America's Car-Mart (NASDAQ:CRMT) Now Covered by Stephens

Equities research analysts at Stephens assumed coverage on shares of America's Car-Mart (NASDAQ:CRMT - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm set an "equal weight" rating and a $50.00 price target on the stock. Stephens' price objective indicates a potential upside of 17.23% from the company's previous close.

Separately, StockNews.com raised shares of America's Car-Mart from a "sell" rating to a "hold" rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, America's Car-Mart presently has a consensus rating of "Hold" and an average price target of $50.00.

America's Car-Mart Trading Up 1.5 %

CRMT traded up $0.65 during trading hours on Wednesday, reaching $42.65. The company's stock had a trading volume of 39,456 shares, compared to its average volume of 101,463. The business's 50-day moving average is $43.45 and its 200-day moving average is $55.36. America's Car-Mart has a fifty-two week low of $37.98 and a fifty-two week high of $85.68.

America's Car-Mart (NASDAQ:CRMT - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.81). America's Car-Mart had a negative return on equity of 7.75% and a negative net margin of 2.66%. The business had revenue of $347.76 million for the quarter, compared to analysts' expectations of $338.78 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The business's revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, equities research analysts expect that America's Car-Mart will post 0.93 EPS for the current year.

Insider Activity at America's Car-Mart

In other America's Car-Mart news, Director Joshua G. Welch purchased 23,255 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was bought at an average price of $43.00 per share, with a total value of $999,965.00. Following the transaction, the director now directly owns 148,955 shares of the company's stock, valued at approximately $6,405,065. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other America's Car-Mart news, major shareholder Adam K. Peterson purchased 813,953 shares of the business's stock in a transaction on Thursday, September 19th. The shares were bought at an average cost of $43.00 per share, for a total transaction of $34,999,979.00. Following the completion of the purchase, the insider now directly owns 1,582,363 shares in the company, valued at approximately $68,041,609. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joshua G. Welch bought 23,255 shares of the stock in a transaction dated Thursday, September 19th. The stock was purchased at an average cost of $43.00 per share, for a total transaction of $999,965.00. Following the acquisition, the director now owns 148,955 shares of the company's stock, valued at approximately $6,405,065. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 19.60% of the company's stock.

Institutional Trading of America's Car-Mart

A number of large investors have recently made changes to their positions in CRMT. Deerfield Management Company L.P. Series C boosted its position in America's Car-Mart by 459.9% during the second quarter. Deerfield Management Company L.P. Series C now owns 22,267 shares of the company's stock worth $1,341,000 after acquiring an additional 18,290 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of America's Car-Mart by 12.1% during the 2nd quarter. American Century Companies Inc. now owns 8,371 shares of the company's stock worth $504,000 after acquiring an additional 905 shares during the period. Argent Capital Management LLC acquired a new stake in shares of America's Car-Mart in the second quarter worth approximately $231,000. Magnolia Group LLC grew its holdings in America's Car-Mart by 6.7% in the second quarter. Magnolia Group LLC now owns 768,410 shares of the company's stock valued at $46,266,000 after purchasing an additional 48,460 shares during the period. Finally, HITE Hedge Asset Management LLC purchased a new position in America's Car-Mart during the second quarter worth approximately $1,449,000. Institutional investors and hedge funds 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.