the company’s stock.

About America’s Car-Mart

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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.