StockNews.com upgraded shares of America's Car-Mart (NASDAQ:CRMT - Free Report) from a hold rating to a buy rating in a research report report published on Friday morning.
Separately, Stephens raised shares of America's Car-Mart from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd.
Get Our Latest Research Report on America's Car-Mart
America's Car-Mart Price Performance
Shares of NASDAQ:CRMT traded up $0.07 during trading on Friday, reaching $44.54. 202,052 shares of the company's stock traded hands, compared to its average volume of 104,152. America's Car-Mart has a 12 month low of $36.40 and a 12 month high of $72.26. The company has a 50 day moving average of $47.17 and a 200-day moving average of $47.37. The stock has a market capitalization of $367.59 million, a P/E ratio of -54.32, a price-to-earnings-growth 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 for the quarter, beating analysts' consensus estimates 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 business had revenue of $325.73 million during the quarter, compared to the consensus estimate of $282.83 million. Equities research analysts predict that America's Car-Mart will post 0.86 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of CRMT. Kize Capital LP acquired a new position in America's Car-Mart during the 4th quarter valued at about $11,043,000. SG Capital Management LLC acquired a new position in America's Car-Mart during the 4th quarter valued at about $6,604,000. WCM Investment Management LLC boosted its stake in America's Car-Mart by 39.2% during the 4th quarter. WCM Investment Management LLC now owns 324,091 shares of the company's stock valued at $16,577,000 after purchasing an additional 91,256 shares during the period. Portolan Capital Management LLC acquired a new position in America's Car-Mart during the 3rd quarter valued at about $3,197,000. Finally, JPMorgan Chase & Co. boosted its stake in America's Car-Mart by 351.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 73,601 shares of the company's stock valued at $3,085,000 after purchasing an additional 57,304 shares during the period. 89.10% of the stock is owned by institutional investors and hedge funds.
About America's Car-Mart
(
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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.
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