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

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

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

America’s Car-Mart Trading Up 0.2 %

Shares of CRMT opened at $44.54 on Friday. The firm has a market capitalization of $367.59 million, a price-to-earnings ratio of -54.32, a PEG ratio of 1.41 and a beta of 1.64. The firm’s fifty day simple moving average is $47.17 and its 200-day simple moving average is $47.46. America’s Car-Mart has a twelve month low of $36.40 and a twelve month high of $74.10.

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

Hedge Funds Weigh In On America’s Car-Mart

Several large investors have recently bought and sold shares of CRMT. WCM Investment Management LLC lifted its holdings in shares of America’s Car-Mart by 4.2% in the 3rd quarter. WCM Investment Management LLC now owns 232,835 shares of the company’s stock valued at $10,107,000 after purchasing an additional 9,326 shares during the last quarter. Platform Technology Partners acquired a new position in America’s Car-Mart during the third quarter worth approximately $312,000. Quest Partners LLC lifted its stake in America’s Car-Mart by 3,215.7% in the third quarter. Quest Partners LLC now owns 6,565 shares of the company’s stock valued at $275,000 after buying an additional 6,367 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of America’s Car-Mart by 16.2% in the third quarter. BNP Paribas Financial Markets now owns 38,498 shares of the company’s stock valued at $1,614,000 after acquiring an additional 5,377 shares during the period. Finally, Waterfall Asset Management LLC purchased a new position in shares of America’s Car-Mart during the third quarter worth approximately $1,258,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

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.