America's Car-Mart (NASDAQ:CRMT) Upgraded by Wall Street Zen to Buy Rating

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

America's Car-Mart Trading Up 5.0%

America's Car-Mart stock traded up $2.58 during mid-day trading on Friday, reaching $54.53. The company had a trading volume of 97,826 shares, compared to its average volume of 99,547. America's Car-Mart has a fifty-two week low of $36.40 and a fifty-two week high of $72.26. The company has a market cap of $450.53 million, a P/E ratio of -66.50, a P/E/G ratio of 1.41 and a beta of 1.33. The business has a fifty day simple moving average of $48.38 and a 200 day simple moving average of $48.23.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.38. America's Car-Mart had a negative net margin of 0.29% and a negative return on equity of 2.26%. The firm had revenue of $325.73 million for the quarter, compared to analyst estimates of $282.83 million. Research analysts forecast that America's Car-Mart will post 0.86 EPS for the current year.

Insider Buying and Selling

In other America's Car-Mart news, Director Jonathan Z. Buba acquired 75,000 shares of America's Car-Mart stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $43.80 per share, with a total value of $3,285,000.00. Following the completion of the purchase, the director now directly owns 619,686 shares in the company, valued at $27,142,246.80. This trade represents a 13.77% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 19.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On America's Car-Mart

Hedge funds and other institutional investors have recently bought and sold shares of the company. Flaharty Asset Management LLC lifted its holdings in America's Car-Mart by 75.0% in the fourth quarter. Flaharty Asset Management LLC now owns 7,000 shares of the company's stock valued at $359,000 after buying an additional 3,000 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in America's Car-Mart in the fourth quarter valued at $710,000. Charles Schwab Investment Management Inc. lifted its holdings in America's Car-Mart by 8.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 75,887 shares of the company's stock valued at $3,889,000 after buying an additional 5,734 shares during the period. Deutsche Bank AG lifted its holdings in America's Car-Mart by 109.4% in the fourth quarter. Deutsche Bank AG now owns 4,555 shares of the company's stock valued at $233,000 after buying an additional 2,380 shares during the period. Finally, WCM Investment Management LLC lifted its holdings in America's Car-Mart by 39.2% in the fourth quarter. WCM Investment Management LLC now owns 324,091 shares of the company's stock valued at $16,577,000 after buying an additional 91,256 shares during the period. 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.

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