America’s Car-Mart (NASDAQ:CRMT) Stock Rating Lowered by Wall Street Zen

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

Separately, Stephens decreased their price target on America’s Car-Mart from $67.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $45.00.

America’s Car-Mart Trading Down 4.0%

Shares of NASDAQ CRMT opened at $32.77 on Friday. The stock has a market capitalization of $271.34 million, a price-to-earnings ratio of 21.14 and a beta of 1.33. America’s Car-Mart has a 12-month low of $32.04 and a 12-month high of $62.72. The firm’s 50-day moving average price is $44.78 and its 200-day moving average price is $48.04.

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

Hedge Funds Weigh In On America’s Car-Mart

Institutional investors have recently bought and sold shares of the business. Nantahala Capital Management LLC lifted its holdings in America’s Car-Mart by 18.4% during the first quarter. Nantahala Capital Management LLC now owns 644,686 shares of the company’s stock worth $29,262,000 after buying an additional 100,000 shares during the period. Vanguard Group Inc. raised its position in shares of America’s Car-Mart by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 440,347 shares of the company’s stock worth $19,987,000 after acquiring an additional 13,895 shares in the last quarter. Kize Capital LP lifted its stake in shares of America’s Car-Mart by 34.5% during the 1st quarter. Kize Capital LP now owns 289,712 shares of the company’s stock worth $13,150,000 after purchasing an additional 74,240 shares during the last quarter. SG Capital Management LLC boosted its position in America’s Car-Mart by 71.5% during the second quarter. SG Capital Management LLC now owns 212,339 shares of the company’s stock valued at $11,899,000 after purchasing an additional 88,554 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in America’s Car-Mart by 11.0% in the first quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock valued at $8,890,000 after purchasing an additional 19,389 shares during the last quarter. 89.10% of the stock is owned by hedge funds and other 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.