America's Car-Mart (NASDAQ:CRMT) Upgraded to "Strong-Buy" at Wall Street Zen

Key Points

• America's Car-Mart was upgraded from a "buy" rating to a "strong-buy" rating by Wall Street Zen, indicating increased confidence in the company's stock performance.
• The company's most recent earnings report revealed $1.26 earnings per share, surpassing expectations, and a 1.5% year-over-year revenue increase.
• Significant insider activity was noted, with major shareholder Adam K. Peterson selling 88,000 shares for over $5 million, reducing his ownership stake by 5.80%.

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

America's Car-Mart Trading Down 3.6%

CRMT stock traded down $1.67 during trading on Friday, reaching $44.81. 90,079 shares of the stock were exchanged, compared to its average volume of 90,202. The business has a 50 day moving average price of $51.20 and a 200-day moving average price of $48.95. America's Car-Mart has a 1 year low of $36.40 and a 1 year high of $62.72. The firm has a market capitalization of $383.13 million, a price-to-earnings ratio of 21.44 and a beta of 1.32.

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

Insider Activity

In other news, major shareholder Adam K. Peterson sold 88,000 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $56.91, for a total value of $5,008,080.00. Following the sale, the insider directly owned 1,428,094 shares of the company's stock, valued at approximately $81,272,829.54. The trade was a 5.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 154,269 shares of company stock valued at $8,689,460. 18.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CRMT. SG Capital Management LLC acquired a new position in shares of America's Car-Mart in the fourth quarter valued at approximately $6,604,000. Nantahala Capital Management LLC boosted its holdings in shares of America's Car-Mart by 18.4% in the 1st quarter. Nantahala Capital Management LLC now owns 644,686 shares of the company's stock valued at $29,262,000 after buying an additional 100,000 shares in the last quarter. Divisadero Street Capital Management LP boosted its holdings in shares of America's Car-Mart by 126.8% in the 2nd quarter. Divisadero Street Capital Management LP now owns 134,471 shares of the company's stock valued at $7,536,000 after buying an additional 75,190 shares in the last quarter. Kize Capital LP raised its position in America's Car-Mart by 34.5% in the 1st quarter. Kize Capital LP now owns 289,712 shares of the company's stock valued at $13,150,000 after purchasing an additional 74,240 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in America's Car-Mart in the 2nd quarter valued at $3,603,000. 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.