America’s Car-Mart (NASDAQ:CRMT) Given Neutral Rating at BTIG Research

BTIG Research reissued their neutral rating on shares of America’s Car-Mart (NASDAQ:CRMT) in a report issued on Monday morning,Benzinga reports.

Several other brokerages also recently issued reports on CRMT. Jefferies Financial Group cut their price objective on America’s Car-Mart from $29.00 to $14.00 and set a “hold” rating for the company in a research report on Tuesday, March 17th. Wall Street Zen upgraded America’s Car-Mart from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $29.50.

America’s Car-Mart Trading Up 15.3%

CRMT stock opened at $2.41 on Monday. The firm has a 50 day moving average of $10.77 and a 200-day moving average of $18.23. America’s Car-Mart has a 12-month low of $1.38 and a 12-month high of $62.72. The company has a market cap of $20.00 million, a price-to-earnings ratio of -0.21 and a beta of 1.18.

Insider Activity

In related news, major shareholder Adam K. Peterson sold 8,000 shares of America’s Car-Mart stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $12.59, for a total transaction of $100,720.00. Following the completion of the transaction, the insider directly owned 1,119,875 shares in the company, valued at $14,099,226.25. The trade was a 0.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRMT. AQR Capital Management LLC acquired a new position in shares of America’s Car-Mart during the 1st quarter worth approximately $209,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in America’s Car-Mart by 6.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,310 shares of the company’s stock valued at $196,000 after acquiring an additional 255 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in America’s Car-Mart by 492.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,191 shares of the company’s stock valued at $54,000 after acquiring an additional 990 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in America’s Car-Mart by 11.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 195,860 shares of the company’s stock valued at $8,890,000 after acquiring an additional 19,389 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in America’s Car-Mart by 11.7% in the 2nd quarter. Rhumbline Advisers now owns 11,693 shares of the company’s stock valued at $655,000 after acquiring an additional 1,229 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

About America’s Car-Mart

America’s Car-Mart, Inc operates as a retailer and financer of used automobiles, specializing in serving customers with limited credit histories through an in-house “buy-here, pay-here” financing model. The company’s dealerships offer a selection of late-model, pre-owned vehicles across a range of makes and models, supported by on-site service centers and extended warranty products. In addition to vehicle sales, America’s Car-Mart generates revenue from finance charges, insurance products and ancillary services such as GAP coverage and credit life and disability insurance.

Founded in 1981 in Forrest City, Arkansas, America’s Car-Mart has grown from a single dealership into a publicly traded company listed on the Nasdaq under the ticker CRMT.