America’s Car-Mart (NASDAQ:CRMT) Stock Rating Upgraded by StockNews.com

America’s Car-Mart (NASDAQ:CRMT) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

America’s Car-Mart Stock Up 9.2 %

Shares of CRMT opened at $47.50 on Tuesday. The firm has a market cap of $392.45 million, a price-to-earnings ratio of -57.93, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. The company’s fifty day moving average is $46.18 and its 200-day moving average is $46.11. America’s Car-Mart has a 12 month low of $36.40 and a 12 month high of $72.26.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.38. America’s Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. The company had revenue of $325.73 million during the quarter, compared to the consensus estimate of $282.83 million. As a group, research analysts predict that America’s Car-Mart will post 0.86 earnings per share for the current fiscal year.

Insider Transactions at America’s Car-Mart

In other news, Director Jonathan Z. Buba bought 75,000 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the purchase, the director now owns 619,686 shares of the company’s stock, valued at $27,142,246.80. This represents a 13.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 19.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of America’s Car-Mart by 15,425.0% during the first quarter. GAMMA Investing LLC now owns 13,662 shares of the company’s stock worth $620,000 after buying an additional 13,574 shares during the last quarter. Squarepoint Ops LLC raised its stake in America’s Car-Mart by 16.1% during the fourth quarter. Squarepoint Ops LLC now owns 15,510 shares of the company’s stock worth $795,000 after acquiring an additional 2,148 shares in the last quarter. SG Capital Management LLC bought a new position in shares of America’s Car-Mart during the fourth quarter valued at $6,604,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of America’s Car-Mart by 31.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company’s stock valued at $208,000 after acquiring an additional 965 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in shares of America’s Car-Mart in the 4th quarter valued at $383,000. Institutional investors and hedge funds 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 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.