America’s Car-Mart (NASDAQ:CRMT) Upgraded to Buy at StockNews.com

America’s Car-Mart (NASDAQ:CRMT) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Separately, Stephens raised America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

America’s Car-Mart Stock Up 2.4 %

Shares of America’s Car-Mart stock traded up $1.18 on Friday, reaching $49.78. The stock had a trading volume of 62,183 shares, compared to its average volume of 95,532. America’s Car-Mart has a 1 year low of $37.98 and a 1 year high of $74.10. The company has a 50 day moving average price of $49.24 and a 200 day moving average price of $50.98. The stock has a market capitalization of $410.69 million, a P/E ratio of -60.71, a P/E/G ratio of 4.84 and a beta of 1.64.

Institutional Investors Weigh In On America’s Car-Mart

A number of large investors have recently made changes to their positions in CRMT. R Squared Ltd acquired a new stake in America’s Car-Mart during the 4th quarter worth about $28,000. Argent Capital Management LLC purchased a new stake in America’s Car-Mart in the fourth quarter valued at approximately $315,000. JPMorgan Chase & Co. raised its position in America’s Car-Mart by 351.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company’s stock worth $3,085,000 after buying an additional 57,304 shares during the last quarter. Geode Capital Management LLC lifted its stake in America’s Car-Mart by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock valued at $5,896,000 after acquiring an additional 2,807 shares during the period. Finally, State Street Corp boosted its holdings in shares of America’s Car-Mart by 1.0% in the 3rd quarter. State Street Corp now owns 180,055 shares of the company’s stock valued at $7,548,000 after acquiring an additional 1,810 shares during the last quarter. 89.10% of the stock is owned by hedge funds and other 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.