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

StockNews.com cut shares of America’s Car-Mart (NASDAQ:CRMT) from a buy rating to a hold rating in a research note released on Thursday morning.

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

America’s Car-Mart Stock Performance

NASDAQ CRMT opened at $49.60 on Thursday. The company has a 50-day simple moving average of $50.01 and a two-hundred day simple moving average of $49.96. America’s Car-Mart has a 12-month low of $37.98 and a 12-month high of $74.10.

Institutional Investors Weigh In On America’s Car-Mart

Several large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. purchased a new stake in America’s Car-Mart during the 3rd quarter worth approximately $328,000. Yacktman Asset Management LP raised its position in America’s Car-Mart by 10.3% during the third quarter. Yacktman Asset Management LP now owns 32,000 shares of the company’s stock worth $1,341,000 after acquiring an additional 3,000 shares during the period. Sentry Investment Management LLC acquired a new position in America’s Car-Mart during the third quarter worth $113,000. WCM Investment Management LLC raised its position in America’s Car-Mart by 4.2% during the third quarter. WCM Investment Management LLC now owns 232,835 shares of the company’s stock worth $10,107,000 after acquiring an additional 9,326 shares during the period. Finally, Platform Technology Partners acquired a new stake in shares of America’s Car-Mart in the third quarter valued at about $312,000. 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.