Wall Street Zen Downgrades America’s Car-Mart (NASDAQ:CRMT) to Buy

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

America’s Car-Mart Stock Down 1.1%

Shares of CRMT stock opened at $44.75 on Friday. America’s Car-Mart has a 12-month low of $36.40 and a 12-month high of $63.33. The company has a market capitalization of $370.53 million, a P/E ratio of 21.41 and a beta of 1.32. The firm has a 50-day moving average price of $52.37 and a 200 day moving average price of $49.20.

America’s Car-Mart (NASDAQ:CRMT) last announced its quarterly earnings results on Tuesday, June 17th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.39. America’s Car-Mart had a net margin of 1.29% and a return on equity of 2.01%. The firm had revenue of $370.17 million during the quarter, compared to the consensus estimate of $369.77 million. During the same period last year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, research analysts expect that America’s Car-Mart will post 0.86 earnings per share for the current year.

Insider Buying and Selling at America’s Car-Mart

In other America’s Car-Mart news, major shareholder Adam K. Peterson sold 88,000 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $56.91, for a total value of $5,008,080.00. Following the completion of the transaction, the insider directly owned 1,428,094 shares of the company’s stock, valued at approximately $81,272,829.54. The trade was a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 154,269 shares of company stock valued at $8,689,460 over the last ninety days. Insiders own 19.60% of the company’s stock.

Hedge Funds Weigh In On America’s Car-Mart

A number of institutional investors have recently modified their holdings of CRMT. SG Capital Management LLC bought a new position in shares of America’s Car-Mart in the fourth quarter worth about $6,604,000. Nantahala Capital Management LLC raised its stake in shares of America’s Car-Mart by 18.4% in the first quarter. Nantahala Capital Management LLC now owns 644,686 shares of the company’s stock worth $29,262,000 after acquiring an additional 100,000 shares during the last quarter. Divisadero Street Capital Management LP raised its stake in shares of America’s Car-Mart by 126.8% in the second quarter. Divisadero Street Capital Management LP now owns 134,471 shares of the company’s stock worth $7,536,000 after acquiring an additional 75,190 shares during the last quarter. Kize Capital LP raised its stake in shares of America’s Car-Mart by 34.5% in the first quarter. Kize Capital LP now owns 289,712 shares of the company’s stock worth $13,150,000 after acquiring an additional 74,240 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of America’s Car-Mart in the second quarter worth about $3,603,000. 89.10% of the stock is owned by institutional investors.

About America’s Car-Mart

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.