America's Car-Mart's (CRMT) "Sell (D)" Rating Reiterated at Weiss Ratings

Key Points

• America's Car-Mart's stock has a reiterated "sell (d)" rating from Weiss Ratings, indicating ongoing concerns among analysts about the company's performance.
• Stephens has lowered its target price for America's Car-Mart from $67.00 to $45.00, while Wall Street Zen has updated its rating from "hold" to "sell."
• Despite recent downgrades, institutional investors maintain strong confidence with 89.10% of the company's stock owned by hedge funds and other investors.

America's Car-Mart (NASDAQ:CRMT - Get Free Report)'s stock had its "sell (d)" rating reiterated by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other analysts also recently commented on the company. Stephens reduced their target price on America's Car-Mart from $67.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, September 5th. Wall Street Zen downgraded America's Car-Mart from a "hold" rating to a "sell" rating in a research note on Saturday, September 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $45.00.

America's Car-Mart Trading Down 1.2%

NASDAQ:CRMT traded down $0.33 during trading hours on Wednesday, hitting $26.56. 113,851 shares of the company were exchanged, compared to its average volume of 110,770. The stock has a market capitalization of $219.92 million, a price-to-earnings ratio of 17.14 and a beta of 1.23. America's Car-Mart has a one year low of $26.12 and a one year high of $62.72. The company has a fifty day simple moving average of $38.87 and a 200 day simple moving average of $46.78.

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

Hedge Funds Weigh In On America's Car-Mart

A number of hedge funds and other institutional investors have recently modified their holdings of CRMT. Nantahala Capital Management LLC boosted its stake 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 worth $29,262,000 after buying an additional 100,000 shares during the last quarter. SG Capital Management LLC boosted its stake in shares of America's Car-Mart by 71.5% in the 2nd quarter. SG Capital Management LLC now owns 212,339 shares of the company's stock worth $11,899,000 after buying an additional 88,554 shares during the last quarter. Divisadero Street Capital Management LP boosted its stake 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 worth $7,536,000 after buying an additional 75,190 shares during the last quarter. Kize Capital LP boosted its stake in shares of America's Car-Mart by 34.5% in the 1st quarter. Kize Capital LP now owns 289,712 shares of the company's stock worth $13,150,000 after buying an additional 74,240 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of America's Car-Mart in the 2nd quarter worth approximately $3,603,000. Hedge funds and other 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.

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