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

StockNews.com downgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a hold rating to a sell rating in a research report report published on Tuesday morning.

Other equities research analysts also recently issued reports about the company. Bank of America dropped their target price on America’s Car-Mart from $55.00 to $50.00 and set an underperform rating on the stock in a report on Wednesday, April 10th. BTIG Research assumed coverage on America’s Car-Mart in a research note on Friday, June 7th. They set a neutral rating on the stock. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $66.00.

America’s Car-Mart Price Performance

CRMT stock traded down $0.13 during midday trading on Tuesday, hitting $59.16. The stock had a trading volume of 20,800 shares, compared to its average volume of 94,557. The business has a 50-day moving average of $62.68 and a two-hundred day moving average of $62.20. The firm has a market cap of $378.15 million, a price-to-earnings ratio of -11.98, a price-to-earnings-growth ratio of 0.76 and a beta of 1.69. America’s Car-Mart has a 52-week low of $55.00 and a 52-week high of $114.73.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Tuesday, June 18th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. America’s Car-Mart had a negative net margin of 2.25% and a negative return on equity of 6.54%. The firm had revenue of $364.67 million for the quarter, compared to the consensus estimate of $361.48 million. The company’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. Research analysts predict that America’s Car-Mart will post 2.14 earnings per share for the current year.

Insider Transactions at America’s Car-Mart

In related news, major shareholder Adam K. Peterson acquired 26,410 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were bought at an average price of $57.74 per share, for a total transaction of $1,524,913.40. Following the completion of the transaction, the insider now directly owns 768,410 shares in the company, valued at $44,367,993.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 14.10% of the company’s stock.

Institutional Trading of America’s Car-Mart

A number of hedge funds have recently bought and sold shares of CRMT. Vanguard Group Inc. grew its stake in shares of America’s Car-Mart by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 406,388 shares of the company’s stock valued at $36,977,000 after purchasing an additional 5,349 shares during the period. WCM Investment Management LLC boosted its holdings in shares of America’s Car-Mart by 14.0% in the fourth quarter. WCM Investment Management LLC now owns 220,271 shares of the company’s stock worth $17,505,000 after buying an additional 27,027 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in America’s Car-Mart during the fourth quarter valued at approximately $220,000. Everence Capital Management Inc. purchased a new stake in America’s Car-Mart during the fourth quarter valued at approximately $246,000. Finally, Cornerstone Investment Partners LLC raised its position in America’s Car-Mart by 56.0% in the fourth quarter. Cornerstone Investment Partners LLC now owns 3,963 shares of the company’s stock worth $300,000 after acquiring an additional 1,423 shares during the period. Hedge funds and other institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Company Profile

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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.