America’s Car-Mart (NASDAQ:CRMT) Upgraded at StockNews.com

StockNews.com upgraded shares of America’s Car-Mart (NASDAQ:CRMT) from a hold rating to a buy rating in a research report released on Friday morning.

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

America’s Car-Mart Stock Performance

Shares of NASDAQ:CRMT opened at $49.78 on Friday. The firm has a market cap of $410.69 million, a price-to-earnings ratio of -60.71, a P/E/G ratio of 4.84 and a beta of 1.64. The firm has a fifty day moving average price of $49.24 and a 200 day moving average price of $50.91. 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

Large investors have recently bought and sold shares of the business. R Squared Ltd purchased a new position in shares of America’s Car-Mart in the 4th quarter worth $28,000. Point72 DIFC Ltd bought a new position in shares of America’s Car-Mart in the 3rd quarter valued at about $40,000. Point72 Asset Management L.P. grew its position in America’s Car-Mart by 290.9% in the third quarter. Point72 Asset Management L.P. now owns 1,900 shares of the company’s stock worth $80,000 after acquiring an additional 1,414 shares in the last quarter. Sentry Investment Management LLC bought a new stake in America’s Car-Mart during the third quarter worth approximately $113,000. Finally, Hsbc Holdings PLC purchased a new stake in America’s Car-Mart during the second quarter valued at approximately $221,000. Institutional investors own 89.10% of the company’s stock.

America’s Car-Mart Company Profile

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.