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

America's Car-Mart (NASDAQ:CRMT - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Thursday.

America's Car-Mart Stock Performance

CRMT stock traded down $0.62 during trading on Thursday, hitting $48.63. 41,368 shares of the company's stock traded hands, compared to its average volume of 98,730. America's Car-Mart has a 52 week low of $36.40 and a 52 week high of $72.26. The business has a fifty day simple moving average of $45.70 and a 200 day simple moving average of $46.67. The stock has a market capitalization of $401.78 million, a price-to-earnings ratio of -59.30, a P/E/G ratio of 1.41 and a beta of 1.40.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.38. America's Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The business had revenue of $325.73 million during the quarter, compared to analyst estimates of $282.83 million. Research analysts forecast that America's Car-Mart will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling at America's Car-Mart

In other news, Director Jonathan Z. Buba bought 75,000 shares of America's Car-Mart stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $43.80 per share, with a total value of $3,285,000.00. Following the completion of the purchase, the director now owns 619,686 shares in the company, valued at $27,142,246.80. The trade was a 13.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 19.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On America's Car-Mart

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of America's Car-Mart by 7.7% in the fourth 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 during the period. WCM Investment Management LLC raised its stake 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 acquiring an additional 91,256 shares during the period. North Reef Capital Management LP raised its stake in shares of America's Car-Mart by 7.9% in the fourth quarter. North Reef Capital Management LP now owns 227,000 shares of the company's stock valued at $11,634,000 after acquiring an additional 16,593 shares during the period. Kize Capital LP purchased a new stake in shares of America's Car-Mart in the fourth quarter valued at $11,043,000. Finally, State Street Corp raised its stake in shares of America's Car-Mart by 1.0% in the third quarter. State Street Corp now owns 180,055 shares of the company's stock valued at $7,548,000 after acquiring an additional 1,810 shares during the period. 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.