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

Key Points

• America's Car-Mart has been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen.
• Stephens has reduced the stock's target price from $67.00 to $45.00, while the average consensus target price remains at $45.00.
• The company reported a loss of ($0.69) earnings per share, missing estimates by ($1.38), and had revenue of only $125.45 million for the quarter compared to a consensus estimate of $350.35 million.

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

Separately, Stephens dropped their target price on America's Car-Mart from $67.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $45.00.

America's Car-Mart Stock Down 0.5%

CRMT stock opened at $35.94 on Tuesday. America's Car-Mart has a twelve month low of $34.02 and a twelve month high of $62.72. The stock's 50 day moving average is $49.53 and its 200-day moving average is $48.59. The firm has a market capitalization of $307.29 million, a PE ratio of 23.19 and a beta of 1.33.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last posted its earnings results on Thursday, September 4th. The company reported ($0.69) earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($1.38). America's Car-Mart had a net margin of 0.95% and a return on equity of 1.08%. The company had revenue of $125.45 million during the quarter, compared to the consensus estimate of $350.35 million. On average, equities research analysts anticipate that America's Car-Mart will post 0.86 earnings per share for the current fiscal year.

Insider Activity at America's Car-Mart

In related news, major shareholder Adam K. Peterson sold 88,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $56.91, for a total transaction of $5,008,080.00. Following the completion of the sale, the insider directly owned 1,428,094 shares of the company's stock, valued at approximately $81,272,829.54. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 18.50% of the company's stock.

Institutional Trading of America's Car-Mart

A number of large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in America's Car-Mart by 264.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company's stock worth $135,000 after buying an additional 1,747 shares during the last quarter. Man Group plc purchased a new stake in America's Car-Mart in the second quarter worth $255,000. Balyasny Asset Management L.P. purchased a new stake in America's Car-Mart in the second quarter worth $638,000. Bank of America Corp DE increased its position in America's Car-Mart by 94.2% in the second quarter. Bank of America Corp DE now owns 26,554 shares of the company's stock worth $1,488,000 after buying an additional 12,877 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in America's Car-Mart in the second quarter worth $782,000. 89.10% of the stock is owned by hedge funds and other institutional investors.

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.

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