America’s Car-Mart, Inc. (NASDAQ:CRMT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “America’s Car-Mart operates automotive dealerships and is one of the largest automotive retailers in the United States focused exclusively on the Buy Here/Pay Here segment of the used car market. The Company operates its dealerships primarily in small cities and rural locations throughout the South-Central United States, selling quality used vehicles and providing financing for substantially all of its customers. “

Separately, Jefferies Group LLC increased their price target on America’s Car-Mart from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th.

America’s Car-Mart (NASDAQ CRMT) remained flat at $37.55 on Wednesday. The company had a trading volume of 23,811 shares. The stock has a market capitalization of $283.43 million, a PE ratio of 15.08 and a beta of 0.94. The stock’s 50-day moving average price is $38.29 and its 200 day moving average price is $37.02. America’s Car-Mart has a 12-month low of $30.20 and a 12-month high of $47.75.

America’s Car-Mart (NASDAQ:CRMT) last issued its quarterly earnings results on Monday, May 22nd. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The company had revenue of $152.90 million for the quarter, compared to the consensus estimate of $158.24 million. America’s Car-Mart had a return on equity of 8.82% and a net margin of 3.43%. America’s Car-Mart’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 earnings per share. On average, equities research analysts forecast that America’s Car-Mart will post $3.06 EPS for the current fiscal year.

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In other news, CEO William H. Henderson sold 1,608 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $38.09, for a total value of $61,248.72. Following the transaction, the chief executive officer now owns 89,298 shares in the company, valued at $3,401,360.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William H. Henderson sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $38.85, for a total value of $242,812.50. Following the completion of the transaction, the chief executive officer now owns 93,440 shares in the company, valued at approximately $3,630,144. The disclosure for this sale can be found here. In the last 90 days, insiders bought 68,700 shares of company stock worth $2,531,007 and sold 28,108 shares worth $1,061,151. Company insiders own 11.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in America’s Car-Mart by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 6,155 shares of the company’s stock valued at $240,000 after buying an additional 112 shares during the period. Schwab Charles Investment Management Inc. increased its position in America’s Car-Mart by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 32,949 shares of the company’s stock valued at $1,282,000 after buying an additional 152 shares during the period. American International Group Inc. increased its position in America’s Car-Mart by 7.2% in the first quarter. American International Group Inc. now owns 4,864 shares of the company’s stock valued at $177,000 after buying an additional 326 shares during the period. Horrell Capital Management Inc. increased its position in America’s Car-Mart by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the company’s stock valued at $1,087,000 after buying an additional 681 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in America’s Car-Mart by 8.7% in the second quarter. Parametric Portfolio Associates LLC now owns 24,971 shares of the company’s stock valued at $971,000 after buying an additional 2,003 shares during the period. Institutional investors and hedge funds own 83.55% of the company’s stock.

America’s Car-Mart Company Profile

America’s Car-Mart, Inc is an automotive retailer focused on the integrated auto sales and finance segment of the used car market. The Company conducts its operations through its two operating subsidiaries, America’s Car Mart, Inc (Car-Mart of Arkansas) and Colonial Auto Finance, Inc (Colonial) (Collectively, Car-Mart of Arkansas and Colonial are referred to as Car-Mart).

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