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 research note issued to investors on Sunday.

America's Car-Mart Stock Performance

America's Car-Mart stock traded up $0.61 during midday trading on Friday, reaching $46.71. 61,279 shares of the company's stock were exchanged, compared to its average volume of 91,166. The stock's 50-day simple moving average is $51.42 and its 200 day simple moving average is $49.03. The firm has a market cap of $399.37 million, a price-to-earnings ratio of 22.35 and a beta of 1.32. America's Car-Mart has a 52 week low of $36.40 and a 52 week high of $62.89.

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

Insider Buying and Selling

In other America's Car-Mart news, major shareholder Adam K. Peterson sold 88,000 shares of America's Car-Mart 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 completion of the transaction, the insider directly owned 1,428,094 shares of the company's stock, valued at $81,272,829.54. The trade was a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 154,269 shares of company stock worth $8,689,460 over the last three months. Insiders own 18.50% of the company's stock.

Institutional Trading of America's Car-Mart

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its stake in America's Car-Mart by 492.5% in 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 during the last quarter. AlphaQuest LLC boosted its holdings in shares of America's Car-Mart by 1,316.3% during the first quarter. AlphaQuest LLC now owns 1,997 shares of the company's stock worth $91,000 after acquiring an additional 1,856 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of America's Car-Mart by 264.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,408 shares of the company's stock worth $135,000 after acquiring an additional 1,747 shares during the period. Aquatic Capital Management LLC grew its position in shares of America's Car-Mart by 249.4% in the fourth quarter. Aquatic Capital Management LLC now owns 2,795 shares of the company's stock valued at $143,000 after purchasing an additional 1,995 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of America's Car-Mart by 6.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company's stock worth $196,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds 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.