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

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 research report issued on Saturday.

America's Car-Mart Stock Down 4.2%

Shares of America's Car-Mart stock traded down $2.57 during trading on Friday, reaching $57.82. The company's stock had a trading volume of 38,902 shares, compared to its average volume of 103,627. The firm has a market cap of $477.67 million, a PE ratio of 27.61, a P/E/G ratio of 0.42 and a beta of 1.35. The business's 50-day moving average price is $52.94 and its 200-day moving average price is $49.08. America's Car-Mart has a 52 week low of $36.40 and a 52 week 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 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 business had revenue of $370.17 million during the quarter, compared to analyst estimates of $369.77 million. During the same period in the prior year, the firm posted $0.06 EPS. America's Car-Mart's quarterly revenue was up 1.5% compared to the same quarter last year. Equities analysts predict 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 the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $56.91, for a total value of $5,008,080.00. Following the completion of the transaction, the insider directly owned 1,428,094 shares in the company, valued at approximately $81,272,829.54. The trade was a 5.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 154,269 shares of company stock valued at $8,689,460 over the last 90 days. Corporate insiders own 19.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRMT. Rhumbline Advisers raised its position in shares of America's Car-Mart by 2.2% in the first quarter. Rhumbline Advisers now owns 10,464 shares of the company's stock valued at $475,000 after purchasing an additional 229 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of America's Car-Mart by 6.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company's stock valued at $196,000 after acquiring an additional 255 shares in the last quarter. Albert D Mason Inc. increased its stake in America's Car-Mart by 5.0% during the 1st quarter. Albert D Mason Inc. now owns 8,964 shares of the company's stock valued at $407,000 after purchasing an additional 425 shares in the last quarter. Corebridge Financial Inc. grew its stake in shares of America's Car-Mart by 17.8% in the 4th quarter. Corebridge Financial Inc. now owns 3,564 shares of the company's stock worth $183,000 after acquiring an additional 539 shares in the last quarter. Finally, Argent Capital Management LLC boosted its holdings in shares of America's Car-Mart by 5.5% in the 2nd quarter. Argent Capital Management LLC now owns 10,965 shares of the company's stock worth $614,000 after buying an additional 574 shares during the last quarter. Institutional investors 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.