Zacks Investment Research downgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a strong-buy rating to a hold rating in a report published on Tuesday morning.

According to Zacks, “America’s Car-Mart operates automotive dealerships and is one of the largest automotive retailers in the United States focused exclusively on the Buy Here/Pay Here segment of the used car market. The Company operates its dealerships primarily in small cities and rural locations throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. “

A number of other research analysts have also recently weighed in on CRMT. TheStreet upgraded shares of America’s Car-Mart from a c+ rating to a b rating in a research note on Wednesday, August 15th. Jefferies Financial Group restated a hold rating and set a $82.00 target price on shares of America’s Car-Mart in a research note on Friday, August 17th. Janney Montgomery Scott upgraded shares of America’s Car-Mart from a neutral rating to a buy rating and lifted their target price for the company from $61.00 to $96.00 in a research note on Monday, August 20th. Stephens set a $84.00 target price on shares of America’s Car-Mart and gave the company a hold rating in a research note on Monday, August 20th. Finally, BidaskClub upgraded shares of America’s Car-Mart from a hold rating to a buy rating in a research note on Tuesday, August 21st. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $86.20.

Shares of America’s Car-Mart stock traded down $1.32 on Tuesday, hitting $75.47. 37,876 shares of the company’s stock were exchanged, compared to its average volume of 61,950. The stock has a market capitalization of $526.71 million, a PE ratio of 20.96, a P/E/G ratio of 0.73 and a beta of 1.01. America’s Car-Mart has a 1 year low of $41.55 and a 1 year high of $89.85.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Thursday, August 16th. The company reported $1.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.38. The business had revenue of $164.02 million for the quarter, compared to analysts’ expectations of $161.39 million. America’s Car-Mart had a net margin of 6.41% and a return on equity of 13.52%. On average, equities research analysts expect that America’s Car-Mart will post 5.34 EPS for the current fiscal year.

In other America’s Car-Mart news, Director Robert Cameron Smith sold 3,550 shares of America’s Car-Mart stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $85.15, for a total value of $302,282.50. Following the sale, the director now directly owns 133,779 shares in the company, valued at approximately $11,391,281.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ray C. Dillon purchased 1,000 shares of America’s Car-Mart stock in a transaction on Friday, September 21st. The stock was bought at an average price of $80.45 per share, for a total transaction of $80,450.00. Following the completion of the acquisition, the director now owns 2,500 shares in the company, valued at approximately $201,125. The disclosure for this purchase can be found here. 10.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CRMT. Russell Investments Group Ltd. bought a new stake in America’s Car-Mart in the 2nd quarter valued at $207,000. Jane Street Group LLC bought a new stake in America’s Car-Mart in the 2nd quarter valued at $235,000. Tower Research Capital LLC TRC bought a new stake in shares of America’s Car-Mart in the 2nd quarter worth about $272,000. Spark Investment Management LLC bought a new stake in shares of America’s Car-Mart in the 2nd quarter worth about $297,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of America’s Car-Mart in the 2nd quarter worth about $316,000. Institutional investors own 70.45% 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. The company primarily sells older model used vehicles and provides financing for its customers. As of June 28, 2018, it operated 140 dealerships. America's Car-Mart, Inc was founded in 1981 and is based in Bentonville, Arkansas.

Featured Story: Ex-Dividend

Get a free copy of the Zacks research report on America’s Car-Mart (CRMT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for America's Car-Mart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America's Car-Mart and related companies with MarketBeat.com's FREE daily email newsletter.