America’s Car-Mart (NASDAQ:CRMT) Stock Bumped Up to Hold by Wall Street Zen

Wall Street Zen upgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a sell rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of America’s Car-Mart from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $14.00.

America’s Car-Mart Stock Down 1.9%

Shares of CRMT opened at $1.04 on Friday. America’s Car-Mart has a 52-week low of $0.57 and a 52-week high of $28.70. The firm’s fifty day moving average is $1.50 and its two-hundred day moving average is $9.38. The stock has a market cap of $8.67 million, a PE ratio of -0.04 and a beta of 1.34.

America’s Car-Mart (NASDAQ:CRMT) last released its earnings results on Wednesday, September 9th. The company reported ($6.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.67) by ($5.98). The business had revenue of $89.90 million for the quarter, compared to analysts’ expectations of $253.03 million. America’s Car-Mart had a negative return on equity of 15.19% and a negative net margin of 18.21%.

Institutional Investors Weigh In On America’s Car-Mart

Several hedge funds and other institutional investors have recently bought and sold shares of CRMT. Bank of New York Mellon Corp acquired a new position in America’s Car-Mart in the 2nd quarter valued at about $29,000. Engineers Gate Manager LP grew its stake in shares of America’s Car-Mart by 41.5% in the 2nd quarter. Engineers Gate Manager LP now owns 15,268 shares of the company’s stock valued at $43,000 after buying an additional 4,475 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of America’s Car-Mart during the 2nd quarter worth approximately $135,000. Hsbc Holdings PLC increased its holdings in shares of America’s Car-Mart by 734.9% during the 2nd quarter. Hsbc Holdings PLC now owns 105,794 shares of the company’s stock worth $295,000 after buying an additional 93,122 shares during the last quarter. Finally, Platform Technology Partners raised its position in shares of America’s Car-Mart by 24.5% during the 1st quarter. Platform Technology Partners now owns 25,400 shares of the company’s stock valued at $323,000 after buying an additional 5,000 shares during the period. 89.10% of the stock is currently owned by institutional investors and hedge funds.

About America’s Car-Mart

America’s Car-Mart, Inc is a specialty automotive retailer that sells used vehicles and provides financing to consumers, including customers who may have limited or damaged credit histories. The company operates under a “buy here, pay here” business model, generally originating and servicing installment loans for vehicles purchased through its dealerships.

Its dealerships offer a selection of used cars, trucks and sport utility vehicles, with inventory typically acquired through auctions, trade-ins and other wholesale channels.