America's Car-Mart (NASDAQ:CRMT) Stock Rating Lowered by Wall Street Zen

Key Points

• Analysts at Wall Street Zen have downgraded America’s Car-Mart from a "strong-buy" to a "buy" rating.
• The company's stock opened at $44.81, with a market capitalization of $383.13 million and recent earnings beating analyst expectations.
• Insider Adam K. Peterson sold 88,000 shares for over $5 million, reducing his stake in the company by 5.80%.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Monday.

America's Car-Mart Stock Performance

Shares of CRMT opened at $44.81 on Monday. The stock has a market capitalization of $383.13 million, a P/E ratio of 21.44 and a beta of 1.33. The company's fifty day moving average is $51.20 and its two-hundred day moving average is $48.93. America's Car-Mart has a 1 year low of $36.40 and a 1 year high of $62.72.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.39. America's Car-Mart had a net margin of 1.29% and a return on equity of 2.01%. The company had revenue of $370.17 million for the quarter, compared to analysts' expectations of $369.77 million. During the same period in the previous year, the company posted $0.06 EPS. America's Car-Mart's revenue was up 1.5% compared to the same quarter last year. Sell-side analysts predict that America's Car-Mart will post 0.86 EPS for the current year.

Insider Buying and Selling at America's Car-Mart

In other news, major shareholder Adam K. Peterson sold 88,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $56.91, for a total transaction of $5,008,080.00. Following the transaction, the insider directly owned 1,428,094 shares of the company's stock, valued at $81,272,829.54. This represents a 5.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 154,269 shares of company stock worth $8,689,460. Corporate insiders own 18.50% of the company's stock.

Institutional Investors Weigh In On America's Car-Mart

A number of large investors have recently added to or reduced their stakes in CRMT. Wells Fargo & Company MN grew its stake in America's Car-Mart by 63.7% in the 4th quarter. Wells Fargo & Company MN now owns 4,254 shares of the company's stock valued at $218,000 after acquiring an additional 1,655 shares during the last quarter. Barclays PLC grew its stake in America's Car-Mart by 114.0% in the 4th quarter. Barclays PLC now owns 21,530 shares of the company's stock valued at $1,104,000 after acquiring an additional 11,470 shares during the last quarter. MetLife Investment Management LLC grew its stake in America's Car-Mart by 16.6% in the 4th quarter. MetLife Investment Management LLC now owns 4,219 shares of the company's stock valued at $216,000 after acquiring an additional 602 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in America's Car-Mart in the 4th quarter valued at about $216,000. Finally, Aquatic Capital Management LLC grew its stake in America's Car-Mart by 249.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company's stock valued at $143,000 after acquiring an additional 1,995 shares during the last quarter. 89.10% of the stock is owned by institutional investors and hedge funds.

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.

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