ValuEngine cut shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded America’s Car-Mart from a strong sell rating to a hold rating in a report on Tuesday, April 25th. Jefferies Group LLC reiterated a hold rating and issued a $36.00 price objective on shares of America’s Car-Mart in a report on Friday, May 12th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $41.67.

Shares of America’s Car-Mart (CRMT) opened at 36.90 on Wednesday. The company has a market cap of $278.26 million, a PE ratio of 14.72 and a beta of 0.94. America’s Car-Mart has a one year low of $30.20 and a one year high of $47.75. The stock’s 50 day moving average is $38.09 and its 200-day moving average is $36.83.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Thursday, August 17th. The company reported $0.90 EPS for the quarter, meeting analysts’ consensus estimates of $0.90. America’s Car-Mart had a return on equity of 8.72% and a net margin of 3.41%. The business had revenue of $146.40 million for the quarter, compared to the consensus estimate of $153.05 million. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts expect that America’s Car-Mart will post $3.05 earnings per share for the current year.

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In other news, major shareholder Magnolia Capital Fund, Lp bought 4,323 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The stock was purchased at an average cost of $36.75 per share, with a total value of $158,870.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William H. Henderson sold 6,250 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $38.85, for a total value of $242,812.50. Following the completion of the sale, the chief executive officer now directly owns 93,440 shares of the company’s stock, valued at $3,630,144. The disclosure for this sale can be found here. In the last quarter, insiders bought 76,896 shares of company stock worth $2,830,571 and sold 26,500 shares worth $999,903. Corporate insiders own 11.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in CRMT. Magnolia Group LLC purchased a new stake in shares of America’s Car-Mart during the first quarter worth about $16,368,000. Kennedy Capital Management Inc. boosted its stake in shares of America’s Car-Mart by 95.7% in the first quarter. Kennedy Capital Management Inc. now owns 241,362 shares of the company’s stock worth $8,798,000 after buying an additional 118,027 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of America’s Car-Mart by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 550,283 shares of the company’s stock worth $20,058,000 after buying an additional 35,398 shares during the period. Vanguard Group Inc. boosted its stake in shares of America’s Car-Mart by 6.2% in the second quarter. Vanguard Group Inc. now owns 348,311 shares of the company’s stock worth $13,549,000 after buying an additional 20,317 shares during the period. Finally, TFS Capital LLC purchased a new stake in shares of America’s Car-Mart during the first quarter worth about $635,000. 83.55% of the stock is owned by hedge funds and other institutional investors.

About America’s Car-Mart

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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