America’s Car-Mart (NASDAQ:CRMT) Rating Lowered to Hold at StockNews.com

America’s Car-Mart (NASDAQ:CRMT) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Separately, Stephens upgraded America’s Car-Mart from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

America’s Car-Mart Stock Performance

Shares of NASDAQ CRMT opened at $49.24 on Thursday. The stock has a fifty day moving average of $50.06 and a 200-day moving average of $49.96. The stock has a market cap of $406.23 million, a PE ratio of -60.05, a price-to-earnings-growth ratio of 1.45 and a beta of 1.64. America’s Car-Mart has a fifty-two week low of $37.98 and a fifty-two week high of $74.10.

Institutional Investors Weigh In On America’s Car-Mart

Several large investors have recently added to or reduced their stakes in CRMT. WCM Investment Management LLC raised its holdings in shares of America’s Car-Mart by 39.2% in the 4th quarter. WCM Investment Management LLC now owns 324,091 shares of the company’s stock valued at $16,577,000 after acquiring an additional 91,256 shares in the last quarter. Portolan Capital Management LLC purchased a new stake in America’s Car-Mart in the third quarter valued at approximately $3,197,000. JPMorgan Chase & Co. lifted its position in America’s Car-Mart by 351.6% during the third 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 last quarter. Waterfall Asset Management LLC purchased a new position in America’s Car-Mart in the 3rd quarter worth approximately $1,258,000. Finally, PDT Partners LLC bought a new position in shares of America’s Car-Mart in the 3rd quarter worth $974,000. Institutional investors own 89.10% of the company’s stock.

About America’s Car-Mart

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.