America’s Car-Mart’s (CRMT) Equal Weight Rating Reiterated at Stephens

Stephens restated their equal weight rating on shares of America’s Car-Mart (NASDAQ:CRMTFree Report) in a report issued on Tuesday, Benzinga reports. They currently have a $82.00 target price on the stock.

CRMT has been the topic of several other reports. StockNews.com lowered America’s Car-Mart from a hold rating to a sell rating in a research report on Tuesday, December 12th. TheStreet downgraded America’s Car-Mart from a c rating to a d+ rating in a report on Tuesday, December 5th.

View Our Latest Research Report on America’s Car-Mart

America’s Car-Mart Stock Performance

America’s Car-Mart stock opened at $62.50 on Tuesday. The stock’s 50 day moving average price is $66.75 and its 200 day moving average price is $82.96. The firm has a market capitalization of $399.38 million, a PE ratio of -20.03 and a beta of 1.69. America’s Car-Mart has a one year low of $57.61 and a one year high of $127.96.

America’s Car-Mart (NASDAQ:CRMTGet Free Report) last released its quarterly earnings results on Tuesday, December 5th. The company reported ($4.30) EPS for the quarter, missing the consensus estimate of $0.79 by ($5.09). The company had revenue of $361.60 million for the quarter, compared to analyst estimates of $363.76 million. America’s Car-Mart had a negative return on equity of 3.99% and a negative net margin of 1.36%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.48 earnings per share. On average, analysts forecast that America’s Car-Mart will post -1.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Adam K. Peterson purchased 24,001 shares of the stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average cost of $60.58 per share, for a total transaction of $1,453,980.58. Following the acquisition, the insider now owns 673,200 shares of the company’s stock, valued at $40,782,456. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder Adam K. Peterson purchased 24,001 shares of the stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average cost of $60.58 per share, for a total transaction of $1,453,980.58. Following the acquisition, the insider now owns 673,200 shares of the company’s stock, valued at $40,782,456. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Adam K. Peterson purchased 18,148 shares of the stock in a transaction dated Monday, February 5th. The stock was purchased at an average price of $59.71 per share, with a total value of $1,083,617.08. Following the completion of the acquisition, the insider now directly owns 649,199 shares in the company, valued at approximately $38,763,672.29. The disclosure for this purchase can be found here. 14.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System boosted its position in America’s Car-Mart by 11.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 3,000 shares of the company’s stock valued at $299,000 after purchasing an additional 300 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in America’s Car-Mart during the 2nd quarter valued at approximately $245,000. PEAK6 Investments LLC acquired a new position in America’s Car-Mart during the 2nd quarter valued at approximately $427,000. BOKF NA boosted its position in America’s Car-Mart by 1.3% during the 2nd quarter. BOKF NA now owns 24,624 shares of the company’s stock valued at $2,457,000 after purchasing an additional 306 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in America’s Car-Mart by 6.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,552 shares of the company’s stock valued at $654,000 after purchasing an additional 415 shares during the period. Institutional investors and hedge funds own 89.10% of the company’s stock.

About America’s Car-Mart

(Get Free Report)

America's Car-Mart, Inc, through its subsidiaries, operates as an automotive retailer 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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