America's Car-Mart (NASDAQ:CRMT) Downgraded by Wall Street Zen to "Sell"

Key Points

• America's Car-Mart has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a negative outlook for the stock.
• Stephens has decreased their price target for America's Car-Mart from $67.00 to $45.00, while maintaining an "overweight" rating on the stock.
• The company reported a significant earnings miss, with an EPS of (0.69), falling short of analysts' expectations of 0.69 by (1.38).

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

Separately, Stephens reduced their price objective on America's Car-Mart from $67.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $45.00.

America's Car-Mart Stock Up 1.3%

Shares of America's Car-Mart stock traded up $0.43 during trading on Friday, hitting $33.27. 3,762 shares of the stock traded hands, compared to its average volume of 106,707. The stock has a market cap of $275.43 million, a price-to-earnings ratio of 21.46 and a beta of 1.33. The firm's fifty day moving average is $44.23 and its 200-day moving average is $48.05. America's Car-Mart has a 52 week low of $31.83 and a 52 week high of $62.72.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its position in America's Car-Mart by 492.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company's stock valued at $54,000 after buying an additional 990 shares in the last quarter. AlphaQuest LLC increased its position in America's Car-Mart by 1,316.3% during the 1st quarter. AlphaQuest LLC now owns 1,997 shares of the company's stock valued at $91,000 after buying an additional 1,856 shares in the last quarter. Tower Research Capital LLC TRC increased its position in America's Car-Mart by 264.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company's stock valued at $135,000 after buying an additional 1,747 shares in the last quarter. Cornerstone Investment Partners LLC bought a new stake in shares of America's Car-Mart in the 2nd quarter worth $222,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of America's Car-Mart by 31.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,055 shares of the company's stock worth $208,000 after purchasing an additional 965 shares in the last quarter. Institutional investors 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.