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

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

America's Car-Mart Price Performance

CRMT stock opened at $59.44 on Friday. The company's 50 day simple moving average is $52.69 and its 200-day simple moving average is $49.08. The firm has a market capitalization of $490.97 million, a PE ratio of 28.44, a P/E/G ratio of 0.44 and a beta of 1.35. America's Car-Mart has a 12 month low of $36.40 and a 12 month high of $72.26.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last released its quarterly earnings results on Tuesday, June 17th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.87 by $0.39. The business had revenue of $370.17 million for the quarter, compared to analyst estimates of $369.77 million. America's Car-Mart had a net margin of 1.29% and a return on equity of 2.01%. The company's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. As a group, sell-side analysts anticipate 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 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 completion of 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 accessible through this hyperlink. Over the last three months, insiders have sold 154,269 shares of company stock valued at $8,689,460. 19.60% of the stock is currently owned by insiders.

Institutional Trading of America's Car-Mart

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in America's Car-Mart by 15,425.0% in the 1st quarter. GAMMA Investing LLC now owns 13,662 shares of the company's stock worth $620,000 after acquiring an additional 13,574 shares during the period. SG Americas Securities LLC acquired a new position in shares of America's Car-Mart in the 1st quarter valued at $350,000. D. E. Shaw & Co. Inc. acquired a new position in shares of America's Car-Mart in the 4th quarter valued at $710,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of America's Car-Mart by 8.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 75,887 shares of the company's stock valued at $3,889,000 after purchasing an additional 5,734 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of America's Car-Mart by 109.4% in the 4th quarter. Deutsche Bank AG now owns 4,555 shares of the company's stock valued at $233,000 after purchasing an additional 2,380 shares during the last quarter. 89.10% of the stock is 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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