America’s Car-Mart (NASDAQ:CRMT) Earns Equal Weight Rating from Analysts at Stephens

Stephens initiated coverage on shares of America’s Car-Mart (NASDAQ:CRMT) in a research report report published on Wednesday, Marketbeat reports. The firm issued an equal weight rating and a $50.00 price target on the stock.

Separately, StockNews.com raised shares of America’s Car-Mart from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, America’s Car-Mart has a consensus rating of “Hold” and an average target price of $50.00.

America’s Car-Mart Stock Up 0.4 %

CRMT opened at $42.18 on Wednesday. The company has a fifty day moving average price of $43.45 and a two-hundred day moving average price of $55.36. America’s Car-Mart has a 52 week low of $37.98 and a 52 week high of $85.68.

America’s Car-Mart (NASDAQ:CRMT) last released its quarterly earnings data on Wednesday, September 4th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.81). America’s Car-Mart had a negative return on equity of 7.75% and a negative net margin of 2.66%. The firm had revenue of $347.76 million for the quarter, compared to analyst estimates of $338.78 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, research analysts predict that America’s Car-Mart will post 0.93 earnings per share for the current fiscal year.

Insider Transactions at America’s Car-Mart

In other America’s Car-Mart news, major shareholder Adam K. Peterson acquired 813,953 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of $43.00 per share, with a total value of $34,999,979.00. Following the completion of the acquisition, the insider now owns 1,582,363 shares in the company, valued at $68,041,609. This represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Joshua G. Welch purchased 23,255 shares of the stock in a transaction dated Thursday, September 19th. The shares were acquired at an average cost of $43.00 per share, for a total transaction of $999,965.00. Following the acquisition, the director now owns 148,955 shares of the company’s stock, valued at approximately $6,405,065. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Adam K. Peterson acquired 813,953 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average cost of $43.00 per share, with a total value of $34,999,979.00. Following the completion of the transaction, the insider now directly owns 1,582,363 shares in the company, valued at $68,041,609. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On America’s Car-Mart

A number of hedge funds and other institutional investors have recently made changes to their positions in CRMT. Sentry Investment Management LLC acquired a new stake in America’s Car-Mart in the 3rd quarter valued at $113,000. EntryPoint Capital LLC purchased a new position in shares of America’s Car-Mart during the 1st quarter worth $178,000. Hsbc Holdings PLC purchased a new position in shares of America’s Car-Mart during the 2nd quarter worth $221,000. Argent Capital Management LLC purchased a new stake in America’s Car-Mart in the 2nd quarter valued at about $231,000. Finally, Bayesian Capital Management LP purchased a new stake in America’s Car-Mart in the 1st quarter valued at about $240,000. 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.