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

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

America's Car-Mart Stock Down 1.0 %

Shares of NASDAQ:CRMT traded down $0.49 during trading on Thursday, hitting $49.13. The stock had a trading volume of 48,534 shares, compared to its average volume of 98,933. The company has a market capitalization of $405.91 million, a PE ratio of -59.91, a PEG ratio of 1.41 and a beta of 1.40. The firm's fifty day moving average is $45.67 and its 200 day moving average is $46.57. 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 posted its quarterly earnings data on Thursday, March 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.38. The business had revenue of $325.73 million during the quarter, compared to the consensus estimate of $282.83 million. America's Car-Mart had a negative return on equity of 2.26% and a negative net margin of 0.29%. Equities research analysts expect that America's Car-Mart will post 0.86 EPS for the current fiscal year.

Insider Activity at America's Car-Mart

In other America's Car-Mart news, Director Jonathan Z. Buba bought 75,000 shares of the firm's stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $43.80 per share, with a total value of $3,285,000.00. Following the completion of the purchase, the director now owns 619,686 shares of the company's stock, valued at approximately $27,142,246.80. This trade represents a 13.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.60% of the stock is currently owned by corporate insiders.

Institutional Trading of America's Car-Mart

Several institutional investors have recently bought and sold shares of CRMT. Albert D Mason Inc. increased its position in shares of America's Car-Mart by 5.0% during the first quarter. Albert D Mason Inc. now owns 8,964 shares of the company's stock valued at $407,000 after acquiring an additional 425 shares in the last quarter. Corebridge Financial Inc. increased its holdings 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 purchasing an additional 539 shares in the last quarter. R Squared Ltd purchased a new position in shares of America's Car-Mart in the fourth quarter worth $28,000. Rhumbline Advisers lifted its holdings in shares of America's Car-Mart by 5.8% during the fourth quarter. Rhumbline Advisers now owns 10,235 shares of the company's stock valued at $525,000 after purchasing an additional 564 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of America's Car-Mart by 16.6% during the fourth quarter. MetLife Investment Management LLC now owns 4,219 shares of the company's stock valued at $216,000 after buying an additional 602 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.