America’s Car-Mart (NASDAQ:CRMT) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a hold rating to a buy rating in a report published on Friday morning.

Separately, Stephens upgraded shares of America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

America’s Car-Mart Stock Up 0.2 %

Shares of NASDAQ:CRMT opened at $44.54 on Friday. The company has a 50-day moving average price of $47.17 and a 200 day moving average price of $47.46. America’s Car-Mart has a 52 week low of $36.40 and a 52 week high of $74.10. The company has a market cap of $367.59 million, a P/E ratio of -54.32, a PEG ratio of 1.41 and a beta of 1.64.

America’s Car-Mart (NASDAQ:CRMT) last issued its earnings results on Thursday, March 6th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.38. The company had revenue of $325.73 million for the quarter, compared to analyst estimates of $282.83 million. America’s Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. Analysts expect that America’s Car-Mart will post 0.86 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CRMT. Vanguard Group Inc. increased its holdings in America’s Car-Mart by 7.7% during the 4th quarter. Vanguard Group Inc. now owns 426,452 shares of the company’s stock valued at $21,856,000 after acquiring an additional 30,306 shares in the last quarter. WCM Investment Management LLC grew its position in shares of America’s Car-Mart by 39.2% in the fourth quarter. WCM Investment Management LLC now owns 324,091 shares of the company’s stock valued at $16,577,000 after purchasing an additional 91,256 shares during the last quarter. North Reef Capital Management LP raised its position in shares of America’s Car-Mart by 7.9% during the 4th quarter. North Reef Capital Management LP now owns 227,000 shares of the company’s stock worth $11,634,000 after purchasing an additional 16,593 shares during the last quarter. Kize Capital LP purchased a new stake in America’s Car-Mart in the 4th quarter valued at approximately $11,043,000. Finally, State Street Corp lifted its stake in America’s Car-Mart by 1.0% in the 3rd quarter. State Street Corp now owns 180,055 shares of the company’s stock valued at $7,548,000 after buying an additional 1,810 shares in the last quarter. 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 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.