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

Key Points

• America's Car-Mart (NASDAQ:CRMT) has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment.
• Despite the upgrade, Weiss Ratings maintains a "sell" rating, and the average target price for the stock is $45.00, significantly lower than its previous highs.
• The company reported a quarterly loss per share of ($0.69), missing expectations, with revenue falling short at $125.45 million compared to anticipated figures.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

A number of other equities research analysts also recently commented on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of America's Car-Mart in a report on Wednesday, October 8th. Stephens lowered their target price on shares of America's Car-Mart from $67.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, America's Car-Mart has an average rating of "Hold" and a consensus target price of $45.00.

America's Car-Mart Price Performance

Shares of NASDAQ CRMT opened at $24.87 on Friday. The company has a market cap of $205.92 million, a PE ratio of 16.05 and a beta of 1.23. America's Car-Mart has a 12 month low of $24.85 and a 12 month high of $62.72. The company has a 50-day simple moving average of $36.04 and a 200-day simple moving average of $45.61.

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

Institutional Investors Weigh In On America's Car-Mart

A number of institutional investors have recently bought and sold shares of CRMT. Jones Financial Companies Lllp grew its stake in America's Car-Mart by 492.5% during the first quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company's stock worth $54,000 after buying an additional 990 shares during the period. AlphaQuest LLC grew its stake in 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 buying an additional 1,856 shares during the period. Tower Research Capital LLC TRC grew its stake in 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 buying an additional 1,747 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 buying an additional 255 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in America's Car-Mart during the first quarter worth approximately $209,000. 89.10% of the stock is currently 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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