America’s Car-Mart (NASDAQ:CRMT) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Other equities research analysts also recently issued research reports about the stock. Stephens reduced their price target on shares of America’s Car-Mart from $67.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, September 5th. Weiss Ratings restated a “sell (d)” rating on shares of America’s Car-Mart in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $45.00.

America’s Car-Mart Stock Down 1.9%

NASDAQ:CRMT opened at $24.87 on Friday. The stock has a fifty day simple moving average of $36.04 and a 200 day simple moving average of $45.59. The firm has a market capitalization of $205.92 million, a price-to-earnings ratio of 16.05 and a beta of 1.23. America’s Car-Mart has a 1-year low of $24.85 and a 1-year high of $62.72.

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

Hedge Funds Weigh In On America’s Car-Mart

Hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its holdings in shares of America’s Car-Mart by 492.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after acquiring an additional 990 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of America’s Car-Mart by 1,316.3% during the 1st quarter. AlphaQuest LLC now owns 1,997 shares of the company’s stock worth $91,000 after buying an additional 1,856 shares during the period. Tower Research Capital LLC TRC grew its stake in America’s Car-Mart by 264.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company’s stock valued at $135,000 after buying an additional 1,747 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new position in America’s Car-Mart in the 2nd quarter valued at $222,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in America’s Car-Mart by 6.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company’s stock worth $196,000 after acquiring an additional 255 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

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.