Zacks Investment Research downgraded shares of America’s Car-Mart, Inc. (NASDAQ:CRMT) from a buy rating to a hold rating in a research note released on Tuesday morning.

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 upped their price target on America’s Car-Mart from $36.00 to $41.00 and gave the stock a hold rating in a research note on Thursday, May 25th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $41.67.

America’s Car-Mart (NASDAQ:CRMT) opened at 36.90 on Tuesday. The firm has a market cap of $278.26 million, a P/E ratio of 14.72 and a beta of 0.94. The firm’s 50-day moving average price is $38.09 and its 200-day moving average price is $36.83. America’s Car-Mart has a 52-week low of $30.20 and a 52-week high of $47.75.

America’s Car-Mart (NASDAQ:CRMT) last posted its quarterly earnings results on Thursday, August 17th. The company reported $0.90 earnings per share for the quarter, hitting the consensus estimate of $0.90. The company had revenue of $146.40 million for the quarter, compared to the consensus estimate of $153.05 million. America’s Car-Mart had a return on equity of 8.72% and a net margin of 3.41%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. Equities research analysts expect that America’s Car-Mart will post $3.05 EPS for the current year.

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In other America’s Car-Mart news, CEO William H. Henderson sold 6,250 shares of the stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $37.00, for a total transaction of $231,250.00. Following the sale, the chief executive officer now directly owns 93,440 shares in the company, valued at approximately $3,457,280. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Magnolia Capital Fund, Lp bought 24,607 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were acquired at an average price of $35.75 per share, for a total transaction of $879,700.25. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 76,896 shares of company stock worth $2,830,571 and have sold 26,500 shares worth $999,903. Company insiders own 11.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. 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 worth $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 worth $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 worth $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 worth $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 worth $971,000 after buying an additional 2,003 shares during the period. Hedge funds and other institutional investors 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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