America's Car-Mart (NASDAQ:CRMT) Cut to "Hold" at StockNews.com

America's Car-Mart (NASDAQ:CRMT - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Monday.

Separately, Stephens raised America's Car-Mart from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd.

America's Car-Mart Trading Down 3.0 %

NASDAQ:CRMT traded down $1.34 during mid-day trading on Monday, reaching $43.28. 44,807 shares of the stock were exchanged, compared to its average volume of 98,833. The business has a fifty day moving average price of $46.77 and a 200 day moving average price of $46.17. America's Car-Mart has a 1-year low of $36.40 and a 1-year high of $72.26. The firm has a market capitalization of $357.58 million, a PE ratio of -52.76, a PEG ratio of 1.41 and a beta of 1.71.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $325.73 million for the quarter, compared to analysts' expectations of $282.83 million. On average, sell-side analysts forecast that America's Car-Mart will post 0.86 earnings per share for the current year.

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Insider Buying and Selling at America's Car-Mart

In other news, Director Jonathan Z. Buba acquired 75,000 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $43.80 per share, for a total transaction of $3,285,000.00. Following the transaction, the director now owns 619,686 shares in the company, valued at approximately $27,142,246.80. This trade represents a 13.77 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.60% of the company's stock.

Institutional Trading of America's Car-Mart

Several hedge funds and other institutional investors have recently modified their holdings of CRMT. Flaharty Asset Management LLC raised its position in America's Car-Mart by 75.0% during 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. JPMorgan Chase & Co. lifted its position in shares of America's Car-Mart by 351.6% in the third quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company's stock worth $3,085,000 after purchasing an additional 57,304 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of America's Car-Mart by 2.0% during the third quarter. Geode Capital Management LLC now owns 140,625 shares of the company's stock worth $5,896,000 after purchasing an additional 2,807 shares during the period. PDT Partners LLC purchased a new position in America's Car-Mart during the third quarter valued at approximately $974,000. Finally, Argent Capital Management LLC acquired a new position in America's Car-Mart in the 4th quarter valued at approximately $315,000. Institutional investors and hedge funds 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.