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 sent to investors 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 Up 2.4 %

America’s Car-Mart stock opened at $49.78 on Friday. America’s Car-Mart has a 52-week low of $37.98 and a 52-week high of $74.10. The firm has a market capitalization of $410.83 million, a price-to-earnings ratio of -60.71, a PEG ratio of 4.84 and a beta of 1.64. The company has a fifty day simple moving average of $49.24 and a 200-day simple moving average of $50.98.

Institutional Investors Weigh In On America’s Car-Mart

Large investors have recently modified their holdings of the business. R Squared Ltd purchased a new stake in shares of America’s Car-Mart in the fourth quarter valued at about $28,000. Argent Capital Management LLC purchased a new stake in shares of America’s Car-Mart in the fourth quarter valued at about $315,000. JPMorgan Chase & Co. grew its holdings in shares of America’s Car-Mart by 351.6% in 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 period. Geode Capital Management LLC grew its holdings in shares of America’s Car-Mart by 2.0% in the third quarter. Geode Capital Management LLC now owns 140,625 shares of the company’s stock valued at $5,896,000 after purchasing an additional 2,807 shares during the period. Finally, State Street Corp grew its holdings in shares of America’s Car-Mart by 1.0% in the third quarter. State Street Corp now owns 180,055 shares of the company’s stock valued at $7,548,000 after purchasing an additional 1,810 shares during the period. Hedge funds and other 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.